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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 Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,081 sqft
Price per Sqft $295
Subdivision Adams Point
MLS Listing ID 41111149
HOA Y/N No
Year Built 1915
Lot Size 6,200 Sqft
Property Sub-Type 5 or More Units
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, Other
Cooling None
Flooring Hardwood, Linoleum, Carpet, Other
Fireplace No
Appliance Free-Standing Range, Refrigerator, Dryer, Washer
Laundry Coin Operated, In Basement, Laundry Equip - Owned
Building
Lot Description Corner Lot
Water Water District
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613