Price Reduced Listing848 International Boulevard presents a well-maintained 7-unit multifamily investment opportunity in a strong rental market. The property features a highly desirable unit mix consisting primarily of spacious three-bedroom units, catering to strong and consistent rental demand from families and shared households. Since acquiring the property in 2018, ownership has invested significantly in capital improvements, including approximately $110,000 to complete Oaklands mandatory soft-story seismic retrot in 2024substantially reducing future structural risk and bringing the property into compliance with current city requirements. Additionally, four units have undergone major renovations to enhance interior appeal and positioning the asset for continued rental upside. With a combination of in-place income stability and value-add potential through further unit upgrades, the property offers investors a balanced prole of durability and growth. Its corner lot positioning, functional layout, and ongoing improvements make it an attractive long-term hold in a supply-constrained rental market.
| MLS # | ML82045376 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 129 |
| Listing Provided By | Marcus & Millichap | Sam Runco |
| SQ Feet | 8,348 |
|---|---|
| Car Port | Yes |
| Units | 7 |
| Building(s) | 1 |
| Zoning | CN-3 |
| Acreage | 0.11 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Tar Gravel |
|---|
| Utilities | Other |
|---|
| Property | 21740 |
|---|
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Area | 699 Not Defined |
| Listing VS Median (in 94606) | |
Price: $1,675,000 low | high Med: $1,395,000 sqft: 8,348 low | high Med: 4,860 $ / sqft: $201 low | high Med: $287 On site: 129 low | high Med: 38 | |
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Area | 699 Not Defined |
| Listing VS Median (in 94606) | |
Price: $1,675,000 low | high Med: $1,395,000 sqft: 8,348 low | high Med: 4,860 $ / sqft: $201 low | high Med: $287 On site: 129 low | high Med: 38 | |