570 Boden Way, Oakland, CA 94610 - 40900650

Listing ID : EB40900650

Structure / Lot Size
12,294 Sqft / 0.3200 Acre
Year
1960

Description

We are pleased to present 570 Boden Way, a nine-unit multifamily property located just steps from Lake Merritt. The property consists of nine (9) 2 bedroom / 2 bathroom units averaging over 1,200 square feet each. The building sits above 14 garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers on-site laundry, tenant storage lockers, and balconies with sweeping views of Lake Merritt, Grand Lake Theater, and Downtown Oakland. This is truly a rare pride of ownership asset in an A+ location. Situated just blocks from both Lakeshore Avenue and Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Coffee and various cafes and shops all within walking distance.

Details

Type: Multi-Family/Income Sale

Subdivision: Oakland Zip Code 94610

County: Alameda

Security Features: Fire System - Sprinkler

Tax ID: 23-419-19-3

Annual Taxes: $61,596

Building Size: 12,294 SqFt

Cap Rate: 4.61%

Amenities: Balcony/Patio, Elevator(s)/Lift(s)

Cooling: Central -1 Zone

Flooring: Hardwood

Heating: Forced Air

Laundry: Laundry Facility - Coin-Op, Community Facility

Number of Units: 9

Parking Spaces: 14

Property Type: Commercial Sale

Roof: Rolled Composition

Sewer: Sewer - Public

Sub Type: Five or More Units

Water: Heater - Gas

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Interactive

570 Boden Way, Oakland, CA 94610
Directions to here from: 155 mi

Area Information 94610

Population:

32,677 Up .09% since 2010

Average Income:

$143,188

Average Age:

41Years

Gender:

46.57%Male
53.43%Female

Households:

17,17116.93% with children

Average Value:

$1,604,095

Occupancy:

35.44%Owned
64.56%Rented
6.2%Vacant

Education:

7.04%High School
5.26%Associate
36.02%Bachelor
32.79%Graduate

Average Residency:

19Years

Crime Rate:

Average

Annual Rainfall:

22.3Inches

Earthquake Risk:

Very High

Ozone Risk:

Average

Pollution Risk:

Average

Tornado Risk:

Very Low

History

Date	Transaction	Price	Mortgage Amt & Lender
Date Dec 20, 2022	Transaction Active - Commercial Multi-Residential (5+ units)EB40998581	Price $5,750,000	Mortgage Amt & Lender - -
Date Feb 25, 2021	Transaction Sold - Commercial Multi-Residential (5+ units)EB40900650	Price $4,225,000	Mortgage Amt & Lender - -

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Listed by TIMOTHY WARREN with JOSEPH M. TAPIA, BROKER

Based on information from the MLSListings MLS) as of 1/27/2023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate 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. Based on information from the MLSListings MLS) as of 1/27/2023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2023 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes

Office: 888-603-IPRO

570 Boden Way - $4,225,000