This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$3,200,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
MAJOR PRICE REDUCTION! REDUCED BY $500,000! Wells & Bennett is pleased to present this exceptional, one-of-a-kind opportunity to acquire 5736-5772 Thornhill Drive, situated on approximately +/- .65 acres of land in the prestigious Montclair Community of Oakland, California (the "Property"). The property is comprised of two parcels and five buildings totaling approximately +/- 11,226 square feet. (Buyer to verify). Both parcels to be sold together. This is a mixed-use property containing (8) retail spaces and (8) residential units. The zoning is RH-4 Hillside Residential, and CN-3 Neighborhood Commercial. The property has been in the same family since 1969. Built in 1968 and in 1990, this 11,226 square foot property offers an uncommon opportunity to an investor to acquire a premium property in an excellent location. Currently 95% leased to fifteen (15) tenants on short term leases, the Property presents a rare opportunity for an investor to add-value to the property by increasing rents to market standards. With extremely low vacancy rates, and rare small units, an investor can push the rents to achieve an optimized return on investment.
Full Property Details
Full Property Details for 5760 Thornhill Dr
General
- Sold For: $3,200,000
- Status: Closed
- Type: Commercial
- Source: MAX
- MLS ID: 41024354
- Added to Site: 1, 043 day(s) ago
Parking
- Parking Features: Common, Private Lot, Garage
Location
- Area: Listing
- County: Alameda
- Subdivision: Montclair
- Driving Directions: Hwy 13 to Thornhill Drive
Structural Information
- Exterior Const.: Wood Siding, Siding - Stucco
- Roof: Composition Shingles, Rolled/Hot Mop, Tar/Gravel
- Living Area: 11,226 Sq. Ft.
- Year Built: 1968
Lot Features
- Lot Size (Acres): 0.65
- Lot Dimensions: 28314
- Lot Features: Neighborhood Commercial
- Lot Description: Neighborhood Commercial
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $374
- Terms: Price As Is, New Loan
Disclosures and Reports
- Property ID: Two Parcels
Listed and Sold by Wells & Bennett REALTORS, Kelly Klingler
Get Pre-Approved Today
Schools
Schools serving 5760 Thornhill Dr
School District:Oakland Unified School District
| Name | Grades | Distance |
|---|---|---|
Montclair Elementary School 1757 Mountain Boulevard, Oakland, CA 94611 | K-5 | 0.3 mi |
Montera Middle School 5555 Ascot Drive, Oakland, CA 94611 | 6-8 | 1.2 mi |
Skyline High School 12250 Skyline Boulevard, Oakland, CA 94619 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5760 Thornhill Dr
Date
Details
Price
Change
Source
12/27/2023
Sold
$3,200,000
-23.81%
MLS
9/05/2023
Price Reduced
$4,200,000
-16%
MLS
5/20/2023
Price Reduced
$5,000,000
-9.09%
MLS
4/15/2023
Listed
$5,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5760 Thornhill Drive, Oakland, CA 94611 (MLS# 41024354) is a Commercial property that was sold at $3,200,000 on December 27, 2023. Want to learn more about 5760 Thornhill Drive? Do you have questions about finding other Commercial real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

