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Kelly Klingler
Kelly Klingler
Wells & Bennett Realtors
Oakland, CA 94602

925-550-9540
Contact Me

Contact Me





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Listing 1 out of 411
$1,195,000 For Sale

515 Sycamore Street
Oakland, CA 94612

4 units | Multi Family Home
3920 sq ft - MLS# ML81734890
Property Photo
1/19

Description

Property shall be delivered VACANT at close of escrow! Previously used as a 4-unit building, the possibilities for this property are endless. This stately building in the Uptown neighborhood could continue generating income as a fourplex or could quickly be upgraded to a 5-unit per advice of contractor and architect. Current owners have also begun the entitlement process to bring it to its highest and best use 11 units. Incredible development opportunity in one of Oaklands trendiest neighborhoods. This opportunity can suit anyone. Low down payment financing available for owner-occupiers. Cash-flow property is perfect for investors. Entitlements pave the way for developers. Seller financing would be considered. Come check it out and explore it for yourself. Three of the units have well-designed layouts with oversized bedrooms. The other unit is a newly updated studio. City views from the top floor. Large back yard is ready to be converted into an urban oasis.

Features

  • Property Type: Multi Family Home
  • Sub Type: FOURPLEX
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94612
  • Year Built: 1901
  • Age: 118
  • High School: Oakland (510) 879-8111
  • Units: 4 units
  • Lot Size: 3920 sq ft
  • Zoning: RU-3
  • Annual Gross Sched Income: $136,512
  • Annual Rental Inc: 136512
  • Cooling: No Air Conditioning
  • Elementary School Distric: Oakland (510) 879-8111
  • Existing Lease Terms: Building Vacant
  • Heating: No Heat
  • Lot Sq Ft Apx: 4000
  • Net Operating Income: $100,258
  • Operating Expenses: Vacancy Factor
  • Park Spc Tot: 3
  • Unit 1: 2-Bedrooms
  • Unit 2: 2-Bedrooms
  • Unit 3: 2-Bedrooms
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Minngo, Ryan Landis



Kelly Klingler | CA DRE# 01052191 | 925-550-9540 | Contact Me
1451 Leimert Blvd. - Oakland, CA 94602
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