Bella Vista Gardens, Oakland, CA
Sold For $1.625M
Brochure Click Here
Bella Vista Gardens is a stately 1920’s 5-unit apartment building and a single-family home perched on a gentle slope next to Ivy Hill, just over 1 mile east of Lake Merritt in Oakland CA. The wood-framed stucco 5-plex has two 2-bedroom 1-bath units and three 1-bedroom 1-bath units and a non-conforming studio. The brown shingle home has 3 bedrooms and 2 bathrooms on an adjacent lot with the potential for development.
Two Parcels
Assumable 3.8% Loan
2-Car Garage
20% Upside in Rents
Development Opportunity
1.5 Miles from Lake Merritt
FEATURES & CONDITION
The property has a 2-car garage at the base of the single-family home which is surrounded by lush gardens and mature fruit trees. Residents benefit from easy access to the I-580, bay views, remodeled units, and plenty of open space. A new owner has the opportunity to split the lots by adding a sewer line and develop the site by adding square footage or a possible ADU. There is approximately 20% upside in the rents.
PROPERTY LOCATION & SITE SURVEY
Conveniently located just 1.5 miles East of Lake Merritt and 4 blocks south of I-580 in Oakland CA, Bella Vista Gardens offers easy access to San Francisco and amenities such as Grand Lake Theater, Trader Joe’s, and Walgreens.
