671 Vernon St - Apartments FOR SALE


Oakland, CA 94610- Grand Lake
$7,095,000 USD
707-363-2463
671 Vernon St, Oakland, CA for Sale
$7,095,000 USD
Apartments - FOR SALE
1/20
null | 6.47% Cap Rate

671 Vernon St
Oakland, CA 94610
Grand Lake


HIGHLIGHTS

  • Positioned at the edge of Piedmont and steps from the Morcom Rose Garden in Oakland’s highly desirable Grand Lake neighborhood
  • Easy access to Piedmont Avenue’s dining, coffee shops, retail boutiques, and conveniences, plus quick connectivity to major transit
  • Diverse Unit Mix – 31 total units including (8) two-bedroom/one- bath, (20) one-bedroom/one-bath, and (3) studio units
  • Recent Upgrades include a new roof, various interior improvements, and a completed seismic retrofit
  • Covered gated parking, balconies in select units, a pool, and an on-site laundry room support strong tenant demand
  • Prime location and desirable unit mix create a stable, high-demand asset with long-term upside in the Oakland multifamily market

OVERVIEW

The Mitchell Warren Team is pleased to present 671 Vernon Street, a well-maintained 31-unit apartment building located in Oakland’s highly desirable Grand Lake neighborhood. The property features eight (8) two-bedroom/one-bath units, twenty (20) one-bedroom/one-bath units, and three (3) studio units, appealing to a wide range of renters in this strong, high-demand market. A new roof, various unit improvements, and a complete seismic retrofit were completed in recent years. Amenities include covered gated parking, private balconies in select units, a pool, and an on-site laundry room. With its prime location, recent improvements, and attractive unit mix, 671 Vernon Street represents a compelling opportunity for investors seeking a stable, well-located asset with long-term upside potential. 671 Vernon Street offers an unbeatable location in one of Oakland’s most desirable neighborhoods, positioned right at the edge of Piedmont and just steps from the serene Morcom Rose Garden. The property provides residents with a peaceful, residential setting while maintaining easy access to the vibrant amenities of Piedmont Avenue. The building’s location also offers excellent connectivity, with quick access to major transit routes and BART stations, providing seamless commutes throughout the East Bay and into San Francisco. With its combination of neighborhood charm, proximity to nature, and walkable access to shopping and dining, 671 Vernon Street represents a prime opportunity in the Oakland multifamily market.

FOR SALE DETAILS

PRICE

$7,095,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

31

PRICE/UNIT

$228,871

CAP RATE

6.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two Blocks from Piedmont | 6.47% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1961

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,981 SF

ZONING

N/Av, Oakland

APN/PARCEL ID

010-0830-009-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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