EXCELLENT INVESTMENT OPPORTUNITY
Great for group home or personal residence and build a new home on adjacent lot. Added Value!

Nice 5 bedroom 2 bath home close to major freeways, public transportation and daily shopping. Currently used as a group home, can be vacated at close of escrow. The second 1 bedroom home has its own lot but is sold as a package as it shares a waterline. Great opportunity for an owner occupier who can benefit from the rental income from the smaller home. Possibility to re-develop the smaller lot/ home into a upgraded and expanded structure. Perfect for Investor, Owner Occupier or another group home operator. Inspections reports in document file. Offer 'Subject To Inspection'. DO NOT DISTURB TENANTS. Main House currently is used as a group home. There are 5 bedrooms not 3 as noted on tax records. Owner is looking for permit copies. The group home will vacate at time of closing if desired. The second structure is actually on its own 3044 sq ft lot ( apn# 41-4191-23). However the home shares a water line from the main house so were selling both properties together as a package. The second structure was built in 1920. This structure brings in rental income, but the 'added value' is in the land to be redeveloped. This tenant stays with the property. Buyer to verify sq ft, bed/bath with City of Oakland.
Main house 5 bedrooms.2 baths
Large Lot
Main Home current use group home
Great for personal residence
Second Home 1 bed 1 bath
Second home can rebuild on lot
Great for Group Home
Opportunity to build on large lot
MLS: 40864398
Sq Ft: 2352
Yr Built: 1954
Bdrms: 6
Baths: 3
Asking: $675,000
Address: 1321-1329 77th Ave
Oakland, CA
94621
 
John Morra
Century21 Real Estate Alliance
510-200-4449
[email protected]
www.EastBayMultifamilySales.com
Lic#: 01884598