2520 EAST 24TH STREET

Description

Discover an exceptional investment in this well maintained Victorian triplex nestled in Oakland's Meadowbrook neighborhood, within the lively Fruitvale District. Preliminary applications to convert non-conforming units into ADUs present a TREMENDOUS OPPORTUNTIY FOR INCREASED INCOME on an already positive cashflow property! All units, recently updated & tenant-occupied, offer contemporary living. The building's tranquil ambiance, set back from the street, is complemented by on-site laundry & off-street parking, in the secure gated lot. A shared backyard enhances tenant enjoyment. . Explore the vibrant Dimond & Laurel districts, easily commute via Hwy 580, bus, or Fruitvale BART. Nearby conveniences include Morgan Plaza, Farmer Joes Market, the Food Mill, Peet's Coffee & Tea, La Farine Bakery, Grand Lake Kitchen, Hacienda Peralta Park, and Manzanita Recreation Center. Embrace this active community with a 73 Walk Score & 60 Bike Score, accessibility is paramount to this property! Seize your opportunity to capitalize on the potential with a 7.1% CAP and 10.5 Gross Rent Multiplier. This is not just a property; it's your gateway to prosperity in the heart of Oakland's thriving community! DO NOT DISTURB, PLEASE RESPECT TENANTS PRIVACY.