1001 Warfield Ave - Apartments FOR SALE


Oakland, CA 94610- Grand Lake
$3,165,000 USD
707-363-2463
1001 Warfield Ave, Oakland, CA for Sale
$3,165,000 USD
Apartments - FOR SALE
1/19
null | 6.13% Cap Rate

1001 Warfield Ave
Oakland, CA 94610
Grand Lake


HIGHLIGHTS

  • Rare 12-unit multifamily asset located one block from Piedmont in Oakland’s highly desirable Lakeshore neighborhood
  • Eleven (11) oversized one-bedroom units and one (1) large studio unit averaging approximately 900 square feet
  • Classic architectural charm featuring 9+ foot ceilings, beamed ceilings, original built-ins, and expansive living spaces
  • Strong in-place income with additional upside potential through future unit turnover and rental growth
  • Desirable tenant amenities including eight (8) garage parking spaces, on-site laundry, and a dedicated workshop/office space
  • Situated in the affluent 94610 zip code with a median household income exceeding $134,500 and median home prices nearing $1.38 million

OVERVIEW

The Mitchell Warren Team is pleased to present 1001 Warfield Avenue, a rare 12-unit apartment building located in one of Oakland’s most desirable neighborhoods. The property consists of eleven (11) large, one-bedroom, one-bathroom units and one (1) large, studio unit, averaging approximately 900 square feet. Positioned on a corner lot, the ±12,176 square foot building provides investors with strong in-place income and additional upside through continued unit turnover and rental growth. The property features 9-foot-plus ceilings, period-appropriate architectural details including beamed ceilings and original built-ins, along with generous living, dining, and bedroom spaces that enhance tenant appeal and long-term desirability. Additional amenities include eight (8) garage parking spaces, an onsite laundry room, and a dedicated workshop/office space. 1001 Warfield Avenue is positioned just steps from the City of Piedmont in Oakland’s Lakeshore neighborhood. Residents enjoy immediate access to Lakeshore and Grand Avenue, home to a mix of restaurants, cafés, boutique shopping, fitness studios, wine bars, and everyday conveniences — all contributing to the neighborhood’s walkable lifestyle. The property is located within the 94610 zip code, where the median household income exceeds $134,500 and median home prices approach $1.38 million, underscoring the area’s strong demographics. With its blend of tree-lined streets, classic architecture, proximity to Lake Merritt, and convenient access to major transit and employment centers, 1001 Warfield Avenue offers investors the rare opportunity to own an asset in one of Oakland’s most established and consistently high-performing multifamily rental markets.

FOR SALE DETAILS

PRICE

$3,165,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

12

PRICE/UNIT

$263,750

CAP RATE

6.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Block from Piedmont | Incredible Views!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

R-40, Oakland

APN/PARCEL ID

011-0856-015-03

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.