515 East 11th Street

Oakland, CA 94606

$745,000
Price
Beds
3,181 Sq. Ft.
$234 / Sq. Ft.
3,181
Sq. Ft.
$234
per Sq. Ft.

Description

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 515 E 11th St, a distinguished five-plex in Oakland's sought-after Merritt neighborhood. The property offers three expansive studios and two 2bd/1bth units. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The one studio unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and...www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 515 E 11th St, a distinguished five-plex in Oakland's sought-after Merritt neighborhood. The property offers three expansive studios and two 2bd/1bth units. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The one studio unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. The current rental rates, set at approximately 40% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. This property stands as an excellent investment avenue with a clear upside for growth, suitable for both established investors and those seeking an owner-occupied investment. Current GRM 9.32; Market GRM 6.02; Email agent on property website for more info.
  1. Listed by Steven Pinza • DRE #01867691 • The Pinza Group, Inc

Property Details for 515 East 11th Street

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Other
Total # Parking Spaces
3
LISTING UPDATED: 08/23/2024 01:19 AM

Property Details for 515 East 11th Street

StatusActive
MLS #41070061
Days on Compass97
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1906
Lot Size0.09 AC / 4,000 SF
CountyAlameda County

Building Information for 515 East 11th Street

Stories-Residences5Year Built1906Building Size-Lot Size0.09 AC / 4,000 SF

Property Information for 515 East 11th Street

Features
Feature Details
  • Flooring: Other
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other
  • Lot Description: Other
  • Lot Sq Ft Apx: 4000
  • Lot Size Square Feet: 4000.0
  • Roof: Other
  • Sq Ft Apx: 3181
  • Year Built: 1906
Location Details
  • Directions to Property: Google Maps
  • FIPS Code: 06001
  • Census Tract: 4060
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
  • Street Direction: E
Multi Family Information
General Details
  • Units Total: 5
  • Basement: Other
  • Tenant Pays: Other
  • Financial Data Source: Other
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Other
Other Financial Information
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 515 East 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 515 East 11th Street

Taxable ValueLand$265,106Additions$324,018Total$589,124
Tax Record2024$15,019 ($1,252 / month)
Home Facts
Total Finished SqFt3,181 SqFtAbove Grade Finished SqFt3,181 SqFtStories2Lot Size4,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1906Year Renovated1970CountyALAMEDAAPN19-21-2

Schools near 515 East 11th Street

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
Public - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland High School
Public9 to 12

Metwest High School
Public9 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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515 East 11th Street is a multi-family home for sale in Oakland, CA 94606. This property was listed for sale on August 16, 2024 by The Pinza Group, Inc, it's currently listed at $745,000. This listing's school district is Oakland Unified School District. Nearby schools include Franklin Elementary School, Westlake Middle School and Oakland High School. 515 East 11th Street is a 0-bed, 0-bath, 3,181 sqft multi-family home built in 1906.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Pinza Group, Inc, Steven Pinza, DRE #01867691

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.