303 Lee St, Oakland, CA 94610

$6,995,000
18,720
SqFt

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List Price
$6,995,000
Status
ACTIVE
Days on Market
141
Price Change
▼ $455,000 1780364564
MLS#
41126787
Subtype
Commercial Sale
Year Built
1964
Living Area
18,720
Lot Size
8,925
Acres
0.20
Subdivision
Lake Merrit
Neighborhood
Lake Merrit

Property Description

This very nostalgic 3 story property is located at 303 Lee Street in Oakland California. It has 18,720 rentable square feet, with 25 large units including 7 two-bedroom one-bathroom and 18 one-bedroom/one-bathroom all with private baths and kitchens. The property was built in 1964, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas and electric meters minimizing the owner’s expenses. The apartment unit mix is 7 two bedrooms and 18 one-bedroom units; there are 23 parking spaces. The quality of the building is maintained with pride. The units are separately metered for gas, electricity and hot water. The units have pleasant views from the entry and living room of upstairs units. The laundry is coin operated for additional income. The subject has no deferred maintenance and is in good condition.

Additional Information

Flooring
See Remarks
Heating
Electric, See Remarks
Air Conditioning
See Remarks
Exterior Features
Wood
Roof
Composition Shingles
Parking Features
Private, See Remarks

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Steven Peterson from Infinity Investments. 408-509-0700

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