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

Mixed-use properties

Property subtype

Other industrial 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%

  $1,143,935

  6.5%

  $1,055,940

  7%

  $980,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,015,225

  Geo Method

  $1,487,580

• Alternative Use

  Use

  Valuation

  Residential

  $1,055,940

  Hospitality

  $967,235

  Educational

  $804,728

  Medical

  $832,404

  Retail

  $1,251,800

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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