Bought with Eymon Binesh • Marcus & Millichap
$2,600,000
$2,995,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
10,437 SqFt
SOLD DATE : 08/08/2025
Key Details
Sold Price $2,600,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,437 sqft
Price per Sqft $249
MLS Listing ID ML82002644
Sold Date 08/08/25
Bedrooms 1
Full Baths 2
Year Built 1921
Lot Size 0.257 Acres
Property Sub-Type Five or More Units
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 Oakland Zip Code 94612
Zoning R-90
Rooms
Other Rooms Laundry Room, Office Area
Kitchen Cooktop - Gas, Countertop - Laminate, Countertop - Tile, Oven - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling None
Laundry Coin Operated
Exterior
Parking Features Detached Garage, Off-Street Parking
Garage Spaces 9.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Rolled Composition
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 8-630-10
Security Features None
Special Listing Condition Not Applicable
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 MLSListings Inc. All rights reserved.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
GET MORE INFORMATION