Christopher Danesi at RE/MAX Accord
MLS: 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
Request More Information
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.
Request More Information
Property Location: 5470 CAMDEN OAKLAND CA 94619
This Listing Active Listings Nearby
Condo Mania Agent
Chris Danesi
RE/MAX Accord
DRE #01777489
Phone: 925.998.7426
Search Listings
The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.
Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.
Last Updated: 2024-11-20