2712-2726 Park Blvd Oakland, CA 94606
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High-yield Oakland property, 75% vacant.
Property size:
10,943 SFProperty Features for 2712-2726 Park Blvd
General Information
- Property type
- Mixed-use properties
- Square Feet
- 10,943 SF
- Class
- C
Building Details
- Year Built
- 1950
- Buildings
- 1
- Stories
- 2
- Units
- 11
Listing Agency: COMPASS Listing Agent: Carol Reen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use investment opportunity in Oakland, CA, presents a compelling case for immediate action. Located at 2712-2726 Park Blvd, this property boasts a total lot size of approximately 10,000 square feet, encompassing a two-story, 10,943 square foot building and an adjacent 3,000 square foot vacant lot. The building, constructed in 1950, features 11 units: six one-bedroom, one-bathroom residential apartments (three currently vacant) and five vacant commercial units totaling approximately 9,700 square feet of net rentable space. Currently operating at 30% occupancy, the property generates a net operating income (NOI) of $18,000, yielding a 6.25% cap rate at an asking price of $3,090,000 ($282.37 per square foot). The RU-5 zoning allows for flexible development options, including increased building height, making this a highly versatile investment. The property's prime location in the vibrant Ivy Hill neighborhood offers excellent frontage and significant potential for increased rental income through lease-up of vacant units and strategic redevelopment of the existing building and adjacent vacant lot, previously used as parking. This multi-faceted property offers a unique blend of residential and commercial potential, making it an ideal investment for both seasoned and emerging investors seeking substantial returns.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2411467
- Latitude
- 37.8021461
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FAQs
What type of property is this?
Mixed-use property - High-yield Oakland property, 75% vacant.
Where is this mixed-use property located?
The property is located at 2712-2726 Park Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $3,090,000.
What are key features of this property?
This property features: Mixed-use building with 5 vacant commercial units (approx. 9,700 SF) and 6 residential units (3 vacant, 1 bed/1 bath each) in Oakland, CA. High rental income potential.; Adjacent 3,000 SF vacant lot, previously used for parking, ideal for expansion or development.; RU-5 zoning allows for flexible development options, including increased building height.
