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Listed by Blake Martini • MARTINI COMPANY REAL ESTATE
$1,500,000
Est. payment /mo
3 Beds
3 Baths
5,081 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,081 sqft
Price per Sqft $295
MLS Listing ID EB41111149
Bedrooms 3
Year Built 1915
Lot Size 6,200 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
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.
Location
State CA
County Alameda
Area Oakland Zip Code 94610
Interior
Heating Forced Air, Wall Furnace
Cooling None
Flooring Linoleum, Other, Carpet - Wall to Wall, Hardwood
Laundry In Basement, Laundry Facility - Coin-Op, Washer/Dryer - Owned, Dryer
Exterior
Exterior Feature Other
Parking Features Detached Garage, Guest / Visitor Parking, Other
Garage Spaces 3.0
Roof Type Composition
Building
Sewer Sewer - Public
Others
Tax ID 10-781-15
Special Listing Condition Not Applicable
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