4-Units | Piedmont Ave

4092 Piedmont Ave, Oakland, CA 94611

  • For Sale $2,695,000
  • Property Type Multi-Family
  • Property Size 4,194 SF
  • Units 4
  • Lot Size 0.08 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1923
  • Date Updated Sep 26, 2024
Welcome to Piedmont Avenue – a vibrant and sought-after district in Oakland that beckons real estate investors to discover a lucrative opportunity in the heart of the East Bay. Known for its unique blend of historic charm and modern conveniences, Piedmont Avenue presents an enticing proposition for those seeking to invest in apartment buildings. With a rich cultural scene, diverse dining options, and proximity to key amenities, this neighborhood offers a dynamic environment that attracts a steady demand for rental properties. The real estate landscape on Piedmont Avenue is characterized by a mix of classic and contemporary apartment buildings, providing investors with a diverse portfolio to explore. The area boasts a variety of unit configurations, catering to different tenant preferences. As an investor, you can tap into the local market's potential by acquiring properties that align with the neighborhood's distinctive character while offering modern amenities and conveniences. The allure of Piedmont Avenue lies not just in its architectural charm but also in its strategic location, ensuring a sound investment with the promise of long-term appreciation. Beyond the investment perspective, Piedmont Avenue is celebrated for its pedestrian-friendly streets, eclectic boutiques, and a thriving arts scene. The neighborhood's Walk Score of 90 underscores its accessibility, making it an ideal choice for residents who value convenience and connectivity. For real estate investors seeking not just financial returns but also a place within a community that values culture and lifestyle, Piedmont Avenue stands as an attractive destination in the competitive landscape of apartment building investments. Scores Walk Score - 99 Transit Score - 58 Bike Score - 69Welcome to 4092 Piedmont Ave, where luxury and investment potential converge in a vibrant neighborhood. This exceptional mixed-use property offers a blend of residential comfort and thriving commercial spaces, generating an impressive income of $16,370 monthly and $196,440 annually. The residential unit features a cozy and modern 2-bedroom, 1-bath apartment with an open-concept living area, a well-appointed kitchen, and spacious bedrooms, ideal for urban living. The commercial spaces include an office, a bar, and an Indian restaurant. The lively bar, with its stylish interior and well-stocked selection of beverages, attracts a dedicated clientele. The popular Indian restaurant is known for its authentic cuisine and warm ambiance, enjoying excellent street visibility. Located on bustling Piedmont Ave, this property benefits from high foot traffic and outstanding visibility. The area is renowned for its eclectic mix of shops, dining options, and entertainment venues, making it a sought-after destination for residents and businesses. With easy access to public transportation and major thoroughfares, 4092 Piedmont Ave combines convenience and vibrancy. Seize this exceptional investment opportunity and explore the potential of 4092 Piedmont Ave. Schedule a viewing today to experience the perfect blend of urban living and commercial success.

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Attachments

Highlights

  • Strong In-Place Cash Flow: Impressive monthly income of $16,370 and $196,440 annually.
  • Attractively Priced: 13.54 Gross Rent Multiplier (GRM) and 4.95% Cap Rate
  • Diverse Unit Mix: (1) 2 bed 1 bath residential unit, (1) office with a disability bathroom, (1) restaurant and (1) bar space downstairs, ensuring a property that caters to various tenant needs.

Contacts

broker

Jatin Mehta

Kite Hill Real Estate

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise
  • Transit Score ®

    57/100 Good Transit
  • Bike Score ®

    69/100 Bikeable
Powered by Walk Score ®
  • City Oakland, CA
  • Neighborhood Piedmont Avenue
  • Zip Code 94611
  • Market Bay Area

Points of Interest

  • MacArthur

    0.83 miles

  • 19th Street BART Street Elevator

    1.63 miles

  • Oakland City Center - 12th Street

    1.91 miles

  • Ashby

    2.07 miles

  • Lake Merritt

    2.14 miles

  • Emeryville

    2.37 miles

  • Oakland-Jack London Square

    2.49 miles

  • West Oakland

    2.78 miles

  • Downtown Berkeley

    3.14 miles

  • North Berkeley

    3.70 miles

  • 7-Eleven

    0.11 miles

  • Broadway 76

    0.28 miles

  • Valero

    0.28 miles

  • Chevron

    0.39 miles

  • Quick stop

    0.44 miles

  • A & P

    0.50 miles

  • Shell

    0.66 miles

  • 76

    0.76 miles

  • Mobil

    0.93 miles

  • eVgo

    1.01 miles

  • Kaiser Permanente Medical Center - Parking Garage

    0.25 miles

  • Broadway Webster Medical Plaza

    0.63 miles

  • Merritt Pavilion Employee Parking Garage

    0.73 miles

  • MacArthur BART Parking Garage

    0.78 miles

  • Summit Garage

    0.81 miles

  • Peralta MOB Parking Garage

    0.89 miles

  • Peralta Hospital Parking Garage

    0.92 miles

  • The Logan Resident and Whole Foods Parking Garage

    0.93 miles

  • Costco

    9.50 miles

  • Broadway Motel

    0.25 miles

  • Westwind Lodge

    0.40 miles

  • Value Inn

    0.45 miles

  • Motor Inn

    0.57 miles

  • Travel Inn

    0.58 miles

  • Imperial Inn

    0.66 miles

  • Inn at Temescal

    0.70 miles

  • Maya Motel

    0.84 miles

  • Kissel Uptown Oakland - In the Unbound Collection

    1.15 miles

  • Nights Inn Motel

    1.18 miles

  • Kerry House

    0.00 miles

  • Raj Indian Cuisine

    0.00 miles

  • Holly's Mandarin

    0.01 miles

  • Baja on Piedmont

    0.02 miles

  • Ebiko

    0.03 miles

  • Oori Triangles Piedmont

    0.03 miles

  • Charm Thai Bistro

    0.03 miles

  • Pla Daek Thai Esan Food

    0.04 miles

  • Geta Sushi

    0.04 miles

  • Barney's

    0.05 miles

  • Saint Leo's Parochial School

    0.17 miles

  • Pacific Boychoir Academy

    0.18 miles

  • Piedmont Avenue Elementary School

    0.26 miles

  • Egbert Beach Elementary School

    0.40 miles

  • Oakland Technical Senior High School

    0.46 miles

  • Park Day School

    0.50 miles

  • Emerson Elementary School

    0.65 miles

  • Oakland International High School

    0.74 miles

  • Oakland Technical High School Upper Campus

    0.74 miles

  • Samuel Merritt University

    0.83 miles

  • Duck's Nest Preschool

    0.18 miles

  • Snow White Pre School

    0.31 miles

  • Beach Schoolmates

    0.39 miles

  • Duck's Nest

    0.72 miles

  • Casa De Los Niños

    0.81 miles

  • Havens Schoolmates

    1.05 miles

  • Rockridge Montessori School

    1.09 miles

  • Small Trans Depot

    1.27 miles

  • St Mary's Center Preschool

    1.37 miles

  • Claremont Day Nursery

    1.41 miles

Frequently Asked Questions

How much does 4-Units | Piedmont Ave cost?

The space currently listed for sale at 4-Units | Piedmont Ave asks for $2,695,000.

What is the total square footage of 4-Units | Piedmont Ave?

4-Units | Piedmont Ave totals 4,194 square feet.

When was this property built?

4-Units | Piedmont Ave was built in 1923.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Jatin Mehta

Kite Hill Real Estate