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$ 699,000
Est. payment | /mo
6,499 Sqft Lot
$ 699,000
Est. payment | /mo
6,499 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82041567
HOA Y/N No
Year Built 1919
Annual Tax Amount $8,933
Lot Size 6,499 Sqft
Property Description
348-352 Jayne Avenue presents a well-located multifamily investment opportunity in Oakland's highly desirable Adams Point neighborhood, known for strong rental demand and proximity to key lifestyle amenities. Just moments from Lake Merritt, the property offers easy access to outdoor recreation, dining, retail (including Whole Foods), Interstate 580, and Downtown Oakland (approximately 1.5 miles away). The property consists of a two-story, five-unit apartment building totaling approximately 2,884 square feet on a 0.15-acre lot. The unit mix includes four one-bedroom/one-bathroom units and one studio, appealing to a broad tenant base. A standout feature is one vacant unit, providing immediate upside for renovation and lease at market rents, allowing for day-one income growth. Additional income potential comes from a detached rear garage (ideal for parking or storage) and an on-site basement laundry area with one washer and dryer. With its prime location, in-place income, and value-add potential, 348-352 Jayne Avenue offers investors a compelling opportunity for stable cash flow and long-term appreciation in one of Oakland's most sought-after neighborhoods.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning R-70
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Composition,Flat,Shingle
Total Parking Spaces 2
Schools
School District Other
Others
Tax ID 0100787023
Special Listing Condition Standard
Listed by Ray Rodriguez Compass #01999734
NEARBY SCHOOL & BUSINESS
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