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$ 4,750,000
Est. payment /mo
Active
5687 Miles Ave Oakland, CA 94618
3,467 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Rockridge
MLS Listing ID 41107799
HOA Y/N No
Year Built 1922
Annual Tax Amount $69,020
Lot Size 3,467 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present 5687 Miles Avenue, an exceptional 11-unit multifamily investment opportunity located in Oakland's premier Rockridge neighborhood. This trophy asset offers investors a rare combination of stable residential income as well as substantial commercial revenue through long-term wireless carrier roof top leases. The property's strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco's Financial District and seamless highway connectivity via Route 24. The building's desirable unit mix of studios through two-bedroom apartments commands strong rents in a neighborhood characterized by affluent demographics, including a median household income of $212,638 and exceptional walkability (Walk Score 97/100).
Location
State CA
County Alameda
Interior
Heating Baseboard
Cooling See Remarks
Fireplace No
Building
Lot Description Street Level
Others
Tax ID 1412666
Virtual Tour https://www.marcusmillichap.com/properties/186112/5687-miles-ave
Listed by Joseph Owens Marcus & Millichap
