For Sale $2,300,000
Property Type Multi-Family
Property Size 5,514 SF
Units 8
Lot Size 0.09 Acre
Additional Rent Contact for pricing
Year Built 1910
Date Updated Aug 26, 2024

1520 1st Ave is conveniently located in Downtown Oakland providing easy access to Lake Merritt, numerous BART Stations, and major interstates such as Hwy 80 and Hwy 580 making for seamless travel throughout the San Francisco Bay Area. Residents can enjoy amenities in Uptown, Downtown, and Lake Merritt, with nearby healthcare facilities such as Sutter Health and Kaiser Permanente less than 10 minutes away from the property.Berkshire Hathaway Commercial Property Group proudly presents 1520 1st Ave, Oakland, CA—an exceptional 8-unit multifamily property ideally situated in Downtown Oakland, steps away from the Lake Merritt. This property boasts a diverse mix of units, comprising (3) 2-bedroom, 1-bathroom residences, (3) spacious 1-bedroom, 1-bathroom units, and (2) generous studio apartments with 1 bathroom each. Upon acquisition, the property offers the flexibility of delivering up to 7 out of 8 units vacant at the close of escrow, providing immediate opportunities for renovations or leasing at market value. Moreover, the property presents promising potential for further development, with the possibility of constructing an Additional Dwelling Unit (ADU) and an onsite laundry room, catering to tenant needs and enhancing property value. This is a great opportunity to acquire a lucrative asset in a great location.

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Highlights

Situated in the heart of the vibrant Lake Merritt neighborhood, this property offers a highly desirable location that is sought after by tenants and investors alike.
With the flexibility to deliver 7 out of 8 units vacant upon sale, this property provides immediate possibilities for renovations or upgrades to maximize rental income potential.
Unlock additional revenue streams with the potential for constructing an Additional Dwelling Unit (ADU) and/or onsite laundry facilities, enhancing the property's value and income potential.
Enjoy easy access to transportation with the Lake Merritt BART Station just a brief 5-minute drive away, facilitating seamless commutes throughout the Bay Area for tenants.
Strategically located near major Oakland employers such as Kaiser Permanente and Sutter Health, this property offers an attractive housing option for employees seeking proximity to their workplaces.

Contacts

Monjid Aldiyyat

HomeServices of America

Location

Getting Around

Walk Score ®
92/100 Walker's Paradise
Transit Score ®
75/100 Excellent Transit
Bike Score ®
94/100 Biker's Paradise

City Oakland, CA
Neighborhood Merritt
Zip Code 94606
Market Bay Area

Points of Interest

19th Street BART Street Elevator

0.91 miles
Rockridge

3.14 miles
Emeryville

3.46 miles
Downtown Berkeley

4.93 miles
Redwood Valley Railway

5.88 miles
Orinda

6.73 miles
Brannan

7.33 miles
Taxi Stand at Oracle Park

7.46 miles
Taxi Stand at Chase Center(southbound along Terry A Francois Blvd at 16th Street)

7.47 miles
Taxi Stand at Farmers Market near Ferry Building

7.48 miles

Shell

0.29 miles
Alameda County Fueling Station

0.55 miles
True Zero

0.67 miles
Chevron

0.68 miles
Shell

0.71 miles
76

0.78 miles
76

0.93 miles
eVgo

1.00 miles
ChargePoint

1.03 miles
Betts Lakeshore Chevron

1.13 miles

State of California

0.20 miles
Lake Chalet Employee Parking

0.38 miles
Lake Chalet Valet Parking

0.40 miles
Lake Chalet Parking

0.40 miles
Museum Parking Garage

0.44 miles
Scottish Rite Center Parking

0.46 miles
Disabled Parking Lot

0.48 miles
Sun Sang Supermarket

0.49 miles
Alco Parking

0.54 miles
Student Parking

0.56 miles

Americas Best Value Inn

0.14 miles
Civic Center Lodge

0.60 miles
The Empyrean Towers

0.76 miles
Trending Inn

0.81 miles
Homewood Suites by Hilton Oakland-Waterfront

0.81 miles
Ramada by Wyndham Oakland Downtown City Center

0.82 miles
Hampton Inn

0.83 miles
Continental Lodge

0.90 miles
Courtyard Oakland Downtown

0.94 miles
Oakland Marriott City Center

0.97 miles

Portal

0.06 miles
Tacos Mi Rancho

0.06 miles
Rockin Crawfish

0.07 miles
Berlyn's Gourmet Eatery

0.09 miles
Tasty Bowl

0.10 miles
New King

0.11 miles
Pho King

0.11 miles
Anh Dao

0.20 miles
Subway

0.21 miles
Pho Hiep Hung

0.23 miles

Dewey Academy

0.23 miles
La Esquelita Education Center

0.29 miles
La Esquelita Elementary School

0.29 miles
Metwest High School

0.31 miles
Bridge Academy

0.45 miles
American Indian Public Charter School

0.54 miles
Franklin Elementary School

0.61 miles
Lincoln Elementary School

0.65 miles
Cleveland Elementary School

0.71 miles
Envision Academy of Arts & Technology

0.79 miles

The Lake School

0.28 miles
Laney College Child Care Center

0.34 miles
East Bay Academy

0.48 miles
Little Stars Pre-School

0.51 miles
Starlite Child Development Center

0.61 miles
Family Bridges Lake Merritt Child Care Center

0.66 miles
Small Trans Depot

0.92 miles
New Day Preschool

1.11 miles
Snow White Pre School

1.63 miles
Beach Schoolmates

1.72 miles

Frequently Asked Questions

How much does 1520 1st Avenue cost?

The space currently listed for sale at 1520 1st Avenue asks for $2,300,000.

What is the total square footage of 1520 1st Avenue?

1520 1st Avenue totals 5,514 square feet.

When was this property built?

1520 1st Avenue was built in 1910.

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