5751 Market Street

5751 Market Street Oakland, CA 94608

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FOR SALE Incentives
Property Type:
MultiFamily Apartments
Amount:
$850,000
Last Verified:
May 25, 2017


Description

5751 Market Street is 4 unit mixed use building located in desirable North Oakland. The property consists of (2) retail storefronts and (2) 1 bedroom / 1 bathroom residential units. Gas, Electricity, and Water are all individually metered keeping operational expenses low. This is an excellent opportunity for an investor to acquire a stable asset with great rental upside.

The property lies directly between Downtown Oakland and Downtown Berkeley offering endless shopping, restaurant, and entertainment choices. 5751 Market St is in close proximity to the Ashby BART station, and has access to major crosstown bus lines, Hwy 24, I-580 & I-80 freeways. This property is ideally located for tenants commuting to Downtown San Francisco, Oakland, and the Emeryville business district. Recently, the East Bay market has experienced significant spillover from the San Francisco housing shortage. Most notably, tech giants such as Uber have begun moving into the Oakland market, further adding to the appreciation and excitement in the area.


Year Built: 1963
Building Size: 2765.0sq ft
Lot Size: 0.04 acres

Map of 5751 Market Street, Oakland, CA, 94608

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.