2710-2726 Park Boulevard

Oakland, CA 94606

$3,745,000
Price
Beds
12,868 Sq. Ft.
$291 / Sq. Ft.
12,868
Sq. Ft.
$291
per Sq. Ft.

Description

Seize this rare mostly vacant opportunity for an exceptional investment. Instant income generation w/an excellent Retail Building currently leased to Mayflower Spa; has options for extending or for an owner-user space w/ great signage visibility; an ideal addition to your portfolio at a 6.25% - 8% cap or better. A Multi-Faceted multi-use building w/5 spacious commercial units (5 vacant) & 6 well-appointed 1BD/1BA residential apartments, in a desirable rental market (3 vacant); commercial spaces offer...Seize this rare mostly vacant opportunity for an exceptional investment. Instant income generation w/an excellent Retail Building currently leased to Mayflower Spa; has options for extending or for an owner-user space w/ great signage visibility; an ideal addition to your portfolio at a 6.25% - 8% cap or better. A Multi-Faceted multi-use building w/5 spacious commercial units (5 vacant) & 6 well-appointed 1BD/1BA residential apartments, in a desirable rental market (3 vacant); commercial spaces offer income potential for a variety of businesses; total interior is ~9,700 SF, ensuring ample room. The adjacent vacant land lot is poised to deliver substantial returns at ~ 3,000 SF; it's a fantastic opportunity for development or expansion, adding value; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Abundant Space: ~12,700 SF Total Lot, and Per Appraiser Total Building ~12,868 SF.

Listing Agent

  1. Carol Reen

    Carol Reen

    Listing Agent

    Compass

    DRE #01820082

    carol.reen@compass.com

    P: 415.728.6199

Property Details for 2710-2726 Park Boulevard

MLS City Name
OAKLAND
Building Type
Other
Garage Spaces
0
Parking Spaces
0
Cross Street
Spruce and 7th Ave

Location

Listing Courtesy of Compass, Carol Reen, DRE #01820082
Add your commute
LISTING UPDATED: 03/04/2024 07:28 PM

Property Details for 2710-2726 Park Boulevard

StatusActive
MLS #ML81918577
Days on Compass428
Taxes$19,300 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1950
Lot Size0.29 AC / 12,700 SF
CountyAlameda County

Location

Listing Courtesy of Compass, Carol Reen, DRE #01820082
Add your commute

Building Information for 2710-2726 Park Boulevard

Stories-Residences-Year Built1950Building Size-Lot Size0.29 AC / 12,700 SF

Payment Calculator

$22,046 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,438

Property Taxes

$1,608

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2710-2726 Park Boulevard

Features
Room Information
  • Kitchen: Oven Range
Features
  • Amenities: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile
  • Living SqFt: 12868
  • Pool: No
  • Security Features: Window Bars
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: None
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: No Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 12
  • Area Text: Oakland Zip Code 94606
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 2710-2726
  • Street Name: Park
  • Street Suffix: Boulevard
  • Area ID: 2606
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 12868
  • Structure SqFt Source: Other
  • Age: 73
Development Information
  • Ownership Type: Trust
  • Zoning Detail: RU-5
Location Information
  • Parcel Number: 022-0339-015
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94606
  • Elementary School District: 1686
  • High School District Text: Oakland Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .29
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $19,300
  • Capitalization Rate: 4.50
  • Tenant Expenses: Rent Only
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,000
  • Expense Landscape: $100
  • Expense Maintenance: $0
  • Expense Management: $353
  • Expense Trash: $1,132
  • Expenses Other: $100
  • Expenses Utility: $870
  • Expenses Total: $24,855
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - On-Site Manager, Services - Sewer, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 19.38
  • Income Annual Gross: $193,200
  • Income Annual Rental: $193,200
  • Income Gross Scheduled: $193,200
  • Income Other: $0
Unit 1 Information
  • Unit 1 Rent: $0
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Listing Info
Rental Info
  • Lease Type: Net

Property History for 2710-2726 Park Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2710-2726 Park Boulevard

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 - 6 to 12
Rating
School
Distance
Bella Vista Elementary School
PublicK to 5

Edna Brewer Middle School
Public6 to 8

Oakland 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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2710-2726 Park Boulevard is a multi-family home for sale in Oakland, CA 94606. This property was listed for sale on February 10, 2023 by Compass, it's currently listed at $3,745,000. This listing's school district is Oakland Unified School District. Nearby schools include Bella Vista Elementary School, Edna Brewer Middle School and Oakland High School. 2710-2726 Park Boulevard is a 0-bed, 0-bath, 12,868 sqft multi-family home built in 1950.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Carol Reen, DRE #01820082

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.