Built around 1910 this grand ole Adams Point structure has lots of original character. Main entry leads into a spacious hallway with two units on the main floor and two units on the second floor. The units have hardwood floors, some units have updated kitchens and/or baths. There is a common rear door leading to the large level rear yard. Box beam ceiling in lower unit. All the units have sunny exposure. Sewer lateral and sidewalk certification are completed. Electrical service was updated to the building in 2018. Water heaters were updated 2018-2023. BPG Property Inspection available. Pest reports are available and consider this property a fixer due to largely hidden, yet substantial, pest related issues. Garage was rebuilt in 2017 and has updated electrical with sub-meter. One of the tenants rents the garage. Basement area has common laundry and individual storage. This is a trustee sale and the sale is subject to approval by the beneficiaries.
The Bay Area Multifamily Team of Colliers International is pleased to present the Lake Merritt Portfolio. Located in the heart of Oakland, the Lake Merritt Portfolio contains (4) multifamily properties located in various districts surrounding Lake Merritt. The Portfolio is being offered free and clear of debt at an incredibly attractive basis with strong in-place yields. • 33 Units 71 10th St Peralta Park District • 12 Units 430 Vernon St Adams Point District • 15 Units 646 Foothill Blvd East Lake District • 13 Units 3465 Richmond Blvd Uptown District Portfolio Highlights • Attractive Combination of Studios, 1-Bedroom, and 2-Bedroom Units • Amenities: Controlled Access, On-Site Parking, and a Laundry Facility• Professionally Managed Assets • Convenient Access to Multiple BART Stations & Premier Retail Corridors • Centrally Located Around Lake Merritt, Ability to Manage All (4) Properties
33 Home Place East, a unique five-unit apartment complex in the heart of Oakland’s Ivy Hill Neighborhood. The property features (3) large two-bedroom units and (2) three-bedroom, one-bathroom units. This property also features a 500 sf office below with full bath for potential ADU in the future (Buyer to do their own research) Situated near the end of a quiet cul-de-sac, tenants are offered security with easy access to the 580 freeway and local shops and restaurants. This day-one cash-flowing property offers rental upside and is strategically positioned to deliver long-term returns through unit remodels and upgrades. The property’s ability to attract premium tenants and maintain a meager vacancy rate provides potential investors security and stability.
Beautiful Classic Fourplex, walking distance to Grand Ave. Top neighborhood in Grand Lake area, with great mix of single family homes and small apartment buildings. Very desirable neighborhood, that will continue to get top rents in all of Oakland. Residents can walk to Grand Ave, Ace Hardware Store, Safeway, and some of the best restaurants in all of Oakland! Previous owner spent approx $150k on foundation improvements. Each unit has classic charm: hardwood floors, many closets, views, and lots of privacy. Back yard has multiple fruit trees Over $9k in gross rent per month At Market rents: $11,200 per month
809 E 28th St, a well-maintained 14-unit apartment community located in the heart of Oakland’s Ivy Hill Neighborhood. The property, featuring (6) large studio units, (7) 1-bedroom, 1-bathroom units, and (1) 2-bedroom, 1-bathroom unit, which is designed to maximize space and functionality. What sets this property apart is its unique and desirable corner lot, beautiful architecture with period-appropriate details, and five secured garage spaces. This day-one cash-flowing property offers significant rental upside and is strategically positioned to deliver long-term returns through unit remodels and upgrades. The property’s ability to attract premium tenants and maintain a very low vacancy rate, a feat it has achieved for over 22 years, provides potential investors with a sense of security and stability.
www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 429 Vernon St, an eight-unit property in Oakland's sought-after Adams Point neighborhood. This property features seven 1bd/1bth units and one studio, 1:1 off-street parking and ample storage. Its strategic location near the 19th Street BART station makes it an attractive option for commuters. The current rental rates, approximately 40% below market, reveal a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. With two units set to be delivered vacant, this property is ideal for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. Current GRM 9.92; Market GRM 7.11; Email agent on property website for more info.
www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 348-352 Jayne Ave, a distinguished five-unit property in Oakland's sought-after Adams Point neighborhood. This property features one studio and four 1-bedroom/1-bathroom units, each 570 SF, with current rental rates approximately 40% below market, offering substantial potential for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. The vacant one-bedroom unit is ideal for new investors seeking owner occupancy through a low downpayment loan or seasoned investors aiming to capitalize on market-rate rents. Situated on a large 6,500 SF lot, the building offers a 1:1 off-street parking ratio and ample storage space. Located BART Station and 580, this property offers optimal accessibility. Email agent on property website for more info. 14.26 GRM; 8.48 Market GRM
Top of Merritt; perched 4 -1 bedroom and one large studio floorplans near the Cascade at Lake Merritt. Two units have sizeable partial views of the Lake. Also, neighborhood views. Garages rented individually. All original large 9' x 11' kitchens & tile baths, three sided Edwardian style units with plenty of windows and light. Pleasant welcoming Interior stairs area, skylighted & with light. Kitchens have gas freestanding ranges, hot water heater tanks, tile counters and backdoor egress. Top 2 units recently rented, all units on month-to-month now. One unit becoming vacant. Expenses estimated at $40,608 this year (40%). Large lovely natural back yard. Walking distance to the Cascade and to Lakeshore shops.
Charming Remodeled Duplex in Prime Location With attractive Financing options available Welcome to this beautifully remodeled 2-bedroom, 1-bathroom duplex ideally situated near 580 and Highland Hospital. This turnkey property features tasteful updates including new appliances, modern flooring, and freshly painted interiors, offering a stylish and comfortable living environment. Upon entering, you'll appreciate the bright and airy feel of the open layout, complemented by abundant natural light throughout. The kitchen boasts sleek new appliances, perfect for culinary enthusiasts, while the bedrooms provide ample space and privacy. Additional highlights include a basement equipped with two washer/dryer units and generous storage space, ensuring convenience and functionality.
The lower unit is vacant. This property is zoned commercial. The other unit was used previously as an acupuncturist's office. The upper unit is being used for massage. Considerable upside exists based on the commercial zoning, and the ability to raise rents.
Grear investment opportunity with well-maintained properties, conveniently located near Lake Merritt and various transportation options. Features stable tenants and hardwood floors in all units. Property Sewer Lateral (PSL) Certificate is readily available. OPEN HOUSE FRIDAY 01/12/24 2PM TO 5PM
The median home value in Oakland, CA is $819,500. This is lower than the county median home value of $1,034,400. The national median home value is $338,100. The average price of homes sold in Oakland, CA is $819,500. Approximately 38.35% of Oakland homes are owned, compared to 54.51% rented, while 7.14% are vacant. Oakland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oakland real estate agent to arrange a tour today!
Oakland, California 94610 has a population of 437,548. Oakland 94610 is less family-centric than the surrounding county with 28.66% of the households containing married families with children. The county average for households married with children is 36.75%.
The median household income in Oakland, California 94610 is $85,628. The median household income for the surrounding county is $112,017 compared to the national median of $69,021. The median age of people living in Oakland 94610 is 36.9 years.
The average high temperature in July is 71.7 degrees, with an average low temperature in January of 43.7 degrees. The average rainfall is approximately 23.6 inches per year, with 0 inches of snow per year.