Investment Overview

This prime, well-located offering at 520 31st Street consists of a 100% vacant, fourplex, located in a prime Pill Hill location, across the street from Samuel Merritt College, and two-Blocks from Alta Bates Summit Medical Center. The location allows an easy walk to the neighborhood shopping, restaurants, and retail of Telegraph and Broadway Avenue and offers gainful nearby employment at the surrounding medical offices and Alta Bates Hospital. Nearby retail & restaurants include Walgreens, Starbucks, Sprouts Farmers Market, Oasis Food Market, Zion Market, Z-Café & Bar, Koffee Pot, Gogi Time Korean BBQ, all within an easy walk. The property sits on a 5,601 square foot lot of 0.13 acres (per county records) and is fully entitled for a 11,613 square foot nine-unit building of modular construction, with shared co-living space. Built circa 1910/1920 per county records, the property improvements currently consist of a fourplex of wood frame construction, with a flat roof, and a driveway to the north side of the property leading to a huge backyard, and additional open parking. The floorplans currently consist of four studio units, with a secured common entryway and hallway, individual gas and electric meters, and a private rear laundry area for each unit with washer/dryer hook-ups. The property is to be delivered 100% vacant at the close of escrow allowing a new buyer to temporarily rent in it’s current form as fourplex, or to immediately commence development.