390 Grand Ave - Apartments FOR SALE


Oakland, CA 94610- Adams Point
$2,875,000 USD
415-640-6411
390 Grand Ave, Oakland, CA for Sale
$2,875,000 USD
Apartments - FOR SALE
1/9
null | 5.86% Cap Rate

390 Grand Ave
Oakland, CA 94610
Adams Point


HIGHLIGHTS

  • Nestled in the Adams Point neighborhood, one of Oakland’s most desirable areas, known for its proximity to Lake Merritt, parks, and vibrant community.
  • Located near major transit routes and walkable amenities, including shops, restaurants, and green spaces.

OVERVIEW

390 Grand Avenue is a gem of a property located on Grand Avenue just off of Lake Merritt. The building is made up of twelve (1) bedroom (1) bath units and (1) studio in the basement. The building's charm and character are on full display as soon as you walk through the front door. The building has been well maintained by it's current ownership and is on the market for the first time in over 50 years!! Units have hardwood floors throughout with convenient layouts in HUGE units. Tenants are able to enjoy electric stoves and steam heat for their utilities. The A+ location and parking for all units except the studio make units very easy to rent. The current operation leaves over 40% rental upside for a new owner.

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

13

PRICE/UNIT

$221,154

CAP RATE

5.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,999 SF

ZONING

-

APN/PARCEL ID

010-0776-006-00

ASK ABOUT THIS PROPERTY

Matt TreadwayThe Lapham Company, Inc.More Info
415-640-6411

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Matt TreadwayThe Lapham Company, Inc.More Info
415-640-6411

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