Christopher Danesi at RE/MAX Accord
East Bay Condo ManiaMLS: 41077995 $3,500,000
Bedrooms with Baths5470 CAMDEN
OAKLAND CA 94619MLS: 41077995
Status: ACTIVE
List Price: $3,500,000
Price per SQFT: $470
Square Footage: 7450Bedrooms
Baths
Year Built: 1958
Zip Code: 94619
Listing Remarks
This 10,150 SF multifamily property, built in 1957, presents a lucrative opportunity for investors seeking solid returns. Featuring 15 units—10 1-bedroom, 1-bathroom units, 3 studios, and 2 2-bedroom, 1-bathroom units—the property provides a well balanced unit mix that appeals to a broad tenant base. Zoned R50 also offers flexibility for future development or expansion, enhancing its long-term value. Located in a highly desirable Oakland area, this asset is strategically positioned less than 5 minutes from Northeastern University and Mills College, with easy access to Highways 580 and 880. Its close proximity to Oakland International Airport and other key amenities further increases tenant demand, making it a strong rental market performer. The property is separately metered for PG&E utilities, features on-site parking, and has undergone a full seismic retrofit, ensuring modern infrastructure and reduced future capital expenditures. With potential for rent growth through tenant turnover, the property offers significant upside for value-add investors. This multifamily property combines immediate cash flow potential with strong prospects for future appreciation, making it a prime investment in Oakland's growing real estate market.
Address: 5470 CAMDEN OAKLAND CA 94619
Listing Courtesy of MATTHEW RULLODA of BHHS DRYSDALE PROPERTIES
Condo Mania Agent
Chris Danesi
RE/MAX Accord
DRE #01777489
Phone: 925.998.7426
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2024-11-01 LIVING AREA SQ FT: 7450 BUILDING AREA TOTAL: 7450 YEAR BUILT: 1958 CONSTRUCTION: Other COMMUNITY FEATURES: Other FLOORING: Other HEATING: Other COOLING: Other LOT FEATURES: Corner Lot PARKING FEATURES: Covered PROPERTY TYPE: Commercial Sale PROPERTY SUB TYPE: Lowrise (1-3 Flrs) ROOF: Other LISTING AGENT: MATTHEW RULLODA LISTING OFFICE: BHHS DRYSDALE PROPERTIES
Estimated Monthly Payments
List Price: $3,500,000 20% Down Payment: $700,000 Loan Amount: $2,800,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $17,698 Estimate does not include taxes, fees, insurance.
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Property Location: 5470 CAMDEN OAKLAND CA 94619
This Listing
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Condo Mania Agent
Chris Danesi
RE/MAX Accord
DRE #01777489
Phone: 925.998.7426
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Last Updated: 2024-11-14