570 Boden Way

06-22-2022
06-22-2022

570 Boden Way, Oakland, CA 94610

  • Fantastic Cleveland Heights location just steps from Lake Merritt
  • Eight units completely remodeled including new modern kitchens and baths
  • In-unit laundry machines, tenant storage lockers, and balconies with views
  • Nine (9) LARGE 2-bedroom, 2-bathroom units, and two (2) 1-bedroom, 1-bathroom units
  • Extensive capital improvements completed
  • Sweeping views of Lake Merritt, and the Grand Lake Theater

Property Description

570 Boden Way is an eleven-unit multifamily property located just steps from Lake Merritt. The property consists of nine (9) 2-bedroom, 2-bathroom apartments averaging over 1,200 square feet each, and two (2) newly constructed 1-bedroom, 1-bathroom apartments. Improvements include New Windows, Exterior Paint, and Lighting. Unit interiors feature beautifully renovated modern kitchens and bathrooms, hardwood floors, recessed lighting, and in-unit laundry. Amenities include tenant storage lockers, and balconies with sweeping views of Lake Merritt, Grand Lake Theater, and Downtown Oakland. The building sits above 9 garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. Truly a turn-key asset in an A+ location!

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 5,750,000
No. of Units
11
Cap Rate
4.35%
Year Built
1960
Building Size
13,453 Sq ft
Lot Size
13939.2 acres
No. of Stories
4
Opportunity Zone
No
Price per unit
$ 522,727
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37.808043, -122.247553

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