Description
RECESSION PROOF INVESTMENT-TRUE HEDGE AGAINST INFLATION. Government guaranteed rent which is exempt from rent control. 35% Upside in the Rents. Nostalgic building in the great downtown Oakland area near Lake Merritt. No deferred maintenance - Easy Management Strong Rent Upside. Trouble free income and management Opportunity Zone. The building was built in 1925, 118 apartments with private baths and kitchens and 1 commercial. Six stories building size with 55,750 square feet on a lot size 18,730 square feet. 75% of the units have been renovated at a cost of $800,000.
Location
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Listing Agent: Meidan Mike Magen
Listing Office: Probity Real Estate
