429 Vernon Street
Oakland, CA 94610
0.14 acres | #41070333
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Original List Price$1,345,000
- MLS #41070333
- MLS #41070333
- CountyAlameda
- Cost1345000
- Acres0.1441
- Utility SourceOther
- Year Built1905
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Steven Pinza (#BMLS-R01867691)
Listing Office: The Pinza Group, Inc (#BMLS-OBPINZA)
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