320 Peralta St Oakland, CA 94607

Property Details for 320 Peralta St

Year built

1910

Property size

1,928 SF

Property type

Commercial real estate

APN

004 010702800

Description

This exceptional two-unit apartment building, located at 320 Peralta Street in Oakland, California, presents a unique owner-user opportunity or a strong income-generating investment. The property boasts a charming 1910 Victorian-era building with a spacious, updated top-floor owner's unit featuring three bedrooms, two bathrooms, a large kitchen with granite countertops and modern appliances, and a private backyard. The unit offers high ceilings, tall windows, and ample living space. The lower unit, currently occupied at 50% occupancy, also comprises three bedrooms and two bathrooms, providing consistent rental income. The building sits on a 2,613 square foot lot and totals 1,928 square feet. A one-car parking pad is included. The property is conveniently located just three blocks from BART, major bus routes, and freeways (880, 980, 580, 80, and the Bay Bridge), offering easy commutes to Downtown Oakland, San Francisco, and Oakland Airport. Its proximity to Old Town Oakland ensures access to dining, shopping, and entertainment. The property is zoned RM-2 and offers significant potential for various uses, including owner-occupancy, income generation, or as a 1031 exchange property. The asking price is $724,900, with a current NOI of $1,776 and a cap rate of 0.24%. The Alameda County Assessor's Parcel Number (APN) is 004 010702800.