429 Vernon ST Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94610
Key Details
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,008 sqft
Price per Sqft $268
MLS Listing ID EB41070333
Year Built 1905
Lot Size 6,275 Sqft
Property Description
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.
Location
State CA
County Alameda
Area Other Area
Interior
Cooling Other
Flooring Other
Exterior
Exterior Feature Other
Garage Other
Garage Spaces 8.0
Roof Type Other
Building
Lot Description Other
Water Other
Others
Special Listing Condition Not Applicable