Jenny Apartments 1458 E 33rd St Immeuble residentiel 18 lots 2 453 061 € (136 281 €/Lot) Oakland, CA 94602

1458 E. 33rd Street, Oakland
18 Units
6 each one bedrooms, 12 each studios
New owner can set new rents on vacant units.

This building was built in 1938 and was located on what is now the 580 Freeway near Beaumont Ave and MacArthur. The owner purchased the property at auction from the State of CA. The stipulation was the building had to be moved from the freeway right of way. The owner owned the vacant lot where the building currently sits. The building was moved around 1960-61. At the time there was a new foundation, plumbing and electrical upgrades to 1960-61 building code.
One owner passed in the early 2000’s and the other owner passed in January 2009. Over the years, the building has been painted several times; various kitchens and baths have been renovated. The roof has also been redone several times and most recent receipt shows 2008 work. The roof is recoated with Sunshield 100% acrylic emulsion white latex roof coating every 3-4 years. This coating meets California Energy Code and is class “A” fire rated.
Elevator is currently maintained by Dawn Elevator in San Francisco.
The building has an exterior water standpipe and reel water hoses on each floor plus exterior fire escape. All this is annually inspected by Fire King Fire Protection in Marin. Fire extinguishers are located throughout the building and those are annually serviced by Best Fire Extinguisher in Oakland. There are no sprinklers in the building.
The heat to the building is provided through energy efficient boiler located in the basement installed 2007 and maintained by LJ Kruse Commercial Plumbing in Berkeley. The 100 gallon water heater was replaced in 2023 and is tied into a roof mounted solar system and has two additional storage tanks in the basement. This works like on demand hot water according to the residents.
There is no air condition in this building, however all units have ceiling fans.
Currently the property resides in a family trust administered by successor trustees.
Regarding insurance, there has been no loss claims paid.
There are separate gas and electric meters which are tenant expenses.
There is one master water meter which is an owner expense.
There is a master gas meter for the boiler which is an owner expense.
There is an electric meter for the elevator which is an owner expense.
The building is exempt from the City of Oakland Soft Story Ordinance. Letter on file.
Shown by appointment
Asking Price is $2,825,000
Price per unit: $156,944.00
Listed through Frank Hennefer broker, CA BRE 00852682
10464 San Pablo Ave.
El Cerrito, CA 94530
510-305-5436
Frank T Hennefer is a real estate broker licensed by the State of California operating under License Number 00852682. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, rental or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Broker cannot and has not independently verified information provided by others, including square footage and lot size. This is not intended to solicit property already listed. No financial or legal advice provided. This brokerage fully supports the principles of the Fair Housing Act and Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.