612 14Th StOakland, CA 94612

Property Details for 612 14Th St

Year built

1895

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

3,526 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

3-71-20

APU

37120

Description

This exceptional mixed-use property at 612 14th Street in Oakland, California presents a compelling investment opportunity. Spanning 3,526 square feet on a 0.06-acre lot, the building comprises five income-generating units. The ground floor boasts a fully built-out restaurant space, ready for immediate occupancy. Included with the restaurant space is select equipment, providing a turnkey solution for a new business or an expansion opportunity in Oakland's thriving downtown core. The upper floors house four residential units: two one-bedroom apartments and two studio apartments. These units are designed for comfortable living and cater to the strong demand for housing in this vibrant location. The property's prime downtown Oakland location offers easy access to public transportation, numerous amenities, and a bustling urban environment. The combination of a thriving restaurant space and well-maintained residential units makes this a highly attractive investment, offering a diverse income stream and significant potential for future growth. The asking price is $899,000. This is a rare chance to acquire a well-positioned mixed-use property in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,294,240

  6.5%

  $1,194,684

  7%

  $1,109,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,181,006

  Geo Method

  $983,437

• Alternative Use

  Use

  Valuation

  Residential

  $1,481,408

  Hospitality

  $1,356,961

  Educational

  $1,128,976

  Medical

  $1,167,803

  Retail

  $1,756,185

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8061

Longitude

-122.275

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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