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515 Sycamore Street, Oakland, CA 94612

6 Bed, 4 Bath Multi-Family Home For Sale

515 Sycamore Street, Oakland, CA 94612 House For Sale - MLS #40842106
$1,149,500
6
4
Multi-Family
4 Family
This listing is courtesy of Brent Tarnow from Minngo.

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Property Description for 515 Sycamore Street, Oakland, CA 94612

Property shall be delivered VACANT at close of escrow! Previously used as a 4-unit building, the possibilities for this property are endless. This stately building in the Uptown neighborhood could continue generating income as a fourplex or could quickly be upgraded to a 5-unit per advice of contractor and architect. Current owners have also begun the entitlement process to bring it to its highest and best use – 11 units. Incredible development opportunity in one of Oakland's trendiest neighborhoods. This opportunity can suit anyone. Low down payment financing available for owner-occupiers. Cash-flow property is perfect for investors. Entitlements pave the way for developers. Seller financing would be considered. Come check it out and explore it for yourself. Three of the units have well-designed layouts with oversized bedrooms. The other unit is a newly updated studio. City views from the top floor. Large back yard is ready to be converted into an urban oasis.

Interior Details

Exterior Details

0.09 acres
3,999 sq. ft.
Off Street Parking; Parking Area

Other Details

40842106
1901
$11,376
Alameda

Units Description

Unit #1
Living Area: 1,053 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $3,292     

Unit #2
Living Area: 910 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $3,292     

Unit #3
Living Area: 910 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $3,292     

Unit #4
Living Area: 292 sq. ft.      Full / Half Baths: 1      Rent: $1,500     

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(20%)

Monthly Mortgage Payments

$5,221
$7,272

BART> Stations Stops

19th St Oakland
0.51 miles
12th St Oakland City Center
0.84 miles
MacArthur
0.93 miles
Lake Merritt
1.22 miles
West Oakland
1.52 miles

Town Description

Oakland's original inhabitants, the Huchiun tribe of Ohlone Indians lived here before Spanish explorers arrived in 1772. In 1797, Mission San Jose was built south of Oaklan, its lands extending...

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