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2400 Humboldt, Oakland, CA 94601
$475,000
2400 Humboldt, Oakland, CA 94601View this property at 2400 Humboldt, Oakland, CA 94601
2400 HumboldtOaklandCA94601
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Property Description
$475,000 CASH ONLY! $79,000/Door Rare Contractors special w/ huge upside: Beautiful 1930s Mediterranean style building struck by fire. Attractive six unit building w/ five studios and one two bedroom has great cash flow potential with two units sustaining moderate fire damage and one unit gutted it to studs w/ floor joist in good shape. Building was remodeled w/ permits in mid 1980s w/ new foundation, new electrical panel, new sewer lateral and copper piping and electrical upgrades as well as new kitchen counters and shower stalls. Building was occupied prior to fire w/ studios renting at average $1500-$1550 monthly and two bedroom priced at $2250 monthly. Building is smoke damaged throughout however, washing down walls and using ozone odor removal machines should remove smoke odor. We believe structural damage could easily be completely restored without a huge financial burdent and building could turn significant cash flow for motivated builder/investor. Building comes w/ full architectural plans for restoration and can be modified by new owner. Don't miss this rare opportunity to own six units at only $79k per door, 1/3 of Market Value Pre-Fire! **Photos are from before and after the fire**
Full Property Details
Full Property Details for 2400 Humboldt
General
- Sold For: $475,000
- Status: Closed
- Type: Commercial Residential Facility
- MLS ID: 41054227
- Added to Site: 54 day(s) ago
Interior
- Interior Features: Other
- Flooring: Linoleum, Wood
Rooms
Other Rooms
- Laundry: Community Facility, In Unit, Community Facility, In Unit
Parking
- Parking Features: No Parking on Site
Location
- Area: Listing
- County: Alameda
- Driving Directions: 35th Ave to Lynde St
Heating & Cooling
- Cooling Type: None
- Heating Type: Floor Furnace
Utilities
- Water: Public
Structural Information
- Exterior Const.: Stucco, Frame
- Living Area: 2,609 Sq. Ft.
- Year Built: 1923
Lot Features
- Lot Size (Acres): 0.15
- Lot Dimensions: 6534
- Lot Features: Level
- Lot Description: Level
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $182
- Terms: Cash
Listed by Bay's Elite Investments, Pedram Karbassi
Sold by MLSListing, PEDRAM KARBASSI
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Schools
Schools serving 2400 Humboldt
School District:Oakland Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3670 Penniman Ave, Oakland, CA 94619 | PK-5 | 0.5 mi | |
2101 35th Ave, Oakland, CA 94601 | 6-8 | 0.3 mi | |
3031 E 18th St, Oakland, CA 94601 | 6-8 | 0.7 mi | |
4610 Foothill Blvd, Oakland, CA 94601 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2400 Humboldt
Date
Details
Price
Change
Source
5/10/2024
Sold
$475,000
—
MLS
4/29/2024
Price Reduced
$475,000
-26.92%
MLS
3/28/2024
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2400 Humboldt, Oakland, CA 94601 (MLS# 41054227) is a Commercial Residential Facility property that was sold at $475,000 on May 10, 2024. Want to learn more about 2400 Humboldt? Do you have questions about finding other Commercial Residential Facility real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.