515 East 11th Street
$745,000
—
3,181
3,181
$234
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.
- Listed by Steven Pinza • DRE #01867691 • The Pinza Group, Inc
Property Details for 515 East 11th Street
City
OAKLAND
Building Type5 or More Units
Property Sub Type5 or More Units
Garage/ParkingOther
Total # Parking Spaces3
LISTING UPDATED: 08/23/2024 01:19 AM
Property Details for 515 East 11th Street
Status | Active |
---|---|
MLS # | 41070061 |
Days on Compass | 127 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1906 |
Lot Size | 0.09 AC / 4,000 SF |
County | Alameda 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
Property History for 515 East 11th Street
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 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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