481 Wickson Avenue
$1,295,000
—
4,605
4,605
$281
Open: 11/23 01:00PM - 03:00PM
New
Description
An exceptional investment opportunity in the highly sought-after Grand Lake area, just behind the iconic Grand Lake Theater. This two-story, 5-unit apartment building features a front structure built in 1943, with a rear addition built later, providing a total of +/-4,605 square feet of living space. The unit mix includes (4) 2-bedroom/1-bath units & (1) 1 bedroom/1-bath unit. In a vibrant neighborhood with increasing property values & strong demand for housing, this is a prime opportunity for investors....An exceptional investment opportunity in the highly sought-after Grand Lake area, just behind the iconic Grand Lake Theater. This two-story, 5-unit apartment building features a front structure built in 1943, with a rear addition built later, providing a total of +/-4,605 square feet of living space. The unit mix includes (4) 2-bedroom/1-bath units & (1) 1 bedroom/1-bath unit. In a vibrant neighborhood with increasing property values & strong demand for housing, this is a prime opportunity for investors. $76,488/annually (+/-4.725% cap rate, +/-16.93 GRM). Vacant 2bd/1ba offers significant rental upside $105,960 +/-annually (+/-6.54% cap rate, +/-12.22 GRM). Add value opportunity with potential projected rental income of $153,600+/-annually (+/-9.35% cap rate, +/-8.56 GRM). (5) Gas meters, (4) Electric meters, (4) Water meters, (5) Off-street parking spaces. Situated between Grand Ave and Lakeshore Ave, join friends for brunch at one of the many diverse eateries or catch the latest movie from the iconic Grand Lake Theater or gather your organic produce every Saturday morning at the farmer’s market. Enjoy the Lake Merritt vibe and get in your daily exercise along the lakefront with a WalkScore of 97. Located near BART, downtown Oak-SF, casual carpool & major freeways.
- Listed by Giuseppe Zumbo • DRE #01753412 • Corcoran Icon Properties
Property Details for 481 Wickson Avenue
City
OAKLAND
Building Type5 or More Units
Property Sub Type5 or More Units
Garage/ParkingSpaces per Unit - 1, Off-Site Parking
Total # Parking Spaces5
Open Houses
Saturday, Nov 23rd
1:00 PM - 3:00 PM
LISTING UPDATED: 11/20/2024 02:19 PM
Property Details for 481 Wickson Avenue
Status | New |
---|---|
MLS # | 41079321 |
Days on Compass | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1943 |
Lot Size | 0.11 AC / 5,000 SF |
County | Alameda County |
Building Information for 481 Wickson Avenue
Stories-Residences5Year Built1943Building Size-Lot Size0.11 AC / 5,000 SF
Property Information for 481 Wickson Avenue
Property History for 481 Wickson Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 481 Wickson Avenue
Taxable ValueLand$68,986Additions$69,227Total$138,213
Tax Record2024$6,423 ($535 / month)
Home Facts
Total Finished SqFt4,605 SqFtAbove Grade Finished SqFt4,605 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1943CountyALAMEDAAPN11-837-61
Schools near 481 Wickson Avenue
This home is within Oakland Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Cleveland Elementary School PublicK to 5 | ||
Westlake Middle School Public6 to 8 | ||
Oakland Technical High School Public9 to 12 | ||
AIMS College Prep High Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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