283 Park View Ter
$1,950,000

283 Park View Ter

3,901 Sq.Ft.

Description

With four units (2, 1BR/1BA and 2, 2+BR/1BA) and 3,901 sq. ft., Oakland’s 283 Park View Terrace is a versatile multifamily property that’s ready for new ownership. Strong existing income, ADU potential, and a central location that’s near Downtown Oakland as well as Lake Merritt make this a smart investment for either the short- or long-term. Exceptional shopping and dining options along nearby Broadway street, Grand avenue, and Lakeshore avenue ensure any vacancies will be both short-lived and filled with desirable new tenants. For those looking to occupy as well as own, know that one of the units (a top-floor, 1BR) will be delivered vacant at close. It bears mentioning that—from a structural standpoint—the foundation, plumbing, and electrical are all relatively new, which means the new owners will not be required to expend additional dollars on costly modernization projects.

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Location

283 Park View Ter, Oakland, CA 94610

Status

Sold
Jatin Mehta

Jatin Mehta

TITLE

Founder

Property Amenities

Interior
Laundry room Features: "Common Area", "Dryer", "Laundry Closet", "Washer", "Washer/Dryer Hookups"
Appliances Appliances: "Dryer", "Washer", "Gas Water Heater"
Flooring Flooring: "Hardwood", "Tile", "Vinyl"
Area & Lot
Lot Area 5,426 Sq.Ft.
Living area 3,901 Sq.Ft.
MLS® ID 40966429
Year Built 1907
Type Condo
Status Sold
Exterior
Air conditioning Cooling: "No Air Conditioning", Cooling Included
Heat type Heating: "Forced Air", Heating Included
Garage Space Garage
Parking Parking Features: "On Street", "Street Parking"
Finance
Sales Price $1,950,000

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