2417 Ivy Dr, Oakland
Oakland Home For Sale
TRANSPARENT PRICING! Welcome to 2417 Ivy Drive, a classic 1940s five-unit building with a ton of charm and period details located in Oakland’s Ivy Hill close to Lake Merritt. This three-story well-maintained building consists of five large residential units (830 average SF per unit) over a laundry room and basement area approved (but expired) for a sixth unit expansion. All five units feature hardwood floors and are tenant-occupied, and in addition to the approved sixth unit within the building’s envelope a feasibility study states that two ADUs can potentially be built in the large backyard to extend this property to eight units total. All units are 2BD/1BA with living rooms and separate dining areas. Gross monthly rent is $10,611. LOW price per unit ($280,000/unit) and square foot ($337/SF) with accompanying 18% upside in rents (current cap rate 5.14%). Units are separately metered for PG&E. The location can't be beat - no car is necessary here with a walk score of 86. 1.5 miles to Lake Merritt BART; a little over a half mile to Lucky supermarket, Trader's Joes and beautiful Lake Merritt; and easy access to all the popular bars, restaurants and venues of Downtown, Uptown and the Grand Lake Ave/Lakeshore Ave district. Views: Downtown
Property Details
Additional Information
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- City:
- Oakland
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- County:
- Alameda
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- Zip:
- 94606
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- MLS® #:
- 41062808
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- Bedrooms:
- 8
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- Bathrooms:
- 4
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- Lot Size:
- 0.15
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- Neighborhood:
- IVY HILL
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- HOA Dues:
- $
Price Change History for 2417 Ivy Dr, Oakland, (MLS® #41062808)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of July 14th, 2024 at 1:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.