429 Vernon ST, Oakland, CA 94610 - MLS#EB41070333 - Eric Boyenga

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 1,345,000

Est. payment | -/mo

5,008 SqFt

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$ 1,345,000

Est. payment | -/mo

Save

5,008 SqFt

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

Originating Board Bridge MLS

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

Listed by Steven Pinza • The Pinza Group, Inc

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA