Great property located along the rapidly developing corridor between Lake Merritt and San Antonio Park/Fruitvale. Rare opportunity to upgrade 3 (of the 5) large apartments that are vacant. Once rented, this property has a tremendous cash flow potential with a pro-forma 7.7% CAP rate and a 10x gross-rent multiplier. The restaurant has a solid clientele and 2 years left on their lease. In addition, the billboard on the property provides steady cash flow and the contract is up for renewal at the end of next year and primed for an increase in rent. In addition, there is a 1800sf basement workshop with separate entrance that can be rented. Roof was partially redone in 2009 and finished in 2014 . Owner installed new sewer line to 13th Ave in 2000. On-site coin-op laundry.
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