518 E 18Th St, Oakland, CA 94606

$980,000
List Price
$980,000
Status
ACTIVE
MLS#
41059727
Year Built
1923
Lot Size
3,750
Acres
0.09
Lot Location
Back Yard
Days on Market
6
Property Type
Multifamily
Property Sub Type
Triplex
Neighborhood
Ivy Hill

Property Description

Introducing Oakland’s 518 E 18th Street—the perfect starter home for any buyer who wants to pair their first residence with a stable source of rental income. This 3,332 sq. ft., 3-unit building is divided between two 1BR/1BA units and a sizable commercial space. The commercial space and one of the units are tenant occupied, while the third unit (a rear-facing 1BR) will be vacant. This arrangement will provide the new owner with a quiet, spacious place to live as well as an immediate cash flow of $5,189 per month. This property enjoys lush garden space, a shared laundry room, secured entry, and dedicated parking. Originally built in the 1920s, it also benefits from classic design elements such as wood trim finishes and built-in storage. Multiple AC Transit stops and a BART station (Lake Merritt) are all located within a 1-mile radius of this listing for commuting ease. It is also near Kaiser Permanente, Highland Hospital, Alta Bates, Children’s Hospital, and Laney College

Additional Information

Appliances
Dryer, Washer
Exterior Construction
Stucco, Wood Siding
Roof
Tar/Gravel
Sewer
Public Sewer
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$91,668

Listing courtesy of Listing Agent: Joey Wang (joeywang@kwcommercial.com) from Listing Office: Keller Williams Realty.

Mortgage Calculator

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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.