$2.2MM-San Francisco's Brooklyn-6 Units-2 Bed-1 Home Office-1 Bath

Full Details:

https://www.lovelakemerritt.com/

han@7charm.org

* Seller will stay on and mentor the Buyer how to manage the building and after the sale. We built an automated to reduce the management time. Buyer can have a day job or manage their own company while the building runs itself. All records were kept with meticulous notes.

* Contact me if you have any questions.

100% Occupancy at close: 3 Units – Leased for 1 Year

All Tenants Paying 100% Rent – No Missed Payments / No Discounts

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Property has been managed by professionals. Buyer will have a turn-key building.

This is perfect for those investors with cash, IPO / Stock proceeds. You want to diversify your portfolio in Real Estate in the next Brooklyn of San Francisco.

If the US Dollar devalues with QE and inflation, then real estate is an option to ride it out and ride the appreciation with the new development in the nearby neighborhoods.

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Opportunity

A freshman or seasoned investor has the opportunity to acquire a fantastic building with tons of well-funded, stimulus-induced upside in a central urban location at well below replacement cost. With interest rates nearing 0, investors are searching for safety and yield. A prudent investor will ride out the current bumps, while new redevelopment projects in the neighborhood are already underway. When inflation returns, real estate will be a good hedge. With more businesses moving to Oakland, the subject property is in one of the highest demand rental markets in the San Francisco Bay Area and will have the peace of mind that steadily rising rents coupled with a very low vacancy rate will return for the foreseeable future. With A Class units coming online in the coming year at ~$3,000/mo for 1 Bedrooms, room rentals list at $1,200 on Facebook Group: Oakland Housing. This property offers a value-driven opportunity at a fraction of the rent compared to San Francisco and other luxury apartments in Oakland. Residents will stack more cash while living in this building. New residents will safely work from home or operate a home business from their unit. There are so many opportunities this unique building offers. One could research how to convert the rooftop into a Meditation / Yoga / Pilates area. There is a huge opportunity to add units with ADU and Junior ADUs. Potential conversion to condos or sold as individual TIC's. Development possibilities in the adjacent parking lot. New residents will safely work from home or operate a home business from their unit. There are so many opportunities this unique building offers. One could research how to convert the rooftop into a Meditation / Yoga / Pilates area. There is a huge opportunity to add units with ADU and Junior ADUs. Potential conversion to condos or sold as individual TIC's. Development possibilities in the adjacent parking lot. New residents will safely work from home or operate a home business from their unit. There are so many opportunities this unique building offers. One could research how to convert the rooftop into a Meditation / Yoga / Pilates area. There is a huge opportunity to add units with ADU and Junior ADUs. Potential conversion to condos or sold as individual TIC's. Development possibilities in the adjacent parking lot.

Time will fly by very quickly. One day you will wake up and realize this location has been totally redeveloped into a new City. It won't look the same in 3 years. This property will be at the epicenter.

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Approved Redevelopment: Directly Impacting This Property

Accessory Dwelling Units (ADUs) / Secondary Units

https://www.oaklandca.gov/topics/secondary-units

Brooklyn Basin Mixed Use Valuation: $1.5 billion

65 acres of waterfront property on the Oakland Estuary.

200,000 square feet of retail and commercial space, and a marina.

1.4-acre Redevelopment Project – Lake Merritt BART

More than 200 units of affordable and senior rental housing.

25-story office building encompassing about 550,000 square feet.

A publicly-accessible “paseo” with food, retail and incubator space.

Lake Merritt Transit-Oriented Development Award of Exclusive Negotiating Agreement

Oakland Athletics Unveil Plans to Build New Stadium to Open for 2023 Season

The waterfront park will contain 34,000 seats near Jack London Square

The ballpark at Howard Terminal returns the baseball experience to the roots of the sport. A “ballpark within a park”.

$64.5 million – Redeveloping the historic Kaiser Convention Center at Lake Merritt, office space retail and restaurants

The agreement includes turning the arena foyer into office spaces for local nonprofits and restoring the Calvin Simmons Theater.

Hosted Martin Luther King Jr., as well as performances by Elvis Presley, James Brown, Bob Marley and the Wailers, and the Grateful Dead.