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412 Monte Vista Ave , Oakland , CA 94611; Multifamily Properties For Sale; A-1 in Alameda County

412 Monte Vista Ave , Oakland , CA   94611; Multifamily Properties For Sale; A-1 in Alameda County




Price:  $3,800,000
No. Units:  14
Building Size:  11,241 SF
Lot Size:  0.39 AC
Property Type:  Multifamily
Property Sub-type:  Garden/Low-Rise
Status:  Active


Property Description

NAI Northern California is pleased to present the opportunity to acquire 412 Monte Vista, a recently re-developed historical property into 14 residential units. The property consists six studio and eight 1-bedroom 1-bathroom units with a separate storage space in the basement and one exterior parking space for each unit. Many of the units offer views of Piedmont and the Oakland and Berkeley Hills. The entire project complied with all local and State building codes and meets ADA requirements. The property is not subject to Oakland’ s Rent Control Ordinance. This unique property still retains much of the original exterior and interior character and details. It is truly a gem and a must see. Built in 1908 for local Tycoon William H Johnson and designed by prominent architect Walter J Matthews, this is one of the last remaining mansions in the area formally known as Millionaire Hill . The property carries a B+ Historical Rating from the City of Oakland and is an ideal candidate for a landmark property.

Location Description

The Property is ideally located in the Piedmont Ave neighborhood of Oakland, one of the East Bay’ s strongest rental markets, and situated directly on the border of Piedmont. Kaiser, one of Oakland’ s largest employers, is nearing completion an 879,000 Sq Ft Hospital and Medical Office Building less than a mile away. The property is centrally located with convenient access to Downtown Oakland and downtown San Francisco, MacArthur BART, Casual Car Pool, the 580 Freeway as well as shops, businesses, restaurants and other services. This particular section appeals to a broad tenant base due to close proximity both the Grand Lakeshore and Piedmont Ave Business Districts.





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