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    5612 Martin Luther King Jr Way

    Oakland, CA 94609
    • $4,500,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 40920398
    UPDATED: 78 min ago
    $4,500,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:
    Area:

    School Ratings & Info

    Description

    The Resonance is a 9-Unit, mixed-use community comprised of 1 newly constructed 6-Unit apartment building and 1 fully-renovated 3-Unit mixed-use building that includes 2 work/live units created in 2018. The newly constructed building and the 2 work/live units are not subject to Oakland Rent Control. The newly constructed 6-Unit building features high-end, modern finishes including radiant heated, sealed concrete floors, patios or balconies for each unit, washers and dryers in each unit, modern light fixtures, large subway tiled bathtub surrounds, brass accents and Samsung stainless steel appliances. The building is newly equipped with photovoltaic (PV) solar providing a green and efficient building sought out by environmentally conscious tenants while almost completely wiping out all common area owner utility responsibilities. Additionally all units are separately sub-metered for water and individually metered for electricity.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-27T23:40:57.603.

    www.lucasgphomes.com/homes/109923725
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    5612 Martin Luther King Jr Way Oakland, CA 94609

    • Price: $4,500,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: 40920398
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2020
    Built
    Neighborhood:
    Oakland
    County:
    Alameda
    Area:
    Oakland
    Property Description
    The Resonance is a 9-Unit, mixed-use community comprised of 1 newly constructed 6-Unit apartment building and 1 fully-renovated 3-Unit mixed-use building that includes 2 work/live units created in 2018. The newly constructed building and the 2 work/live units are not subject to Oakland Rent Control. The newly constructed 6-Unit building features high-end, modern finishes including radiant heated, sealed concrete floors, patios or balconies for each unit, washers and dryers in each unit, modern light fixtures, large subway tiled bathtub surrounds, brass accents and Samsung stainless steel appliances. The building is newly equipped with photovoltaic (PV) solar providing a green and efficient building sought out by environmentally conscious tenants while almost completely wiping out all common area owner utility responsibilities. Additionally all units are separately sub-metered for water and individually metered for electricity.
    Exterior Features

    Additional Misc Features Balcony/PatioOther Exterior Dual Pane WindowsStuccoWood FrameOtherSiding - Stucco Lot Description Regular Parking Description None Parking Spaces Total 0 Parking Spaces Unit1 0 Parking Spaces Unit2 0 Parking Spaces Unit3 0 Parking Spaces Unit4 0 Roof OtherRolled Composition

    Interior Features

    Air Cond Unit1 No Air Cond Unit2 Yes Air Cond Unit3 No Air Cond Unit4 No All Units Have DeckDishwasherDisposalMicrowaveOtherOven Range Free StandingPatioRefrigeratorUpdated BathsUpdated Kitchen Apx Sq Ft Unit1 356 Apx Sq Ft Unit2 859 Apx Sq Ft Unit3 675 Apx Sq Ft Unit4 1800 Basement None Bathrooms Unit1 1 Bathrooms Unit2 1 Bathrooms Unit3 1 Bathrooms Unit4 1.5 Bedrooms Unit1 0 Bedrooms Unit2 1 Bedrooms Unit3 2 Bedrooms Unit4 3 Cooling Ceiling Fan(S)Central 2 Or 2+ Zones A/COther Dining Room Unit1 No Dining Room Unit2 No Dining Room Unit3 No Dining Room Unit31 Yes Fireplace Unit1 No Fireplace Unit2 No Fireplace Unit3 No Fireplace Unit4 Yes Flooring Concrete SlabVinyl Heating Floor FurnaceRadiant Laundry DryerInside UnitWasher Range Oven Unit1 Yes Range Oven Unit2 Yes Range Oven Unit3 Yes Range Oven Unit4 Yes Refrigerator Unit1 Yes Refrigerator Unit2 Yes Refrigerator Unit3 Yes Refrigerator Unit4 Yes Some Units Have DeckDishwasherDisposalMicrowaveOtherOven Range Free StandingPatioRefrigeratorUpdated BathsUpdated Kitchen

    Property Features

    Annual Expense Year 0 Annual Gross Fee Income 0 Annual Gross Sched Income 300712 Annual Insurance Expense 0 Annual License Expense 0 Annual Maintenance Exp 0 Annual Management Expense 0 Annual Miscellaneous Inc 0 Annual Rental Inc 0 Annual Taxes 0 Annual Total Oper Exp 82935 Annual Utility Expense 0 Annual Vacancy Expense 0 Building Type Midrise (4-6 Flrs) City Transfer Tax Yes Disabled Features Other Energy Saving Feature Solar Power Equipment Additional DryerWasherWater Heater ElectricWater Heater SolarOtherCarbon Mon DetectorSmoke DetectorSolarIndividual Electric MeterIndividual Gas Meter Existing Lease Terms None Financial Data Source BrokerOtherOwnerProjected Gross Oper Actual Inc 0 Net Operating Income 217777 Operating Expenses ElectricGasInsuranceLicense/AdsMaintenance/RepairManagementMiscellaneous/OtherOtherProperty Tax/AssessmentsTrash RemovalUtilitiesVacancy FactorWater Other Annual Expense 0 Point Of Sale Ordinance Yes Rent Unit1 2225 Rent Unit2 2948 Rent Unit3 3250 Rent Unit4 4000 Separate Meters ElectricGasOther Special Information None Tenant Pays ElectricGasOtherTrashWater Tot Bldg Sq Ft 7744 Total Deposits 0 Views BayBay BridgeCity LightsDowntownGolden Gate BridgeHillsLakePanoramicPartialSan FranciscoBridgesCity Water Sewer Sewer System - PublicWater - Public Zoning Cn-3

    Listing courtesy of Keith Manson of Cbre.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-27T23:40:57.603.

     
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