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2417 Ivy Dr

Oakland, CA 94606
  • $1,400,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • ID#: 41062808
Under Contract
UPDATED: 164 min ago
$1,400,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,152
    SQFT
  • $337
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:
Area:

School Ratings & Info

Description

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.

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Contra Costa Association of Realtors logo Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-07-20T21:39:37.127.

www.swansonrealestate.com/homes/151626182
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2417 Ivy Dr Oakland, CA 94606

  • Price: $1,400,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 164 min ago
  • ID#: 41062808
8
Beds
0
Baths
0
½ Baths
0.15
Acres
4,152
SQFT
$337
$/SQFT
1941
Built
Neighborhood:
Ivy Hill
County:
Alameda
Area:
Listing
Property Description
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.
Exterior Features

Attached Garage YN Yes Carport YN No Construction Materials StuccoFrame Exterior Features Back YardTerraced DownGardenLandscape BackYard Space Garage YN Yes Lot Size Area 0.15 Parking Features AttachedEnclosedGarageOff StreetParking LotAssignedSpace Per Unit - 1Garage Faces Front Parking Spaces Total 4 Parking Total 4 View Downtown View YN Yes

Interior Features

Appliances WasherGas Water Heater Basement Storage SpaceUnfinished Building Area Total 4152 Cooling Heat PumpNo Air Conditioning Cooling YN Yes Fireplace YN No Flooring HardwoodTileVinyl Heating Floor FurnaceNatural GasHeat PumpIndividual Rm Controls Heating YN Yes Interior Features Storage Area(s)Tub w/Shower Over Window Features Double Pane WindowsScreens

Property Features

Age 83 Association YN No City Transfer Tax Yes Electric No Solar For Sale Or Rent For Sale Laundry Features Common AreaDryerGas Dryer HookupLaundry RoomLaundry Equip - LeasedWasherWasher/Dryer HookupsWasher/Dryer Stacked Incl Listing Terms All Inclusive Lot Features Sloped Down Other Equipment Intercom Point Of Sale Ordinance Yes Property Sub Type OTHER Security Features Carbon Monoxide Detector(s)Double Strapped Water HeaterSecured AccessSmoke Detector(s) Special Listing Conditions Standard Utilities Water/Sewer Meter on SiteCable ConnectedInternet AvailableNatural Gas ConnectedIndividual Electric MeterIndividual Gas MeterMaster Electric MeterMaster Gas Meter Zoning RU-2

Contra Costa Association of Realtors logo Listing courtesy of Joshua Silverman of Real Brokerage Technologies: .


Contra Costa Association of Realtors logo Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-07-20T21:39:37.127.

 
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