Incredible Opportunity on Ivy HillWonderfully maintained and updated vacant Ivy Hill Duplex with ADU potential perched on the Lake Merritt side of the hill! Located on a quiet and lightly traveled street, these distinct separately metered flats are surrounded in perpetual natural light with city views from the upstairs deck.Each flat offers a similar yet flexible floor plan making them easily rent-able, or livable as an owner occupant. The detached 2 level partially finished garage offers a unique opportunity to expand the legal square footage and create additional income generating space or build a private multi-level studio or workspace!In the rear of the lot you'll find a virtually maintenance free yard that provides tranquility along with mature fruit bearing trees and side yard access allowing an additional 3 off-street parking spots.FeaturesLower Unit 1BR+/1BA approx 1150sfUpper Unit 2BR+/1BA approx 1250sf2 story unfinished garage approx 610sf (measured)2400sf of total living space (per tax records) not including garage4000sf Lot (per tax records)Legal 2 Units each with their own entrance and metersLower Unit PROJECTED rent $3400/moUpper Unit PROJECTED rent $4200/moSewer Lateral and sidewalk compliantTremendous upside potential in a high rent location near Lake Merritt with multiple transportation options, EZ freeway access, and close proximity to amenities, restaurants, and more!!Virtual TourHouse:ADU:
Off market
Zestimate®
$991,100
2215 7th Ave, Oakland, CA 94606
4beds
0baths
2,400sqft
MultiFamily
Built in 1925
-- sqft lot
$991,100 Zestimate®
$413/sqft
$2,768 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 0
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Garbage disposal
- Laundry: Washer/Dryer Hookups
Features
- Updated Baths, Updated Kitchen, Extra Storage
- Flooring: Tile, Carpet, Hardwood, Laminate
- Doors: Mirrored Closet Door(s)
- Basement: Storage Space, Separate Entry
- Fireplace features: Fireplaces
Interior area
- Total interior livable area: 2,400 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Attached, Garage - Detached, Off-street
Features
- Patio & porch: Deck, Patio, Balcony/Patio
- Exterior features: Stucco
- Fencing: Fenced
- Has view: Yes
- View description: City
Lot
- Size: 3,920 sqft
- Features: Level, Regular
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Shake / Shingle
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- View: City Lights
- WaterSource: Public
- Flooring: Tile, Laminate, Hardwood, Partial Carpeting
- FireplaceYN: true
- GarageYN: true
- Appliances: Disposal, Gas Water Heater
- HeatingYN: true
- NumberOfUnitsTotal: 2
- PatioAndPorchFeatures: Deck, Patio, Balcony/Patio
- ExteriorFeatures: Storage, Back Yard, Side Yard, Front Yard
- ConstructionMaterials: Stucco
- Fencing: Fenced
- LotFeatures: Level, Regular
- ParkingFeatures: Tandem, Off Street, Detached Garage, Side Yard Access
- MaintenanceExpense: 0
- InsuranceExpense: 0
- Basement: Storage Space, Separate Entry
- GrossScheduledIncome: 0
- Roof: Composition Shingles
- TotalActualRent: 0
- ProfessionalManagementExpense: 0
- LaundryFeatures: Washer/Dryer Hookups
- VacancyAllowance: 0
- FireplaceFeatures: Fireplaces
- Cooling: No Air Conditioning
- InteriorFeatures: Updated Baths, Updated Kitchen, Extra Storage
- Heating: Forced Air 2 Zns or More
- DoorFeatures: Mirrored Closet Door(s)
- MlsStatus: Pending
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Estimated market value
$991,100