A doge is an elected chief of state lordship, the ruler of the Republic in many of the Italian city states during the medieval and renaissance periods, in the Italian "crowned republics".
The word is from a Venetian word that descends from the Latin dux (as do the English duke and the standard Italian duce and duca), meaning "leader", especially in a military context. The wife of a doge is styled a dogaressa. [1]
Property Description:
The BART Garden Apartments is a two-story, wood frame, 8-unit structure built in 1918. This substantially renovated garden-style building has undergone extensive renovation over the past six years, including new kitchens and baths, windows, and a new seismically engineered concrete foundation. The property has been professionally managed, has a fantastic tenant profile, and very low maintenance costs. Please refer to the full list of capital improvements for more details.
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Highlights
FEATURES & CONDITIONS
The subject property has internal hallways that access 3 units on the main floor consisting of one studio, one 1-bedroom and one 2-bedroom unit. Upstairs there are two studios and two 1-bedroom units. Unit 4 has its own private entrance inside the fully gated and landscaped complex. Each of the 8 units has been renovated and all have their own in-unit washers and dryers. The interiors of the halls have updated flooring, paint, and LED lighting.
PROPERTY LOCATION
The subject property is located in a designated qualified opportunity zone and centrally situated in a high-density urban infill location, steps from Fruitvale Transit Village, a model showcase of retail, housing, and public transportation. This property is directly in the path of progress. Office space on this same block has been leased by Google, and the newly built TEMPO Rapid Bus Line, a block away from the property on International Blvd, connects Fruitvale to Downtown Oakland and San Leandro. Ale Industries Brewery and Taproom and Red Bay Coffee’s main roastery have locations on the adjacent block, as well as Michelin-rated restaurant Nyum Bai. The property is a short drive across the bridge to Alameda’s Park Street eateries and shops, as well as Alameda’s beaches. The BART Garden Apartments are poised to appreciate into the foreseeable future, benefiting from the continued economic recovery and companies bringing workers back to the office.
PARTIAL CAPITAL IMPROVEMENT LIST
Renovation of all 8 units, 5 of which have been torn down to the studs. Renovations include; new sub panels and electric wiring, copper plumbing, double pane windows, new cabinets and countertops, appliances, fixtures, tile, tubs, toilets, and flooring. The foundation was engineered and seismically retrofitted within approximately the last 6 years. There is a new sump pump, curb wall, and drainage and irrigation system. Approximate cost of all CapEx over the past 6 years: $590,000.
THE OPPORTUNITY
The subject property offers a new owner the financial advantages of a designated qualified opportunity zone in one of the hottest real estate markets worldwide. Oakland is rapidly globalizing due to the expansion of the international airport and container port. For the past few years, Oakland has consistently ranked in the top 5 for appreciation and rent growth within the U.S. Oakland has an extremely diverse job market and a lack of workforce housing that should continue to ensure high rent demand and appreciation in this sub market.
3210 San Leandro St., Oakland, CA 94601
$1,750,000
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