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$1,500,000
Est. payment /mo
6,198 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Adams Point
MLS Listing ID 41111149
HOA Y/N No
Year Built 1915
Lot Size 6,198 Sqft
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, See Remarks, Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Roof Type Shingle
Total Parking Spaces 3
Building
Lot Description Corner Lot
Others
Tax ID 1078115
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Listed by Blake Martini MARTINI COMPANY REAL ESTATE
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Chi Hye Williams
Broker Associate | License ID: 01912994
Broker Associate License ID: 01912994