OM - 1451 16th St - Mano Acebedo

Page 1

1451 16TH STREET OAKLAND, CA 94607 KW COMMERCIAL - OAKLAND DRE# 02029039 MIXED-USE PROPERTY FOR SALE | WEST OAKLAND AZIZ KHATRI, CCIM Director | Broker Associate DRE#: 01050721 ( 510) 368-8347 aziz@kw.com MANO ACEBEDO, CCIM Investment Advisor DRE#: 01872979 (707) 246-9714 macebedo@kw.com CHRIS KURIAKOSE Agent DRE#: 02166474 (914) 274-0242 ckuriakose@kw.com

PROPERTY SUMMARY

Artizan Commercial Advisors presents 1451 16th St., Oakland, CA, 94607, a two story commercial property ± 3,500 SF (Per Google Earth Measurement, Buyer to Verify) situated on a ±

1,975 SF lot. The first floor of the building is currently used as New Bethel Missionary Baptist Church. The second floor is a 3bd/1ba residentiali unit. The property will be delivered vacant which is ideal for an owner-user or investor.

The property is located in West Oakland with easy access to freeways 80, 880, 580, and 980 making it ideal for any commuter to travel around the San Francisco Bay Area. The building sits in an opportunity zone and is zoned RM-2 per city of Oakland. This zone allows for a wide range of mixed housing such as single family home, duplexes, townhouses, and small multi-unit buildings. There are many nearby businesses and local restaraunts (BLK Girls Greenhouse, Kowbird, Nunu cafe, Kilovolt coffee, & West Oaklands Farmers Market).

Address: Price: Price/SF: Zoning: Type: Building Sqft: Lot Sqft: Parcel#: 1451 16th Street $600,000 $171.43 RM-2 Mixed Housing Type Residential - 2 Zone Mixed-Use ± 3,500 SF (Per Google Earth Measurement, Buyer to Verify) ±1,975 SF 5-370-2 Ideal for an Owner-User or Investor Corner Lot in West Oakland Opportunity Zone Upstairs unit 3bd/1ba
PROPERTY SUMMARY PROPERTY HIGHLIGHTS

Oakland’s real estate market is thriving, driven by its strategic location, diverse housing options, and cultural vibrancy. The city offers a mix of historic homes, modern condominiums, and trendy apartments to cater to different lifestyles. Its proximity to San Francisco, robust job market, and ongoing development projects make Oakland an attractive destination for homebuyers and investors. With a bustling arts scene, vibrant neighborhoods, and a strong sense of community, Oakland continues to be a desirable location in the competitive real estate market.

OAKLAND, CA west OAKLAND, CA

West Oakland’s real estate market is thriving due to its prime location, historic charm, and growing popularity. With its proximity to downtown Oakland and San Francisco, the neighborhood has become a desirable destination for homebuyers and investors. The area features a mix of Victorian homes, stylish lofts, and modern apartments, catering to a diverse range of preferences. Its accessibility, amenities, and vibrant arts and culinary scenes contribute to the neighborhood’s appeal, making West Oakland a sought-after location in the real estate market.

LOCATION HIGHLIGHTS

0.7 mi West Oakland

Bart Station

1.5 mi Downtown Oakland

2.2 mi Bay Street

Emeryville

Most Diverse Cities in America

#2 of 228

437,548 POPULATION ± 20,000/day

TRAFFIC COUNT

MEDIAN HOUSEHOLD INCOME

$85,628

MEDIAN HOME VALUE

$772,400

$1,676 MEDIAN RENT

SITE ATTRACTIONS

Fox Theater Oakland Museum of California The Cathedral of Christ the Light Jack London Square Golden Gate Bridge

WALKSCORE

98

86

89

Walk Score Bike Score

Walker‘s Paradise

You’ll enjoy walking to some great coffee shops, a variety of restaurants, grocery stores, and locally-owned shops.

Transit Score

Excellent Transit No matter where you want to go in Oakland, transit is sure to be able to take you there with ease.

Biker‘s Paradise

You can run most of your errands on your bike and not have to worry about finding a parking place.

1451 16TH STREET, OAKLAND
WEST OAKLAND BART STATION DOWNTOWN OAKLAND
Restaurants Retails • Two Pitchers Brewing • The Melt • Sweet Green • Rush Bowls • Gussies Southern Table & Bar • Lion Dance Cafe • Yummy Dim Sum • Sobre Mesa • Alamar • TrueBurger • Agave Uptown • Good News Apparel • Koreana Plaza Market • ThredUP • Swan’s Market • Howden Market • Friends of the Oakland Public Library • Bibliomania • Hill’s Shoes • Crown Nine Grocery • Trader Joes • Whole Foods • Safeway • Emeryville Grocery • Alameda Grocery • Oakland Grocery
BAY STREET EMERYVILLE
LOCAL AMENITIES

AZIZ KHATRI, CCIM

Director KWC | Broker Associate

(510) 368-8347

aziz@kw.com

DRE#: 01050721

MANO ACEBEDO, CCIM

Investment Advisor

(707) 246-9714

macebedo@kw.com

DRE#: 01872979

CHRIS KURIAKOSE

Agent

(914) 274-0242

ckuriakose@kw.com

DRE#: 02166474

DISCLAIMER

All materials and information received or derived from KW Commercial Oakland, its directors, officers, agents, advisors, affiliates, and/or any third party sources are provided without representation or warranty as to completeness, veracity or accuracy, condition of the property, compliance, or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial Oakland, its directors, officers, agents, advisors, or affiliates make any representation or warranty, express or implied, as to accuracy or completeness of any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial Oakland will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial Oakland makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial Oakland does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including those used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at, or increased to that level. Parties must evaluate any applicable contractual and governmental limitations, as well as market conditions, vacancy factors, and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by KW Commercial Oakland in compliance with all applicable fair housing and equal opportunity laws.

KW COMMERCIAL - OAKLAND DRE# 02029039

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.