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Listed by Ryan Rodriguez • Colliers International
$ 3,100,000
Est. payment | /mo
0.55 Acres Lot
$ 3,100,000
Est. payment | /mo
0.55 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41109494
Year Built 1957
Lot Size 0.545 Acres
Property Description
2505-2525 10th Avenue is being offered for sale as a single asset. All investors should base their offer and pricing on the “As Is, Where Is” condition of the assets. This property comprises of 35 units presenting a unique and strategic opportunity for an investor to rapidly establish a substantial presence in Oakland. 2505-2525 10th Ave presents a compelling opportunity for a workforce housing investment. The asset offers investors a reliable and consistent revenue stream, driven by the growing demand for affordable housing in the East Oakland market. The property benefits from exceptional connectivity to the Bay Area, with convenient access to Lake Merritt, Interstate 580 & 880, and proximity to Oakland International Airport, allowing residents several transportation options and ease of access to key regions throughout the Bay. 2505-2525 10th Ave features an exceptional unit mix with a particularly strong concentration of highly desirable studio, one-bedroom, and two-bedroom units. The portfolio's unit mix paired with strong demand for workforce housing ensures landlords benefit from natural turnover, minimizing loss-to-lease risks associated with the city's stringent rent control regulations.
Location
State CA
County Alameda
Interior
Heating See Remarks
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114