600 51st Street

TeMEScal Distrcit oakland, CA

Sold - 2,412,475

Description

600 51st Street is a prestigious pride of ownership 11-unit asset located steps away from Temescal shopping center in Oakland, California and is situated on a parcel of land totaling 5,850 square feet. The subject property features a gross building area of approximately 7,778 square feet, offering its tenants beautifully designed, recently renovated, one-bedroom and one studio floor plans with generous storage space and parking.

600 51st Street is well-positioned in the heart of one of the Bay Area's most dynamic and desirable locations. The Temescal district, with historic neighborhoods, diverse cultural attractions, vibrant entertainment, shopping, and nightlife, Oakland is an exciting destination for business or pleasure. The subject property also offers renters close proximity to many of the nation's top tech employers including Pandora, Square, Blueshield, PG&E, Kaiser, and trip to San Francisco for Salesforce, Adobe, Levis, StubHub, Uber, Lyft, Twitter, LinkedIn, as well as many others.

The investment appeal of this asset is driven by the San Francisco Bay Area's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of The Temescal District. 600 51st Street presents an attractive choice for Oakland renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Highlights

10 Large One-Bedroom Units with One Studio on Corner Lot - Possible Two-Bedroom Conversion
Ideal Opportunity to Convert Units to Condos with the Current Unit Mix, Vacancies, and Separate Street Entrances
600 51st Street is Across the Street from Peet's Coffee, Walgreens, Restaurants Along Telegraph Avenue, Bars, and Retail Stores - Whole Foods Coming Soon
Owner Financing is an Option