Description
Contact Broker to schedule appointments to tour, view Offering Memorandum and/or view disclosures. The subject property is a 27-unit apartment building located in an Opportunity Zone with CBD-X zoning, ideal for future development, while generating strong rental income on the following unit mix: five (5) studios, fourteen (14) 1-bd/1-ba units, five (5) 2-bd/1-ba units and three (3) lofts. Tenants enjoy the comfort of either going to a local restaurant such as Plenty, Hot Bird or Itani Ramen; spending a night out at The Fox Theatre or famous bars like Cafe Van Cleef; or walking to Lake Merritt for a little exercise. The great location allows tenants to access the entire Bay Area due to its proximity to 19th Street BART station, public transportation options and a series of major freeways. The spacious units have had several upgrades including new kitchens, bathrooms and appliances. This is a rare opportunity to purchase a solid income property with high development upside potential.
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