PRCE REDUCED BY $15,000

Fully Rehabbed 2BR/1.5 BA Townhouse in a Great Danville Location

Stainless Steel Kitchen Appliances

Washer & Dryer Hook Up in the Unit

Fabulous Danville Schools

Pool...

Great Duplex at a Great Value in Temescal Neighborhood of Oakland

Huge ~900 SqFt Units with Great Layouts

The Upstairs Unit gets plenty of natural light

Over $50,000 in Capital Improvements

New Double-paned Windows

Sewer Later Compliant

Upgraded Lower Unit with Staineless Steel Appliances, Laminate Flooring

Washer & Dryer Onsite

Separately Metered for Water & PG&E

This immaculate spacious building features four massive condominium style apartment units; three 2BR/1BA and one 3BR/1BA unit.  Each unit is individually metered for PG&E and the building features individual garages for each unit.  Perfectly located near Mills College, 5900 Laird has tremendous rental upside and is perfect for new or seasoned investors.  Additionally the building is ideal for condominium conversion due to the unique apartment sizes, though buyers must do all their due diligence in this regard.

Showing Times:

8/18  10am-11:30am

8/20  12:30-2pm

The Millsmont neighborhood is located in the foothills of Oakland, California, and it encompasses the area of East Oakland to the south and east of Mills College. The property is literary across the street from the

eastern side of the Mills College campus. The building is about 6 blocks away from the magnificent Maxwell Park neighborhood of Oakland to the West of the Mills College.

Gorgeous Fully Updated Condo

+ New Hardwood Floors and Tile Throughout

+ Updated Granite Kitchen, Oak Cabinetry

+ New Vanities in each bathroom

+ Fresh Paint Throughout

+ Tall Living Room Ceiling

+ Pool, Clubhouse

+ Less than 1/2 mile from the downtown Pleasant Hill with all the fine gourmet restaurants, and top notch amenities

+ An easy commute to down town San Francisco by BART

1

The Karbassi Group is delighted to present to the investor community 217 Santa Clara Ave, in the Grand Lake neighborhood of Oakland. The Grand Lake District is nestled directly to the North of Adams Point, in the the Northeast corner of Lake Merritt.

OFFERING MEMORANDUM (copy-paste):
https://drive.google.com/open?id=0B-DuaJWHe2tgYlhyV1EybmJmaDg

-Best Value Few Blocks from the Lake (Grand Lake Area)
-Excellent Unit Mix of 14 x 2/1s'; 1 x 3/1; 3 x 1/1s'.
-All Units have been upgraded in varying degrees over the past decade.
-Double Pane Windows, 4 Units with Hardwood Floors, 1 unit with Stainless Steel Appliance, Several Units with New Appliances, Newer Railings, Newer Garage Door,
Newer Alarm System, One Year Old Water Heater, 10 year old roof.
-1 to 1 Parking Ratio with 2 Covered Garages
-About 60% of the Units are at or near market rate, 30% Rental Upside upon Turnover.
-Separately metered for Electricity; There is Electric Stoves and Heaters in the Units.Gas use is limited to the single water heater.
-Laundry Machines are Owned.

The Grand Lake District in directly to the North East of Adams Point. The property is located within a 10 minute walking distance to the Lake Merritt and to the Rose Garden. The walk-ability is ideal for the tenants as they can run errands on foot. Safeway, ACE hardware, Brite Cleaners, Trader Joe's, the Grand Lake Theatre and several coffee shops and restaurants are all within a short walking distance. Oakland Fire Station #10 is literary 1.5 blocks away. The bus stop is located directly across the street which would run to Macarthur BART in 7 minutes. 20 Minute drive to downtown SF.