5 70 Me r ri ma c St reet Oa k l and, CA
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1 5 70 Me r ri ma c St reet Oa k l and, CA O FFE R ING PAC KAGE DUPLEX AVAILABLE IN DESIRABLE OAKLAND MARKET PURCHASE PRICE: $850,000 ± 1,880 SF ± $452/SF
2 OFFERING SUMMARY California Capital & Investment Group is pleased to present this opportunity to purchase an Oakland duplex. This property is available as part of a multi-property portfolio or individual sale. The property is located in the KONO neighborhood, which is known for having connections to the arts and the Korean community. In addition to being the center of Oakland's First Fridays, the KONO neighborhood features a self-guided tour and consists of visits to galleries such as the 25th Street Collective, Creative Growth Art Center, and Vessel Gallery. The property is next to Telegraph Avenue, a street with many great restaurants, shops, and entertainment. PROPERTY DETAILS Address: 570 Merrimac Street Oakland, California County: Alameda Assessor Parcel Number: Occupancy: 100% Year Built: 1905 Building RSF: ± 1,880 SF Total Building: ± 1,880 SF Lot Size: ± 2,460 SF Zoning: RV-1 Gross Income: ± $63,720 Gross Expenses: ± $18,145 NOI: ± $45,575 Cap Rate: ± 5.4% *All parties should independently verify all building square footages
3 UNIT BREAKDOWN: 2 UNITS Unit 1: 2 bdr/ 1 ba with Washer & Dryer, Occupied since 2/7/15 Unit 2: 2 bdr/ 1 ba with Washer & Dryer, Occupied since 11/8/17 PROPERTY HIGHLIGHTS Available as Part of a Multi-Property Portfolio Sale or Individually Newly Refinished Hardwood Floors Kitchen Features Newly Tiled Floors and Granite Countertop Newly Tiled Bathroom and Tub Surround Brand New Stackable Energy Efficient Laundry in Unit Abundant Natural Light Two High Efficiency Movable Infrared Room Heaters Fully Fenced Shared Yard (Corner Lot) with Arbor and Concrete Patio ADDITIONAL INFORMATION Income and Expenses Parcel Map
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6 LOCATION SUMMARY LOCATION OVERVIEW In recent years, Oakland has become a popular landing spot for many companies to plant their roots in the Bay Area. Companies like Pandora, Ask.com, and Kaiser Permanente, have all found homes in one of the countries newest premier real estate markets. Most recently two new Class A towers totaling over 1.2 million square feet of rentable office have begun construction in downtown. While national tenants continue to flock to the East Bay, many local establishments have also flourished. The Oakland Fox Theater reopened as a concert venue in December 2009, anchoring the Uptown District. Surrounding this historical location are the ever-growing list of bars and dining options, including mainstays such as Flora's, Rudy's Cant Fail Cafe, and Cafe Van Kleef. The Oakland Fox Theater hosts a variety of shows and concerts ranging from B.B. King to Green Day, while also housing one of the East Bay's best charter schools, Oakland School for the Arts. LOCATION HIGHLIGHTS Excellent Location in the Oakland KONO Market Walking Distance to Telegraph Ave Near Many Great Restaurants, Cafés, and Entertainment Near AC Transit and Major Freeways Walker's Paradise: Walk Score of 95 Biker's Paradise: Bike Score of 97 Ample Foot & Vehicle Traffic
7 DOWNTOWN OAKLAND LOCATION OVERVIEW Transportation 1. Broadway & 30th: Bus Stop 2. Telegraph & 29th: Bus Stop 3. Ford GoBike Development The Echo Broadway Blackstone Group & City View Housing Project Broadway West Elm Hotel Broadway New Sprouts Complex New Summit Medical Wing Amenities Black Spring Coffee Company Coffee Roma Sprouts Chipotle 13. La Catrina 14. Z Cafe & Bar 15. Gogi Time 16. Hella Vegan Eats 17. Commonwealth Cafe & Public House 18. Louisiana Fish & Chips 19. Da Sung Sa 20. MUA 21. The Lumpia Company Cattown Lula Judoku Sushi
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