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2940-2942 Fruitvale Avenue, Oakland, CA 94602

$1,895,000

  • For Sale
  • Active
  • Multi-Family
  • 7 Car Garage
  • Updated 12 days ago
2940-2942 Fruitvale Avenue, Oakland, CA 94602View this property at 2940-2942 Fruitvale Avenue, Oakland, CA 94602
2940-2942 Fruitvale AvenueOaklandCA94602

Property Description

Great Investment Opportunity with strong upside in Oakland, CA. Charming 7 unit 1920's Bungalow Court apts nestled on a semi-private street. 5 Cottage-style apartments and 2 duplex homes. 5 attached garages plus a 2 car detached garage (unwarranted), street parking. Private outdoor spaces. Easy access to Hwy 580 and BART. Located in the School neighborhood near trendy Lower Dimond and Jingletown. Current owner has improved tenant profile, renovated 2 units to condo quality and negotiated a third tenant buyout. Property upgrades include electric, sewer lines, updated plumbing with tankless heaters, new appliances, new outdoor landscaping/hardscaping and amended tenancy terms to be more favorable to the owner.

Full Property Detailsfor 2940-2942 Fruitvale Avenue

General

  • Price: $1,895,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 468041
  • Updated: 4/12/2018
  • Added: 42 day(s) ago

Property History

  • 2940-2942 Fruitvale Avenue, Oakland, CA
  • Reduced to $1,895,000 on 4/12/18
  • Listed at $1,995,000 on 3/14/18

Interior

  • Interior Features: Garden, Front Landscaping, Rear Landscaping, Fenced Yard
  • Appliances: Oven/Range Freestand, Refrigerator
  • Flooring: Hardwood

Rooms

Other Rooms

  • Laundry: W/D Hookups

Exterior

  • Exterior Features: Stucco

Parking

  • Garage Spaces: 7
  • Parking: Detached, Attached, Garage

Location

  • Area: OAKLAND
  • County: Alameda
  • Cross Streets: Hickory
  • Driving Directions: Hwy 580 to exit 24 Coolidge/Fruitvale Ave

Heating & Cooling

  • Heating Type: Gas

Structural Information

  • # Buildings: 6
  • Architectural Style: Spanish/Mediterranean
  • Construction: Wood Frame
  • Basement Desc.: None
  • Foundation: Concrete
  • Roof: Tile, Bitumen
  • Stories/Levels: 0
  • Stories Description: Garden Apartments
  • Square Feet: 6,946
  • Year Built: 1920

Unit Information

  • 2 Bedroom Units: 7

Lot Features

  • Property View: Garden/Greenbelt
  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 14,750

Financial Considerations

  • Price Per Sq. Ft.: $272.82
  • Price Per Acre: $5,596,574.13
  • Tenant Pays: Water, Gas, Electricity, Cable TV, Gardener

Disclosures and Reports

  • Legal Disclosures: Disclosure Pkg Avail, Prelim Title Report, Rental/Lease Agmts, RE Transfer Discl, Sellers Sup to TDS, Seismic Hazard Discl, Strctrl Pst Cntr Rpt, Gen Prop Insp Report

Listed by Vanguard Properties, Michael Gallin

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Schools

Schoolsserving 2940-2942 Fruitvale Avenue

School District:Oakland Unified School District
School Name
Grades
Distance
Fruitvale Elementary School
3200 Boston Ave, Oakland, CA 94602
K-5
0.3 mi
Manzanita Elementary School, Oakland, CA
2409 East 27th Street, Oakland, CA 94601
K-5
0.4 mi
Sequoia Elementary School, Oakland, CA
3730 Lincoln Avenue, Oakland, CA 94602
K-5
0.7 mi
United For Success Academy
2101 35th Ave, Oakland, CA 94601
6-8
0.6 mi
Bret Harte Middle School, Oakland, CA
3700 Coolidge Ave, Oakland, CA 94602
6-8
0.7 mi
Edna Brewer Middle School
3748 13th Ave, Oakland, CA 94610
6-8
0.9 mi
Oakland High School
1023 Macarthur Blvd, Oakland, CA 94610
9-12
1.3 mi
Fremont High School, Oakland, CA
4610 Foothill Boulevard, Oakland, CA 94601
9-12
1.4 mi
Skyline High School
12250 Skyline Boulevard, Oakland, CA 94619
9-12
3.1 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 2940-2942 Fruitvale Avenue

Listed by Vanguard Properties, Michael Gallin

2940-2942 Fruitvale Avenue, Oakland, CA 94602 (MLS# 468041) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 2940-2942 Fruitvale Avenue is currently listed for $1,895,000 and was received on March 14, 2018. Want to learn more about 2940-2942 Fruitvale Avenue? Do you have questions about finding other Multi-Family real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.