KW Commercial is pleased to be retained as the exclusive broker for 1634 23rd Ave, seven (7) studio unit multi-family property nestled in the Tuxedo neighborhood of Oakland. The asset presents an exceptional opportunity for investors seeking to capitalize on relatively low cost of entry as well as significant upside in market rents. The lot is approx. 7,200 SF with approx. 2,950 SF of living space. Built in 1924, 1634 23rd Ave is two structures separated by a common driveway. Both structures are built of wood frame construction and stucco exterior. Heat is provided to the units via gas wall heaters. The age of the roof is unknown. The galley kitchens consist of a refrigerator, a gas stove, tile or granite countertops (renovated units) and wood cabinetry. The flooring throughout the units is either tile or Pergo (renovated units). There is ample closet space. On-site parking is available for each of the seven (7) units.
Courtesy of Nathaniel Reinke, KW Advisors East Bay
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All information furnished regarding property for sale, rental, comparables or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice.
