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400 E 12th St
Oakland, CA 94606 East Lake

$358,000 USD

Storefront Retail Residential Condo For Sale • 2,483 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 18,204 SF
Lot Size 0.17 AC
Building Class C
Year Built 2005
Cap Rate 17.70 %
Tenancy Single
Zoning CN-3

68 Transit Score

94 Walk Score

1 Unit Available

Name	Condo Use	Size	Price	Details
1st Floor - Unit 400	Office/Retail	2,483 SF	$358,000 USD
Unit Size: 2,483 SF Condo Use: Office/Retail Price: $358,000 USD Sale Type: Investment or Owner User Price/SF: $144.18 USD Sale Notes Price Reduced!

Description

PRICE IMPROVEMENT!!!! Reduced to $498,000!!!    Ground floor commercial/retail condominium. Project consists of this ground floor commercial/retail space, plus five residential condominiums (NOT INCLUDED IN SALE), and common areas, which include a parking garage (serving the residential condos exclusively), interior hallways, and a pleasant side yard on the 4th Avenue side of the building. Previously used as a restaurant, the commercial condo space in question features a large walk-in refrigeration facility and two large ADA restrooms.  Seller has partially completed division of the whole into two separate spaces.

                
                    Highlights
                
                                Located in the vibrant East Lake area.
                            
                                Convenient to shopping, Lake Merritt, and Downtown Oakland.
                            
                                Strong demographics feature population of 46,000 within a one-mile radius. 
                            
                                Median Household Income of $94,688 within a 3-mile radius.
                            
                                31,350 daytime employees within a one-mile radius.

Property Flyers

Financial Summary

Cap Rate:	17.70 %
Total Expenses:	$17,400 USD

Amenities

Bus Line
Corner Lot
Courtyard
Restaurant
Signalized Intersection
Tenant Controlled HVAC
Storage Space
Recessed Lighting
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
	4 min	-	1.3 mi
	11 min	-	5.6 mi
Airport	Drive	Walk	Distance
Metro Oakland International	14 min	-	8.3 mi
San Francisco International	38 min	-	24.5 mi
Norman Y Mineta San Jose International	50 min	-	39.7 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Type:	Reserved
Included in Rent:	Yes

Barry Klein 510-697-1372 CORCORAN ICON PROPERTIES

400 E 12th St Oakland, CA 94606 East Lake