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1009 Madison St Oakland, CA 94607

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For Sale
$2,250,000

Eight-unit Italianate building near Lake Merritt with upside potential.

Property size:
6,028 SF

Property Features for 1009 Madison St

General Information

Standard status
Active
Size
6,028 SF

Building Details

Year built
1870

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Listing Contact
Bruce Chambers
Source: Corcoran

Listing Agency: WESTERN MANAGEMENT PROPERTIES, INC Listing Agent: Bruce Chambers

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Oakland Multifamily Near Lake Merritt

This three-story Italianate building, comprising 8 units, is located blocks from Lake Merritt and downtown Oakland. Constructed in 1870, the building exhibits features characteristic of grand Bay Area residences of the period, including a flat roof with angled, overhanging eaves and cornices decorated with brackets, 8-foot tall narrow windows on the first floor, windows with decorative hoods, quoins extending from the ground to the roof, and ornate balconies. Beginning in 2002, the building underwent major renovations to meet California Building Codes. Due to these renovations, the property has a Certificate of Exemption from the City of Oakland Rent Adjustment Ordinance. Interior features include a grand entry and high ceilings ranging from 11 to 13 feet. The property includes 6 off-street parking spaces, a garden area, and a partial basement suitable for storage or a workshop. A shared laundry room is available, along with a separate laundry area for an owner's unit. The building has a total size of 6028 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Food Market Daycare Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Oakland
County
Alameda
State
California
Longitude
-122.2658913
Latitude
37.7991453

FAQs

What type of property is this?
Apartment building - Eight-unit Italianate building near Lake Merritt with upside potential.
Where is this apartment building located?
The property is located at 1009 Madison St Oakland, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: - Certificate of Exemption from Oakland Rent Adjustment Ordinance offers immediate upside potential.; - Prime location: Blocks from Lake Merritt and downtown Oakland.; - Eight units provide substantial income potential.
More about this property
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