Remarks

Tucked away in Upper Laurel, just southwest of Crestmont, is an investment opportunity that’s laden with income ($15,300/month) and dripping in future growth potential: Oakland’s 3819 Maybelle Avenue. This is a large (7,585 sq. ft.), five-unit building (5, 3BR/1.5BA) sitting on a massive 12,800 sq. ft. lot. Each unit is separately metered and in excess of 1,500 sq. ft., following a two-story, townhouse-style layout that includes formal living and dining rooms. Built in 2005, this construction is new enough that 3819 Maybelle Avenue is exempt from rent control—a rare advantage for owners. Shopping and dining options along nearby MacArthur Boulevard make this area popular with renters, as do easy freeway (I-580) and highway access (CA-13). Asking only $1.9MM ($250 sq. ft.), this is an exceptionally unique investment opportunity at a very competitive price.

Details

MLS#: 41059103
Price: $1,900,000

Style: 5 or More Units
Sq Ft: 7585
Year Built: 2005

County: Alameda
Subdivision: UPPER LAUREL