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$ 699,000
Est. payment | /mo
1 Bed
2 Baths
2,884 SqFt
$ 699,000
Est. payment | /mo
1 Bed
2 Baths
2,884 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,884 sqft
Price per Sqft $242
Lot Size 6,500 Sqft
MLS Listing ID ML82041567
Bedrooms 1
Full Baths 2
Property Description
348-352 Jayne Avenue presents a well-located multifamily investment opportunity in Oakland's highly desirable Adams Point neighborhood, known for strong rental demand and proximity to key lifestyle amenities. Just moments from Lake Merritt, the property offers easy access to outdoor recreation, dining, retail (including Whole Foods), Interstate 580, and Downtown Oakland (approximately 1.5 miles away). The property consists of a two-story, five-unit apartment building totaling approximately 2,884 square feet on a 0.15-acre lot. The unit mix includes four one-bedroom/one-bathroom units and one studio, appealing to a broad tenant base. A standout feature is one vacant unit, providing immediate upside for renovation and lease at market rents, allowing for day-one income growth. Additional income potential comes from a detached rear garage (ideal for parking or storage) and an on-site basement laundry area with one washer and dryer. With its prime location, in-place income, and value-add potential, 348-352 Jayne Avenue offers investors a compelling opportunity for stable cash flow and long-term appreciation in one of Oakland's most sought-after neighborhoods.
Location
State CA
County Alameda
Area Oakland Zip Code 94610
Zoning R-70
Interior
Heating Wall Furnace
Cooling Other
1-purchase type For Sale
Exterior
Garage Detached Garage, Uncovered Parking
Garage Spaces 1
Utilities Available Individual Electric Meters
Roof Type Composition,Flat / Low Pitch,Shingle
Building
Foundation Concrete Perimeter and Slab, Crawl Space
Sewer Sewer - Private
Water Private / Mutual
Others
Restrictions None
Tax ID 010-0787-023
Security Features Other
Special Sale Not Applicable
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Listed by Ray Rodriguez of Compass
Bought with Ray Rodriguez of Compass
Bought with Ray Rodriguez of Compass
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Robert Lucido
Advisor | yjnn 4444789