1148 18th St Oakland, CA 94606-3800

This unique 21-unit apartment building, formerly an AT&T switching station and later a bakery, offers a compelling investment opportunity in Oakland, CA. Converted in 2009, the property features 20 live/work lofts and 1 commercial loft, ranging from 1,018 to 2,600 square feet. The building boasts a desirable location in the Clinton neighborhood, southeast of Lake Merritt, with a Walkscore of 86, providing tenants easy access to parks, public transportation, and local amenities. The property benefits from being exempt from local rent control and features separately metered gas and electric, with utility reimbursements to the owner via RUBS. The building's brick and timber design, along with its spacious units, are key selling points. The proximity to the expanding Brooklyn Basin development, adding 200,000 square feet of commercial space, further enhances the property's appeal. Offered at $6,500,000, this represents a rare opportunity to acquire a distinctive property at under $200 per square foot. The address is 1148 E 18th St, Oakland, CA 94606.