Marcus & Millichap is pleased to present 42124218 Piedmont Avenue, a premier 10-unit mixed-use asset located in one of Oakland's most desirable and walkable neighborhoods. The property features a balanced unit mix of 6 residential apartments and 4 well-positioned ground-floor commercial suites, providing a diverse and stable income stream. Offered… Read More at an attractive 7.33% CAP rate, the asset presents investors with strong in-place cash flow and long-term upside in a high-barrier-to-entry location. Situated along the vibrant Piedmont Avenue corridor, the property benefits from exceptional foot traffic, immediate access to top-tier dining, retail, and entertainment, and proximity to major transportation corridors including Highway 24, I-580, and BART. This is a rare opportunity to acquire a high-yield, well-located asset in one of Oaklands premier submarkets. Read Less
Courtesy of Marcus & Millichap, Eymon Binesh 650-546-1030
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
8,798
Lot Size
0.15 Acres
Year Built
1926
MLS Number
ML82041027
30 Days Snapshot Of 94611
$2.30M
+110%
(avg) sold price
1
-66%
home sold
10
-61%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6648.00, Max Area Units: Square Feet, Lot is 0.15261707988981 acres
Accessibility Features
None
Unit One
Rent: $2,570, 2 bedrooms
Unit Two
Rent: $1,965, bedroom 1
Unit Three
Rent: $1,663
Unit Four
Rent: $1,976
Building
8,798 structure square feet, Age: 100, Built in 1926, 1 building, 10 minimum units in complex
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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