Kent Mitchell 510-548-2554 | Tim Warren 510-336-4719

524-530 8th Street

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524-530 8th Street

524-530 8th Street Oakland, CA 94612
Price: $ 4,295,000
Property Size: 14,098 sqft
Cap Rate: 7.07%
Units: 41
Status: Under Contract

The Mitchell Warren Team is pleased to present 524-530 8th Street, a 14,098 SF residential hotel located in the thriving Old Oakland district. The building consists of two (2) large ground floor commercial spaces and thirty-nine (39) Micro Units. The commercial spaces are occupied by two local restaurateurs further expressing Oakland’s vibrant community. On the second and third floor, the residential tenants enjoy the convenience of two (2) large commercial kitchens, and two (2) updated restrooms. In addition, the property offers a new historically accurate facade and significant interior upgrades making this a truly turn-key asset. This building provides a rare opportunity to acquire a stabilized asset in an A+ Oakland location.