$3,080,000
Marcus & Millichap is pleased to present 185 15th Street, a 14-unit apartment community located just two blocks from Lake Merritt in the heart of Downtown Oakland. This well-located asset offers a strong value-add opportunity in one of Oaklands most desirable rental markets. The property has seen major capital improvements, including all new dual-pane windows, a completed seismic retrofit per city ordinance, and several renovated units. Additionally, six vacant units provide a clear path to renovate and lease at full market rents. With a prime location and meaningful upside, 185 15th Street is well-positioned for both immediate income growth and long-term appreciation.
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Listed by Eymon Binesh with Marcus & Millichap (650) 391-1700
Property Type
Commercial Sale
Status
Active
MLS Number
ML82042473
Year Built
1954
Lot Size
4,901 sq ft