3837 M L King Jr Way, Oakland, CA 94609

$1,200,000
3,125
SqFt

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List Price
$1,200,000
Status
ACTIVE
MLS#
326058986
Year Built
1900
Property Type
Triplex
Living Area
3,125
Lot Size
183,344,040
Acres
4209
County
Alameda
Region
Oakland Zip 94609

Property Description

Discover the potential of this unique triplex opportunity in the heart of Oakland. Positioned in an area experiencing major revitalization and ongoing development, this property offers investors, owner-users, and developers' endless possibilities. Significant construction and improvements surrounding the property are transforming the neighborhood and may substantially enhance the future value, appeal, and long-term upside of the property and the surrounding community. This mixed-use triplex features a versatile layout with a ground-floor retail/commercial space, a spacious second floor with two bedrooms, two bathrooms, and a large third floor with three bedrooms and two bathrooms. The property also includes a big backyard with additional potential for outdoor use and entertaining. The property requires TLC and presents an excellent opportunity for a buyer with vision to renovate, improve, and maximize its potential. Whether you're looking to create income-producing units, establish a live/work environment, or capitalize on the area's ongoing growth and redevelopment, this property is a rare chance to invest in one of Oakland's evolving corridors. Bring your imagination and unlock the possibilities this property offers.

Additional Information

Basement
None
Heating
Other
Cooling
See Remarks
Lot Description
Sidewalks
Possession
See Remarks
Tenant Pays
Electricity, Gas

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Calculator source: Real Geeks

Listing courtesy of Julio E Midolo from Remax Sky

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