Eastlake Commons, Oakland, CA
Sale Price $1,995,000 RBA 5,628 Units 6
---THIS PROPERTY IS OFF MARKET---
1639 4th Ave Oakland from The 3D Pros on Vimeo.
Eastlake Commons is a stately 6-unit wood frame stucco building located just .5 miles from Lake Merritt in Oakland, California. The property has six nearly identical 2 bedroom/1 bath units, some with unobstructed views of Lake Merritt and downtown Oakland. The spacious units are flooded with natural light and offer ample space for a home office for 2 or more workers.
Original 1920’s period detailing adorns the 3 floors of living space while an expansive basement with good ceiling height, individual storage lockers, washer/dryer hookups, and 2 garages comprise the ground floor. Directly to the east of the building is an attached 2400/Sqft parking area suitable for an ADU or other development possibilities. Hardwood floors are throughout each unit and a completely new 400 amp electric service main and sub-panels have recently been completed.
PROPERTY LOCATION & SITE SURVEY
Centrally located on the bustling and highly-sought-after Eastern edge of Lake Merritt in thriving Oakland, California. Eastlake is home to the famous Tacos Mi Rancho taco truck, and a short walk to Lake Merritt BART, Oakland Museum, Lucky, and many restaurants and bars. The subject property offers tenants convent access to both the 580 and 880 freeways with access to San Francisco and Silicon Valley. This is truly a first-rate location, walking distance to multiple amenities. Oakland Athletics Fans! The planned ballpark is currently an 8 minute Uber trip. AC Transit’s brand new rapid transit line coined “Tempo” has a brand new bus stop just three blocks away.
FEATURES
Unobstructed City Views
14 Car Parking Lot Included
3 Vacant Units
New Electric Service in All Units
2 Garages and Full Basement
CAPITAL IMPROVEMENT LIST
New electric service, new fire alarm system. An expired permit was issued for curb cut on 4th Ave to provide parking access.