1254 East 12th Street, Oakland, CA, 94606

1254 East 12th Street Oakland, CA 94606

Oakland
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
May 17, 2024

Highlights

  • (6) Live/Work Loft Style Units
  • Secure Off Street Gated Parking
  • Terrific access to Public Transit – just outside your doors!
  • Shared Gas, Electric, Water – immediate opportunity to implement RUBS
  • Rooftop Solar – provides low-cost, energy efficient, renewable electricity
  • Coveted Secure Outdoor Inner Courtyard Area for Fitness / Gardening/ Workspace and other uses...
  • Opportunity Zone “OZ” ~ https://maps.gis.ca.gov/hsr/map.html
  • Immediate Value-Add Opportunity for Investors!
  • Exceptional Owner/User Live Work ability!
  • Awesome Commercial Business Owner Occupy (50%+) for SBA Qualification!

Description

6 Units – (2) Live/Work Owner/User Art Studios with (4) Loft Apartments with Open Area Shared Inner Courtyard

A phenomenal Live/ Work Owner/User or Investment Opportunity!
With the (2) Live/Work Owner Occupied Units being delivered Vacant upon Close of Escrow, this former Artist Compound lends itself well for another Artist to Live/Work, or a Commercial Business to Occupy more than 50% of the Property and enjoy rental income from the (4) Loft Apartments, or repositioned into fully occupied Multifamily Apartment Community!
Just across from Brooklyn Basin’s Waterfront Destination, ease of access to the 880 FWY and minutes to Downtown Oakland and ability to get anywhere in the Greater Bay Area!

Building Size: 6603sq ft
Lot Size: 0.23 acres


Documents

1254 E 12th Street.pdf

Map of 1254 East 12th Street, Oakland, CA, 94606

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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.