2247 Ivy Dr | Oakland, CA 94606
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- LoopNet Team
2247 Ivy Dr
Oakland, CA 94606
Arbor Villa · Multifamily Property For Sale · 5 Units
Investment Highlights
- Full seismic retrofit completed in 2021 in accordance with City of Oakland mandate.
- Great value-add opportunity with generous rental upside upon turnover and banked rent increase for one of the units.
- Separately metered for gas and electric.
- A desirable unit mix consisting of three - 2 Bed/1 Bath & two - 1 Bed/ 1 Bath units.
- Onsite laundry and four full garage spaces for tenants.
- One renovated unit delivered vacant
PROPERTY FACTS
| No. Units | 5 | Building Size | 5,568 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1941 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.12 AC |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,568 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.44/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 850 |
| 2+1 | 3 | - | 1,283 |
PROPERTY TAXES
| Parcel Number | 022-0338-015-00 | Improvements Assessment | $1,527,539 |
| Land Assessment | $943,217 | Total Assessment | $2,470,755 |
PROPERTY TAXES
Parcel Number
022-0338-015-00
Land Assessment
$943,217
Improvements Assessment
$1,527,539
Total Assessment
$2,470,755
zoning
| Zoning Code | R-70, Oakland |
| R-70, Oakland |
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