1479 Fruitvale Avenue, Oakland, CA 94601

Property Description

1479 Fruitvale Ave consists of 52 Apartments and 4 ground floor commercial spaces facing the street. 1465-1467 Fruitvale Ave consists of 3 ground floor commercial spaces facing the street. On the side of both of these parcels there is a 27-space outdoor parking lot with a secure gate. There is a split level basement with windows and fire exit gates to the outside. Both parcels 1465 Fruitvale and 1479 Fruitvale must be sold together. All the commercial spaces are leased and the apartments have significant rental upside as does the building. All but 8 apartments have been remodeled. The building is master metered but there is a separate circuit breaker panel in each apartment making it a real value add to install separate electric meters.