515 E 11Th St, Oakland, CA 94606

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Property Description

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 515 E 11th St, a distinguished five-plex in Oakland's sought-after Merritt neighborhood. The property offers three expansive studios and two 2bd/1bth units. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The one studio unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. The current rental rates, set at approximately 40% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. This property stands as an excellent investment avenue with a clear upside for growth, suitable for both established investors and those seeking an owner-occupied investment. Current GRM 9.32; Market GRM 6.02; Email agent on property website for more info.


Interior Features

Bedroom Information
Bedrooms N/A
Interior Information
Cooling Type See Remarks

Listing Information

Address 515 E 11Th St
City Oakland
State CA
Zip 94606
County Alameda
Listing Agent Steven Pinza DRE #01867691
Courtesy Of The Pinza Group, Inc
List Price $745,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 4,000
Year Built 1906

Listing information courtesy of: Steven Pinza, The Pinza Group, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.