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EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/ or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including those used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/ or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors, and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed bythe party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Studio City in compliance with all applicable fair housing and equal opportunity
Keller Williams Commercial is pleased to be retained as the exclusive broker for 809 50th Avenue. The subject property is a seven unit industrial asset, located in the Melrose district of Oakland, CA.
Built in several phases, 809 50th Avenue is built of wood frame construction with a corrugated steel, cinderblock and T111 siding exterior. Five of the seven units have rollup doors to allow for ease of access. Total building area is approximately 10,449 square feet set on a lot of approximately 29,880 square feet.
Three of the units are live/work spaces of approximately 3,849 square feet of gross building area. The remaining four units are industrial spaces available for various uses of approximately 6,600 square feet. Several of the units have mezzanines to allow for office and/or living spaces.
A recent power upgrade to the property brings 440 Amps to the main electrical box. Gas service is also available onsite. Gas and electricity are master metered and billed back to the tenants. Water is master metered as well. The site offers off-street and garaged parking for each of the units with additional parking available for guests. Additional street parking is also readily available.
The 809 05th Avenue offers investors the opportunity to acquire a well situated property with strong potential cash flow and the opportunity to redevelop the site. Located close to I-880 as well as Coliseum BART the property will attract local businesses as well as those who work and live in the area.
ADDRESS: 809 50TH AVE
CITY, STATE, & ZIP: OAKLAND, CA 94601, USA
UNITS: 7
YEAR BUILT: 1955
BUILDING SF: ±10,200 SF
SF PER UNIT: ±1,457 SF
AVERAGE MARKET RENT: $1,561
• 7.23% CAP / 8.97 GRM (STABILIZED)
• 6.94% CAP / 9.61 GRM (MARKET)
• THREE VACANCIES
• GREEN ZONE OPPORTUNITY (MANUFACTURING & CULTIVATION)
• UPGRADED 440 AMP ELECTRIC SERVICE
• EASY ACCESS TO I-880
• CLOSE PROXIMITY TO COLISEUM BART
• CONVENIENT, CENTRAL LOCATION
• HISTORICALLY HIGH OCCUPANCY
• SIGNIFICANT UPSIDE
Melrose is a well-known and trendy neighborhood located in the heart of Los Angeles. It is famous for its vibrant and eclectic atmosphere, making it a unique destination for both residents and real estate investors. The neighborhood is primarily residential, with a mix of housing options ranging from historic bungalows to modern condos and apartments. Melrose Avenue, the neighborhood’s main thoroughfare, is lined with fashionable boutiques, art galleries, cafes, and restaurants. It’s a hub for shopping and dining, attracting locals and tourists alike.
The real estate market in Melrose is diverse, with varying property prices depending on location and property type. It’s a desirable area for those who want to experience the dynamic Los Angeles lifestyle, with easy access to cultural attractions, entertainment, and a thriving arts scene. Please note that real estate markets can change, so it’s essential to consult with local real estate agents or resources for the most current information on the Melrose neighborhood in Los Angeles.
LIVE/WORK SPACES
REDEVELOPMENT OPPORTUNITY
7.23% CAP / 8.97 GRM (STABILIZED)
OWNER USER OPPORTUNITY
Melrose, located in Los Angeles, California, is a thriving neighborhood with a vibrant real estate market. Known for its trendy and eclectic atmosphere, Melrose offers a diverse range of properties, from historic bungalows to modern condos. Melrose Avenue, the neighborhood’s main artery, is famous for its fashionable boutiques, restaurants, and art galleries, making it a popular destination. The real estate market caters to those seeking a dynamic Los Angeles lifestyle with easy access to cultural attractions and entertainment. With its unique character and strong demand, Melrose remains an attractive choice for both residents and real estate investors.
#2,874 #3,631 #7,067 MOST DIVERSE PLACES TO LIVE IN AMERICA
MOST DIVERSE NEIGHBORHOODS IN AMERICA OF 5,220 OF 5,220 OF 5,220
BEST NEIGHBORHOODS FOR YOUNG PROFESSIONALS IN AMERICA
https://www.niche.com/places-to-live/oakland-alameda-ca/
