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$ 498,000
Est. payment /mo
Open Thu 11AM-1PM
402 E 10Th St Oakland, CA 94606
2,805 Sqft Lot
Open House
Thu Jun 25, 11:00am - 1:00pm
Sat Jun 27, 11:00am - 1:00pm
Sun Jun 28, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Lake Merritt
MLS Listing ID 41138643
HOA Y/N No
Year Built 1900
Lot Size 2,805 Sqft
Property Sub-Type Quadruplex
Property Description
This c. 1900 building has spent over a century on East 10th Street watching the neighborhood change around it, and right now it sits directly across from 16,000 Laney College students and nine minutes on foot from Lake Merritt BART. Four 1BD/1BA units, all individually gas-metered, with in-place income of $53,904 against an estimated market of $86,400 — a 60% gap built from three long-tenured month-to-month tenants whose rents have simply never caught up, and a fourth unit sitting vacant and available today. New roof in April 2024, refreshed interiors in several units, and owner-paid utility costs that ran $135 last year. At $498,000 — $182 per square foot, $124,500 per door — the work is priced in and the upside is waiting.
Location
State CA
County Alameda
Zoning HBX-2
Interior
Heating None
Flooring Tile, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Garage
Roof Type Shingle
Total Parking Spaces 2
Building
Lot Description Corner Lot, Front Yard, Street Level
Others
Tax ID 19229
Listed by Joey Wang Keller Williams Realty #01890931
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