402 E 10Th St, Oakland, CA 94606
List Price: $498K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1900
Lot Size: 2,807 sq ft
MLS Number: 41138643
About This Property
This c. 1900 building has spent over a century on East 10th Street watching the neighborhood change around it, and right now it sits directly across from 16,000 Laney College students and nine minutes on foot from Lake Merritt BART. Four 1BD/1BA units, all individually gas-metered, with in-place income of $53,904 against an estimated market of $86,400 — a 60% gap built from three long-tenured month-to-month tenants whose rents have simply never caught up, and a fourth unit sitting vacant and available today. New roof in April 2024, refreshed interiors in several units, and owner-paid utility costs that ran $135 last year. At $498,000 — $182 per square foot, $124,500 per door — the work is priced in and the upside is waiting.
Listing provided by: Joey Wang DRE #01890931 925-934-2900 joey.wang@loremultifamily.com, Keller Williams Realty
Source: CRMLS, MLS #: 41138643
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.