146 Grand Ave Immeuble residentiel 28 lots 3 200 813 € (114 315 €/Lot) Taux de capitalisation 7,88 % Oakland, CA 94612

144-148 Grand Avenue is an incredibly well-located mixed use building just off of Lake Merritt. The property consists of twenty five apartments, two commercial/retail spaces and a 2 bedroom one bath office conversion. The commercial tenants are both successful, long term tenants that have great reputations in the neighborhood. Many apartments maintain the period detail and charm of the 1915 construction. Units have ample living space with well-planned layouts offering steam heat and gas stoves. This building gives an investor the opportunity for a low basis in an amazing location!
Located just off of Lake Merritt and next to downtown the building is located in an A+ location. On a corner lot just steps from shopping the building draws in tenants that can easily walk to work downtown and take a stroll around the lake. It is an ideal place for tenants to call home. Boasting a Walkscore of 98 tenants can do just about everything on foot.