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2417 Ivy Dr

Oakland, CA 94606
  • $1,400,000
  • STATUS: Active Under Contract
  • ON SITE: 31 Days
  • ID#: EB41062486
Under Contract
UPDATED: 114 min ago
$1,400,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:
Area:

School Ratings & Info

Listing provided courtesy of Joshua Silverman of Real Brokerage Technologies: (510) 292-8160.

Description

TRANSPARENT PRICING! Welcome to 2417 Ivy Drive, a classic 1940s five-unit building with a ton of charm and period details located in Oakland's Ivy Hill close to Lake Merritt. This three-story well-maintained building consists of five large residential units (830 average SF per unit) over a laundry room and basement area approved (but expired) for a sixth unit expansion. All five units feature hardwood floors and are tenant-occupied, and in addition to the approved sixth unit within the building's envelope a feasibility study states that two ADUs can potentially be built in the large backyard to extend this property to eight units total. All units are 2BD/1BA with living rooms and separate dining areas. Gross monthly rent is $10,611. LOW price per unit ($280,000/unit) and square foot ($337/SF) with accompanying 18% upside in rents (current cap rate 5.14%). Units are separately metered for PG&E. The location can't be beat - no car is necessary here with a walk score of 86. 1.5 miles to Lake Merritt BART; a little over a half mile to Lucky supermarket and beautiful Lake Merritt; and easy access to all the popular bars, restaurants and venues of Downtown, Uptown and the Grand Lake Ave/Lakeshore Ave district.

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-07-15T11:52:04.73. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Bay Area Estates or Keller Williams Roseville.

Licensed in the State of California.
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2417 Ivy Dr Oakland, CA 94606

  • Price: $1,400,000
  • Status: Active Under Contract
  • On Site: 31 Days
  • Updated: 114 min ago
  • ID#: EB41062486
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1941
Built
Neighborhood:
Ivy Hill
County:
Alameda
Area:
Other Area
Property Description
TRANSPARENT PRICING! Welcome to 2417 Ivy Drive, a classic 1940s five-unit building with a ton of charm and period details located in Oakland's Ivy Hill close to Lake Merritt. This three-story well-maintained building consists of five large residential units (830 average SF per unit) over a laundry room and basement area approved (but expired) for a sixth unit expansion. All five units feature hardwood floors and are tenant-occupied, and in addition to the approved sixth unit within the building's envelope a feasibility study states that two ADUs can potentially be built in the large backyard to extend this property to eight units total. All units are 2BD/1BA with living rooms and separate dining areas. Gross monthly rent is $10,611. LOW price per unit ($280,000/unit) and square foot ($337/SF) with accompanying 18% upside in rents (current cap rate 5.14%). Units are separately metered for PG&E. The location can't be beat - no car is necessary here with a walk score of 86. 1.5 miles to Lake Merritt BART; a little over a half mile to Lucky supermarket and beautiful Lake Merritt; and easy access to all the popular bars, restaurants and venues of Downtown, Uptown and the Grand Lake Ave/Lakeshore Ave district.
Exterior Features

Exterior Stucco Garage Parking Attached GarageEnclosedParking Area Lot Description Grade - Sloped Down Parking Spaces 4 Roof Tar and Gravel Units In Complex Max 5 View Downtown Yard Grounds Garden

Interior Features

Additional Rooms Basement - Unfinished Baths Unit1 1.00 Baths Unit2 1.00 Baths Unit3 1.00 Baths Unit4 1.00 Beds Unit1 2 Beds Unit2 2 Beds Unit3 2 Beds Unit4 2 Cooling Other Flooring TileVinylHardwood Heating GasElectric Laundry In BasementIn Laundry RoomWasherWasher/Dryer - LeasedCommunity FacilityDryer Sq Ft Unit1 863 Sq Ft Unit2 863 Sq Ft Unit3 863 Sq Ft Unit4 863 Structure Sq Ft 4152

Property Features

Additional Listing Info ContingentNot Applicable Amenities Window Covering(s) City Name OAKLAND Communications Intercom Cross Street 7th Avvenue Hoa YN No Lot Size Area Maximum 6406.00 Meters Separate ElectricSeparate Gas Rent Unit3 2500 Sewer Septic Sewer - Public Water PublicHeater - Gas Zoning RU-2

Listing provided courtesy of Joshua Silverman of Real Brokerage Technologies: (510) 292-8160.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-07-15T11:52:04.73. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Bay Area Estates or Keller Williams Roseville.

Licensed in the State of California.
Website powered by BoomTown.
 
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Keller Williams Bay Area Estates or Keller Williams Roseville
16780-A Lark Ave
Los Gatos CA, 95032

Listing provided courtesy of Joshua Silverman of Real Brokerage Technologies: (510) 292-8160.

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