Map of Property

1520 1st Avenue

For Sale

1520 1st Avenue, Oakland, CA 94606

This Oakland property for sale is located at 1520 1st Avenue. The current listed sale price for 1520 1st Avenue is $2,300,000. 1520 1st Avenue is situated on a lot that is 0.09 acre in size.

Contacts

broker

Monjid Aldiyyat

HomeServices of America

Property Details

  • Property Type Multi-Family
  • Property Size 5,514 SF
  • Units 8
  • Lot Size 0.09 Acre
  • Additional Rent Contact for pricing
  • Year Built 1910
  • Date Updated Aug 26, 2024
1520 1st Ave is conveniently located in Downtown Oakland providing easy access to Lake Merritt, numerous BART Stations, and major interstates such as Hwy 80 and Hwy 580 making for seamless travel throughout the San Francisco Bay Area. Residents can enjoy amenities in Uptown, Downtown, and Lake Merritt, with nearby healthcare facilities such as Sutter Health and Kaiser Permanente less than 10 minutes away from the property.Berkshire Hathaway Commercial Property Group proudly presents 1520 1st Ave, Oakland, CA—an exceptional 8-unit multifamily property ideally situated in Downtown Oakland, steps away from the Lake Merritt. This property boasts a diverse mix of units, comprising (3) 2-bedroom, 1-bathroom residences, (3) spacious 1-bedroom, 1-bathroom units, and (2) generous studio apartments with 1 bathroom each. Upon acquisition, the property offers the flexibility of delivering up to 7 out of 8 units vacant at the close of escrow, providing immediate opportunities for renovations or leasing at market value. Moreover, the property presents promising potential for further development, with the possibility of constructing an Additional Dwelling Unit (ADU) and an onsite laundry room, catering to tenant needs and enhancing property value. This is a great opportunity to acquire a lucrative asset in a great location.

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Highlights

  • Situated in the heart of the vibrant Lake Merritt neighborhood, this property offers a highly desirable location that is sought after by tenants and investors alike.
  • With the flexibility to deliver 7 out of 8 units vacant upon sale, this property provides immediate possibilities for renovations or upgrades to maximize rental income potential.
  • Unlock additional revenue streams with the potential for constructing an Additional Dwelling Unit (ADU) and/or onsite laundry facilities, enhancing the property's value and income potential.
  • Enjoy easy access to transportation with the Lake Merritt BART Station just a brief 5-minute drive away, facilitating seamless commutes throughout the Bay Area for tenants.
  • Strategically located near major Oakland employers such as Kaiser Permanente and Sutter Health, this property offers an attractive housing option for employees seeking proximity to their workplaces.

Getting around

  • 92/100

    Walk Score ®

  • 75/100

    Transit Score ®

  • 94/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Oakland, CA
  • Neighborhood Merritt
  • Zip Code 94606
  • Market Bay Area

Points of Interest

  • Lake Merritt

    0.54 miles

  • 19th Street BART Street Elevator

    0.91 miles

  • Oakland City Center - 12th Street

    0.92 miles

  • Oakland-Jack London Square

    0.95 miles

  • MacArthur

    2.12 miles

  • West Oakland

    2.19 miles

  • Fruitvale

    2.42 miles

  • Emeryville

    3.46 miles

  • Ashby

    3.78 miles

  • Coliseum

    4.48 miles

  • Shell

    0.29 miles

  • Alameda County Fueling Station

    0.55 miles

  • Chevron

    0.68 miles

  • Propel

    0.68 miles

  • True Zero

    0.68 miles

  • eVgo

    0.88 miles

  • 76

    0.93 miles

  • ChargePoint

    1.03 miles

  • Mobil

    1.12 miles

  • Betts Lakeshore Chevron

    1.13 miles

  • Regeneration Church

    0.11 miles

  • State of California

    0.20 miles

  • Disabled Parking Lot

    0.38 miles

  • Lake Chalet Employee Parking

    0.38 miles

  • Lake Chalet Valet Parking

    0.40 miles

  • Lake Chalet Parking

    0.40 miles

  • Museum Parking Garage

    0.44 miles

  • Scottish Rite Center Parking

    0.46 miles

  • Sun Sang Supermarket

    0.49 miles

  • Costco

    8.72 miles

  • Americas Best Value Inn

    0.14 miles

  • Civic Center Lodge

    0.60 miles

  • The Empyrean Towers

    0.76 miles

  • Trending Inn

    0.81 miles

  • Homewood Suites by Hilton Oakland-Waterfront

    0.81 miles

  • Ramada Oakland Downtown City Center

    0.82 miles

  • Hampton Inn

    0.83 miles

  • Continental Lodge

    0.90 miles

  • Courtyard Oakland Downtown

    0.94 miles

  • Oakland Marriott City Center

    0.97 miles

  • Lucky

    0.12 miles

  • hk outlets

    0.59 miles

  • Hometown Grocery

    0.67 miles

  • Won Kee Supermarket

    0.71 miles

  • Cash & Carry

    0.75 miles

  • LG Supermarket

    0.79 miles

  • New Dic's Supermarket

    0.87 miles

  • Trader Joe's

    0.95 miles

  • Whole Foods Market

    0.97 miles

  • T & T Co

    0.98 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Monjid Aldiyyat

HomeServices of America