13
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$2,600,000
$2,995,000 13.2%
Est. payment /mo
Sold on 08/08/2025
1520 Madison ST Oakland, CA 94612
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Key Details
Sold Price $2,600,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML82002644
Sold Date 08/08/25
HOA Y/N No
Year Built 1921
Annual Tax Amount $51,664
Property Description
Marcus & Millichap is proud to present 1520 Madison Street, an exceptional 17-unit apartment community just one block away from the vibrant Lake Merritt. Owned and meticulously maintained by the same family for over 40 years, 1520 Madison Street features thoughtfully designed one-bedroom and studio floor plans that reflect pride of ownership throughout the property. Residents enjoy convenient on-site amenities including laundry facilities, bike racks, and nine private detached garages. Priced at a 7.29% CAP and 7.99 GRM, the property qualifies for attractive bank financing - making it a standout investment opportunity.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning R-90
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 9
Total Parking Spaces 9
Building
Water Public
Schools
School District Other
Others
Tax ID 863010
Financing Conventional
Special Listing Condition Standard
Listed by Eymon Binesh Marcus & Millichap
Bought with Eymon Binesh Marcus & Millichap
Bought with Eymon Binesh Marcus & Millichap
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