Sold
2400 Humboldt
Oakland CA, 94601
$475,000
$182.06 per sqft
Sold
2,609 sqft
Multi-family
Built in 1923
$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**
41054227
MLSⓇ ID
March 28, 2024
Listed
May 13, 2024
Updated
Map
2400 Humboldt
Oakland CA, 94601
Interior Features
Interior Features
Other
Laundry Description
Community Facility, In Unit
Floor Description
Linoleum, Wood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Level
Other Property Details
Area Name
Oakland
Garage
No
Parking
No Parking on Site
View
No
View Description
None
County
Alameda
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/13/2024 | Sold | $475,000 |
5/2/2024 | Pending | — |
4/29/2024 | Price Change | $475,000 -27% |
Listed by Pedram Karbassi with BAY'S ELITE INVESTMENTS
Listing Contact: 510-414-5354
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