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(626) 893-2817
Gilbert Garcia
4935 Shattuck Ave, Oakland, CA 94609
- $1,800,000
- List Price
- $1,800,000
- Status
- ACTIVE
- MLS#
- 41148906
- Year Built
- 1956
- Lot Size
- 4,791
- Acres
- 0.11
- Days on Market
- 21
- Property Type
- Commercial
Property Description
Fully-leased 5 unit retail investment opportunity located in Oakland's vibrant Temescal district. 4935 Shattuck Ave is anchored by the Michelin Guide-recommended restaurant Snail Bar. Remaining tenants include a cafe, an additional restaurant equipped with a full kitchen build-out, a hair salon and an African market. With an average of 4+ years remaining on the existing leases, investors will benefit from immediate stable cash flow and annual rent escalations that offer steady upside. Property currently generates $166,170/yr in gross scheduled income and is being offered at 6.37% cap rate. Contact brokers for more information.
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Additional Information
- Cooling
- Yes
- Exterior Construction
- Stucco
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Thomas Garabedian Cone (Tommy@tommygarabedian.com) from Listing Office: Red Oak Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.