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Listing 1 out of 2
$1,195,000 For Sale

515 Sycamore Street
Oakland, CA 94612

4 units | Multi Family Home
3920 sq ft - MLS# ML81734890
Property Photo
1/19

Description

Property shall be delivered VACANT at close of escrow! Previously used as a 4-unit building, the possibilities for this property are endless. This stately building in the Uptown neighborhood could continue generating income as a fourplex or could quickly be upgraded to a 5-unit per advice of contractor and architect. Current owners have also begun the entitlement process to bring it to its highest and best use 11 units. Incredible development opportunity in one of Oaklands trendiest neighborhoods. This opportunity can suit anyone. Low down payment financing available for owner-occupiers. Cash-flow property is perfect for investors. Entitlements pave the way for developers. Seller financing would be considered. Come check it out and explore it for yourself. Three of the units have well-designed layouts with oversized bedrooms. The other unit is a newly updated studio. City views from the top floor. Large back yard is ready to be converted into an urban oasis.

Features

  • Property Type: Multi Family Home
  • Sub Type: FOURPLEX
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94612
  • Year Built: 1901
  • Age: 118
  • High School: Oakland (510) 879-8111
  • Units: 4 units
  • Lot Size: 3920 sq ft
  • Zoning: RU-3
  • Annual Gross Sched Income: $136,512
  • Annual Rental Inc: 136512
  • Cooling: No Air Conditioning
  • Elementary School Distric: Oakland (510) 879-8111
  • Existing Lease Terms: Building Vacant
  • Heating: No Heat
  • Lot Sq Ft Apx: 4000
  • Net Operating Income: $100,258
  • Operating Expenses: Vacancy Factor
  • Park Spc Tot: 3
  • Unit 1: 2-Bedrooms
  • Unit 2: 2-Bedrooms
  • Unit 3: 2-Bedrooms
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Minngo, Ryan Landis

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Testimonials

Roy Benford is a brilliant real estate agent who has an uncanny knowledge of the Bay Area market. I have benefited from his real estate advice and recommended him to clients. Roy is also a principled and dedicated leader who would be a valuable asset for any client or organization lucky enough to have him. I've worked closely with Roy for several years on an interfaith non-profit organization board of directors of which he was President, and on several political campaigns over a period of more than a decade. I'd highly recommend hiring Roy. He is terrific! Joel F.
Roy is a community-oriented broker who uses his experience to not only help his clients cut through red tape to get a square deal, but is passionate about topics of neighborhood stability and homeownership. If you get Roy as your real estate specialist, you will be fortunate you did. He is experienced, passionate about the work, and compassionate when it comes to his clients! Igor Tregub
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Roy Benford | Benford & Associates LLC. | 510-860-6008 | roy@benfordproperties.com
Copyright © 2017. Roy Benford, All Rights Reserved

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