1520 1st Avenue

1520 1st Ave is conveniently located in Downtown Oakland providing easy access to Lake Merritt, numerous BART Stations, and major interstates such as Hwy 80 and Hwy 580 making for seamless travel throughout the San Francisco Bay Area. Residents can enjoy amenities in Uptown, Downtown, and Lake Merritt, with nearby healthcare facilities such as Sutter Health and Kaiser Permanente less than 10 minutes away from the property.Berkshire Hathaway Commercial Property Group proudly presents 1520 1st Ave, Oakland, CA—an exceptional 8-unit multifamily property ideally situated in Downtown Oakland, steps away from the Lake Merritt. This property boasts a diverse mix of units, comprising (3) 2-bedroom, 1-bathroom residences, (3) spacious 1-bedroom, 1-bathroom units, and (2) generous studio apartments with 1 bathroom each. Upon acquisition, the property offers the flexibility of delivering up to 7 out of 8 units vacant at the close of escrow, providing immediate opportunities for renovations or leasing at market value. Moreover, the property presents promising potential for further development, with the possibility of constructing an Additional Dwelling Unit (ADU) and an onsite laundry room, catering to tenant needs and enhancing property value. This is a great opportunity to acquire a lucrative asset in a great location.