Spacious Oakland Duplex with Additional Value Add

2730 Seminary Avenue, Oakland, CA

$879,900

Price

4.05%

Cap Rate

3,262 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
4.05%
Building Size
3,262 sqft
Lot Area
4,400 sqft
Units
2
Year Built
1924
Zoning
RD-2
Floors
2
Beds
6
Baths
3.5
Description

Exceptional investment opportunity! This spacious duplex stands as one of the largest available in the city, offering substantial rental upside and additional ADU potential. Each unit boasts an expansive floor plan with 3+ bedrooms. Recent ownership has undertaken extensive capital improvements, including but not limited to, roof, plumbing, sewer lateral, electrical, windows. One unit has been thoughtfully repaired prior to the tenant's occupancy, while the other unit currently operates at below market rent with a long-term tenant, presenting a chance to increase rental income through strategic updates. The property is separately metered. The lot space and existing exterior structure/garage hold promising potential for an ADU. Minimal landscaping maintenance required. With below market rent in one unit and the capability to develop an ADU, the possibilities for increased revenue and appreciation are substantial. Buyer to verify all.

Location
Gallery