848 International Boulevard, Oakland, CA 94606

$1,675,000

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List Price
$1,675,000
Price Change
▼ $50,000 1787803283
Status
ACTIVE
MLS#
ML82045376
Year Built
1910
Lot Size
5,000
Acres
0.11
Days on Market
151
Property Type
Commercial

Property Description

848 International Boulevard presents a well-maintained 7-unit multifamily investment opportunity in a strong rental market. The property features a highly desirable unit mix consisting primarily of spacious three-bedroom units, catering to strong and consistent rental demand from families and shared households. Since acquiring the property in 2018, ownership has invested significantly in capital improvements, including approximately $110,000 to complete Oaklands mandatory soft-story seismic retrot in 2024substantially reducing future structural risk and bringing the property into compliance with current city requirements. Additionally, four units have undergone major renovations to enhance interior appeal and positioning the asset for continued rental upside. With a combination of in-place income stability and value-add potential through further unit upgrades, the property offers investors a balanced prole of durability and growth. Its corner lot positioning, functional layout, and ongoing improvements make it an attractive long-term hold in a supply-constrained rental market.

Additional Information

Taxes
$21,740
Heat
Wall Furnace
Cooling
Yes
Cooling Description
None
Roof
Tar/Gravel
Water
Other
School District
Other
Attached Structure
Detached
Number Of Units Total
7
Gross Scheduled Income
$158,772

Listing courtesy of Listing Agent: Sam Runco (sam.runco@marcusmillichap.com) from Listing Office: Marcus & Millichap.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.