Oakland, CA 94611,5760 Thornhill Drive
Oakland, CA 94611,5760 Thornhill Drive
Oakland, CA 94611,5760 Thornhill Drive
Oakland, CA 94611,5760 Thornhill Drive
See all 4 photos

$3,200,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

0.65 Acres Lot


SOLD DATE : 12/27/2023

Key Details

Sold Price $3,200,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41024354

Sold Date 12/27/23

HOA Y/N No

Year Built 1968

Annual Tax Amount $65,016

Lot Size 0.650 Acres

Property Description

MAJOR PRICE REDUCTION! REDUCED BY $500,000! Wells & Bennett is pleased to present this exceptional, one-of-a-kind opportunity to acquire 5736-5772 Thornhill Drive, situated on approximately +/- .65 acres of land in the prestigious Montclair Community of Oakland, California (the “Property”). The property is comprised of two parcels and five buildings totaling approximately +/- 11,226 square feet. (Buyer to verify). Both parcels to be sold together. This is a mixed-use property containing (8) retail spaces and (8) residential units. The zoning is RH-4 Hillside Residential, and CN-3 Neighborhood Commercial. The property has been in the same family since 1969. Built in 1968 and in 1990, this 11,226 square foot property offers an uncommon opportunity to an investor to acquire a premium property in an excellent location. Currently 95% leased to fifteen (15) tenants on short term leases, the Property presents a rare opportunity for an investor to add-value to the property by increasing rents to market standards. With extremely low vacancy rates, and rare small units, an investor can push the rents to achieve an optimized return on investment.

Location

State CA

County Alameda

Zoning Mix

Interior

Fireplace No

Exterior

Roof Type Composition,Shingle,Tar/Gravel

Total Parking Spaces 15

Others

Tax ID Two Parcels

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Kelly Klingler • Wells & Bennett REALTORS
Bought with Kelly Klingler • Wells & Bennett REALTORS
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 294-0414

randy@randyplaice.com

25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.