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 

Bay East  ©2024 CCAR  ©2024. bridgeMLS  ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 8:06 PM UTC, 5/13/2024.

Powered byLuxury Presence