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Listed by Joseph Owens • Marcus & Millichap
$ 4,750,000
Est. payment /mo
New
5687 Miles Ave Oakland, CA 94618
7,295 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 7,295 sqft
Price per Sqft $651
MLS Listing ID 41107799
HOA Y/N No
Year Built 1922
Lot Size 3,467 Sqft
Property Sub-Type Apt Complex
Source Bridge AOR
Property Description
We are pleased to present 5687 Miles Avenue, an exceptional 11-unit multifamily investment opportunity located in Oakland's premier Rockridge neighborhood. This trophy asset offers investors a rare combination of stable residential income as well as substantial commercial revenue through long-term wireless carrier roof top leases. The property's strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco's Financial District and seamless highway connectivity via Route 24. The building's desirable unit mix of studios through two-bedroom apartments commands strong rents in a neighborhood characterized by affluent demographics, including a median household income of $212,638 and exceptional walkability (Walk Score 97/100).
Location
State CA
County Alameda
Interior
Heating Baseboard
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Level
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