Christopher Danesi at RE/MAX Accord
East Bay Condo ManiaMLS: 41050856 $2,500,000
Bedrooms with Baths1009 MADISON ST
OAKLAND CA 94607MLS: 41050856
Status: ACTIVE
List Price: $2,500,000
Price per SQFT: $415
Square Footage: 6028Bedrooms
Baths
Year Built: 1870
Zip Code: 94607
Listing Remarks
Beautiful Italianate consisting of 8 units just blocks to Lake Merritt and downtown Oakland. This 3 story structure was originally built in 1870 and shares characteristics similar to many Bay Area grand residences of that period, flat roof with angled , overhanging eaves and cornices decorated with many brackets, 8’ tall narrow windows on the 1st floor, windows with decorative hoods, corners of the building that have quoins extending from the ground to the roof, ornate balconies that provide a distinct break in the horizontal line of the primarily rectangular design. Starting in 2002 the building went through major renovations to address existing California Building Codes. Due to the major renovations, the building has a Certificate of Exemption from the City of Oakland Rent Adjustment Ordinance which offers immediate upside potential. The property features a grand entry, high ceilings ranging from 11-13 feet. The property has 6 off-street parking spaces, a beautiful garden area for the residents to enjoy, a partial basement which offers great storage or a possible workshop. There’s a shared laundry room and a separate laundry area for an owners unit. Pride of ownership is evident throughout.
Address: 1009 MADISON ST OAKLAND CA 94607
Listing Courtesy of BRUCE CHAMBERS of WESTERN MANAGEMENT PROPERTIES, INC
Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2024-02-23 LIVING AREA SQ FT: 6028 YEAR BUILT: 1870 APPLIANCES INCLUDED: Dryer, Washer, Gas Water Heater CONSTRUCTION: Frame, Wood Siding EXTERIOR FEATURES: Garden FLOORING: Laminate, Partial Carpeting, Tile, Other HEATING: Wall Furnace COOLING: None INTERIOR FEATURES: Storage LAUNDRY FEATURES: Common Area, Dryer, Washer LOT FEATURES: Level, Regular PARKING FEATURES: Assigned, Other PROPERTY TYPE: Commercial Sale PROPERTY SUB TYPE: Lowrise (1-3 Flrs) ROOF: Composition Shingles, Rolled/Hot Mop LISTING AGENT: BRUCE CHAMBERS LISTING OFFICE: WESTERN MANAGEMENT PROPERTIES, INC
Estimated Monthly Payments
List Price: $2,500,000 20% Down Payment: $500,000 Loan Amount: $2,000,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $12,641 Estimate does not include taxes, fees, insurance.
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Property Location: 1009 MADISON ST OAKLAND CA 94607
This Listing
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Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
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Last Updated: 2024-04-27