861 Mead Ave, Oakland, CA 94607

Property Description

For investors seeking long-term value and major upside, 861 Mead Avenue is a no-brainer—a 4 unit (4, 2BR/1BA) 3,000+ sq.ft. multifamily that’s ready for a new owner. In addition to the building’s large garage, private back patio, and ADU potential, each of the units comes w/ new flooring, new double-paned windows, and a remodeled kitchen and bath. At the time of this listing, the well-maintained building generates strong cash flow, w/ estimated earnings north of $100,000, and none of the apartments are occupied w/ long-term tenants. But the best part of 861 Mead Avenue is its location, West Oakland—a neighborhood that’s close to everything, as reflected by its Walk Score of 90 & its Bike Score of 99. More importantly, West Oakland is in the midst of a transition thanks to intense capital investment from the local government (24 of the City of Oakland’s Major Projects are centered in the neighborhood) so the land upon which 861 Mead Avenue sits should become significantly more valuable.