429 Vernon St - Apartments FOR SALE


Oakland, CA 94610- Adams Point
$1,250,000 USD
925-946-5908
429 Vernon St, Oakland, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/14
null | 4.37% Cap Rate

429 Vernon St
Oakland, CA 94610
Adams Point


HIGHLIGHTS

  • TRANSIT-ORIENTED ADAMS POINT LOCATION; 1.3 MILES TO BART, 0.4 MILES I-580 & 1.4 MILES TO I-880
  • RENTAL UPSIDE: $343 AVG. LTL AND THREE VACANT UNITS
  • OAKLAND BOUNCE BACK 8.8% EFFECTIVE RENT GROWTH SINCE Q3 2024
  • ATTRACTIVE UNIT MIX; 7(1X1) AND 1(0X1)

OVERVIEW

Part of a 3 property, 26-unit portfolio.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

4.37%

% LEASED

62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,277 SF

ZONING

-

APN/PARCEL ID

010-0791-005-00

ASK ABOUT THIS PROPERTY

Mike ColhounWalker & Dunlop, Inc.More Info
925-946-5908

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Mike ColhounWalker & Dunlop, Inc.More Info
925-946-5908

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