3414 Andover StOakland, CA 94609

Description

Rare fully entitled 20-unit development opportunity in Oakland’s popular Pill Hill neighborhood. The property is fully entitled for a six story 23,996 square foot building consisting of five 2bd/2bth units, five 2bd/1bth units, and 10 1bd/1bth units. The property will offer individual decks and parking spaces for all units. The current building was built in 1903, offers 1,320 square feet of living space, and sits on a 6,000 square foot lot measuring 50’x120’. The current building has been remodeled and has a history of successful short-term rentals. The property offers a remodeled kitchen and bathroom, hard wood floors, custom molding, custom lighting, new interior paint, and more. This is an excellent opportunity for a developer to capitalize on one of Oakland’s best neighborhoods with excellent future cash flow or resale potential. This is a high demand rental surrounded by many medical centers, shopping options, restaurants, and coffee shops.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1903

Living area

1,320 Sq Ft

Lot size

0.14 acres

Days on market

6

MLS^® Listing#

41151437

Property Features

Heating

See Remarks

Flooring

Wood

Parking

None

Construction

See Remarks

Roof

Shingle

Financial Details

HOA

None

Parcel number

973413

Directions

Cross Street: 34th St.