2318 Ivy Drive, Oakland, CA 94606

$1,250,000
List Price
$1,250,000
MLS#
40967274
Lot Size
4,500
Type
Multifamily
Zip
94606
city
Oakland
Status
ACTIVE

Property Description

To access marketing package copy/paste: https://bit.ly/kitehillre. This well-maintained 4-unit building near Lake Merritt is perfect for an owner/occupant buyer. Four 1-bed, 1-bath units, each with garage parking, are individually metered for water, gas & electric. In addition to one completely renovated unit, the property has many cosmetic & structural improvements including: new roofing, electrical & water updates, new coin-op laundry & fresh exterior paint. Just blocks from beautiful Lake Merritt and surrounding greenery, the Ivy Hill neighborhood has a great walking score and offers plenty of nightlife and dining options. Convenient to the 580 Freeway for an easy commute and walking distance to Lakeshore & Grand Ave, the location will appeal to young professionals and students alike. With one vacancy, this is the ideal property for a live-in owner/investor with an eye for upside potential.

Additional Information

Exterior
Stucco
Yarddescription
Back Yard, Terraced Up
Building Type
FOURPLEX
Addtlmiscfeatures
Balcony/Patio
Separatemeters
Electric, Gas, Water
Zoning
RU-2
Possession
COE
Laundry
Coin Operated
Heating
Wall Furnace
Cooling
No Air Conditioning
Basement
None
Year Built
1947
Lotdescription
Regular
Water Sewer
Sewer System - Public, Water - Public
Flooring
Hardwood Flrs Throughout
Acres
0.1
Addl Property Description
Don’t miss this great opportunity to own a beautiful historic 4-unit building with two 2-car garages.
Roof
Unknown
Parking Spaces
4
Parkingdescription
Garage Parking, Off Street Parking
Terms
Cash, Conventional, 1031 Exchange
Tenantpays
Electric, Gas, Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jatin Mehta from Kite Hill Real Estate

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