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$980,000   Price Analysis
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518 E 18th St
Oakland, CA 94606
2 bed 0 bath 3,332 SqFt ($294/SqFt)
3,750SqFt lot. Built 1923
Listed 2024-05-15
Ⓧ USDA Ineligible
due to price & location

near Oakland

Introducing Oaklands 518 E 18th Streetthe perfect starter home for any buyer who wants to pair their first residence with a stable sourc of rental income.

This 3, 332 sq. ft., 3-unit building is divided between two 1BR/1BA units and a sizable commercial space. The commercial space and one of the units are t enant occupied, while the third unit (a rear-facing 1BR) will be vacant. This arrangement will provide the new owner with a quiet, vast place to live as well as an immediate cash flow of $5, 189 per month.

This property enjoys lush garden space, a shared laundry room, secured entry and dedicated parking. Originally built in the 1920s, it also benefits from classic design elements such as wood trim finishes and built-in storage. Multiple AC Transit stops and a BART station (Lake Merritt) are all located within a 1-mile radius of this listing for commuting ease. It is also near Kaiser Permanente, Highland Hospital, Alta Bates, Childrens Hospital and Laney College


Presented by Joey Wang at
Keller Williams Realty.


Property MLS #41059727 from bridgeMLS

Bedrooms: 2

Storage Area(s)
Flooring: Tile, Wood

Dryer
Washer
Laundry Features: Common Area, Dryer, Washer

Cooling Features: No Air Conditioning
Heating Features: Central, Fireplace(s)
Heating: Yes

Back Yard

Lot Description: Back Yard, Paved
Lot Size Acres: 0.0860882
Lot Size Square Feet: 3750

Parking Features: Parking Lot, Security Garage, Uncovered Parking Space

Calculated Total Monthly Association Fees: 0

Source Listing Status: Active
County: Alameda
Directions: 5th Ave to E 18th St.
Source Property Type: Residential Income
Source Neighborhood: IVY HILL
Parcel Number: 2123114
Subdivision: IVY HILL
Property Subtype: Triplex
Source System Name: C2C

Listed 2024-05-15
$980,000
bridgeMLS

Total Square Feet Living: 3332
Year Built: 1923
Building Area Source: Public Records
Building Area Total: 3332
Building Area Units: Square Feet
Construction Materials: Stucco, Frame
Living Area Units: Square Feet
Property Age: 101

Bella Vista Elementary School is a public elementary school located approximately 0.7 miles away.
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Oakland High School is a public high school located approximately 0.8 miles away.
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Edna Brewer Middle School is a public middle school located approximately 1.2 miles away.
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St. Anthony School is a private elementary and middle school located approximately 0.6 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.