1244 2nd Avenue is a completely renovated 16 unit building consisting of 12 residential apartments, 3 live/work lofts and 1 commercial space.
Price: $5,395,000 GRM: 12.28
Price/Unit: $337,188 CAP Rate: 5.20%
Price/Sq.Ft: $452 Cash on Cash: 4.63%
- 2016 Building Certificate of Occupancy
- NO RENT CONTROL
- Structural Upgrades
- Income: $439,260 with Immediate Upside
Units: 16 Gross Sq.Ft.: 11,928 Lot Size: 4,320
Short Walk to Lake Merritt BART Station, 3 Blocks to Lake Merritt Pedestrian Bridge with access to Lake Merritt Amphitheater and Peralta Park, a short walk to Portal and Rockin’ Crawfish Restaurants & ACat Cafe Kalli.
1244 2nd Avenue
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