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Jim, Justin and Vickie, Sales Associate
SOLD
$3,200,000
Date 12/27/2023

5760 Thornhill Drive
Oakland, CA 94611

Business Opportunities
Residence
0.65
Lot Size
Listing Agent: Kelly Klingler CalDRE: 01052191 - Wells & Bennett REALTORS
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.
41024354
Business Opportunities, Other
Alameda
1968
0.65 Acres
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Listing Agent: Kelly Klingler CalDRE: 01052191 - Wells & Bennett REALTORS
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