400 Lagunitas Ave - Apartments FOR SALE


Oakland, CA 94610- Adams Point
$1,500,000 USD
925-286-2737
400 Lagunitas Ave, Oakland, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/11
null | 7.6% Cap Rate

400 Lagunitas Ave
Oakland, CA 94610
Adams Point


HIGHLIGHTS

  • Recently Renovated Units
  • Prime Location - Walk to Lake Merritt, Farmer's Market, Trader Joe's etc.
  • Signifcant Upside via Turnover and ADU Potential

OVERVIEW

Outstanding value-add opportunity in Adams Point! This 8-unit converted mansion offers a mix of renovated units with significant upside through further improvements and ADU potential. Current 7.62% cap rate with a 9.5% market cap, delivering both strong cash flow and future returns. Ideally located near Lake Merritt, Uptown, and major retailers including Trader Joe’s, and Whole Foods, this is a rare chance to secure a high-performing multifamily asset in one of Oakland’s most desirable rental markets. Contract Broker for additional information.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

7.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,200 SF

ZONING

RU-2

APN/PARCEL ID

010-0781-015-00

ASK ABOUT THIS PROPERTY

Blake MartiniMartini Company Real EstateMore Info
925-286-2737

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Blake MartiniMartini Company Real EstateMore Info
925-286-2737

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