Prized Rockridge Investment Property
Offered at $1,995,000
4,815 Sq Ft
10,300 Sq Ft
5476 Vicente Way
Located on a cul-de-sac in a prized Oakland location off Claremont Ave just steps from Telegraph Ave, 5476 Vicente Way offers an attractive income generating opportunity with an owner SFR plus 4 rental apartments located behind the owner home. The stand-alone main home was built in 1915 and offers two sunny bedrooms, one bathroom, formal living and dining rooms and a spacious, eat-in kitchen. The home retains many original Craftsman features with hardwood floors, built-in bookshelves and cabinets, a wood-burning fireplace, tray ceilings and high wainscot paneling with plate rails.
The 2-story apartment complex that sits behind the SFR, connected by a breezeway, consists of 2 adjacent upper level, Craftsman-era apartments at the rear of the complex and 2 street level apartments. Some of the apartments have been recently refreshed with new carpeting, paint and appliances. A laundry space on the property presently offers free service to the tenants, but pay machines can be put in place to augment revenue, or the laundry and adjoining storage area has the potential to be converted into a 5th rental unit. Two of the apartments are presently vacant and ready for immediate occupancy, generating current market rental rates. The property has an appealing unit mix of 3 apts with 2/BR+1BA, and 1 apt with 1/BR+1BA. Each rental has its own street address and billed utilities (PGE+EBMUD).
This well-maintained property offers the opportunity to live in a vintage Craftsman home in the heart of Rockridge while accruing a return on investment with 4 on-site rental units, or to rent out the main home for an even greater return. This highly desirable location is close to the cafes/shops on Claremont, College and Telegraph avenues and UCSF Benioff Children’s Hospital, with easy access to BART and freeways.
Unit 5480 – Owner’s Unit
Unit 5482 – Matterport Unavailable
Unit 5476 – Matterport Unavailable