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Listed by Blake Martini • MARTINI COMPANY REAL ESTATE
$1,500,000
Est. payment /mo
5,081 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 5,081 sqft
Price per Sqft $295
Subdivision Adams Point
MLS Listing ID 41111551
HOA Y/N No
Year Built 1915
Lot Size 6,200 Sqft
Property Sub-Type OTHER
Source Bridge AOR
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
Interior
Heating Forced Air, Wall Furnace
Cooling No Air Conditioning
Flooring Hardwood, Vinyl, Carpet, Other, Engineered Wood
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Laundry Coin Operated, In Basement, Laundry Equip - Owned
Building
Lot Description Corner Lot
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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