2400 Humboldt
Oakland, CA 94601

Rare Contractors special with huge upside: Beautiful 1930s Mediterranean style building struck by fire. This attractive six unit building with five studios and one two bedroom has great cash flow potential with two units sustaining moderate fire damage and one unit gutted it to the studs with floor joist in good shape. The building was remodeled with permits in the mid 1980s with new foundation, new electrical panel, new sewer lateral and copper piping and electrical upgrades as well as new kitchen counters and shower stalls. This building was occupied prior to the fire with studios renting at average $1500-$1550 monthly and the two bedroom priced at $2250 monthly. The building is smoke damaged throughout however, washing down walls and using ozone odor removal machines will fully remove smoke odor. We believe the structural damage could easily be completely restored for the low six figures and the building could turn significant cash flow for the motivated builder/investor. Building comes with full architectural plans for restoration and can be modified by the new owner. Don't miss this rare opportunity to own six units at only 100k per door, half the market value pre fire! **Photos are from before and after the fire**