1479 Fruitvale Ave consists of 51 Apartments and 3 ground floor commercial spaces facing the street. 1465-1467 Fruitvale Ave consists of 4 ground floor commercial spaces facing the street. On the backside of both of these parcels there is a 27-space outdoor parking lot with a secure gate. Both parcels must be sold together. All the commercial spaces are leased and the apartments have significant rental upside as does the building. The building is master metered but there is a separate circuit breaker panel in each apartment making it a real value add to install separate electric meters. With an 800 amp vault box, there is plenty of power to service the electric appliances and the heat to the apartments. The vacancy factor for the building was low during the pandemic and very stable today. The vacancies in the building now are only vacant because of the remodeling that is needed. Being 2 blocks to BART, this rental location is very desirable.
