737 2Nd StOakland, CA 94607

Property Details for 737 2Nd St

Year built

1920

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

3,441 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

1-117-8

APU

11178

Description

This exceptional commercial property at 737 2nd Street #101, Oakland, CA presents a unique investment opportunity. The building, constructed in 1920 and thoughtfully renovated in 2000, offers 3,441 square feet of space within a single unit. Situated on a 0.4-acre lot in a desirable Oakland location, this property is ideally suited for office use or as an office building investment. Its historic character is complemented by modern functionality, creating a versatile space adaptable to a variety of business needs. The building's blend of classic architecture and contemporary upgrades ensures a comfortable and productive environment for tenants. The property's prime location within Oakland offers excellent access to transportation, amenities, and a thriving business community. This is a rare chance to acquire a well-maintained, historically significant commercial building with significant upside potential. The asking price is $699,500. This property represents a strong investment opportunity for those seeking a blend of historical character and modern functionality in a prime Oakland location. The substantial square footage and single-unit layout offer flexibility and ease of management. Don't miss this chance to secure a piece of Oakland's rich history and vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $2,045,880

  6.5%

  $1,888,500

  7%

  $1,753,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,047,970

  Geo Method

  $1,535,570

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $970,680

  Mixed-Use / Specialty

  $969,004

  Hospitality / Lodging

  $713,251

  Office

  $965,106

  Institutional / Educational

  $1,008,010

  Residential Income

  $1,179,370

  Multifamily

  $1,404,580

  Automotive / Energy

  $864,010

  Parking / Income-Based Land

  $296,396

  Restaurant / Food Service

  $507,795

  Healthcare / Senior Housing

  $991,866

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7983

Longitude

-122.283

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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