150 11th Street is an 8-unit value-add apartment building located in Downtown Oakland, 3 blocks from Lake Merritt BART Station & 3 blocks from Lake Merritt shoreline. This 6,052 Sq. Ft. , 1907 vintage asset is comprised of an ideal unit mix of 1 X 1-bed, 1-bath unit and 7 X 2-bed, 1-bath units. The Property provides a unique opportunity to complete unit upgrades and take advantage of current market rate rents in Oakland, one of the most expensive rental markets in the United States. The property has also recently been repainted and a new fire alarm system has been installed. The current owner has applied for a capital improvement pass-through for these improvements that, upon approval from the City of Oakland, will provide additional revenue over the next 5-10 years.
- Listing Price $2,950,000
- Year Built 1907
- Lot Size 1,742 sqft
- Sqft 6,052
- Units 8
- Bedrooms 15
