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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