429 Vernon Street
Oakland, CA 94610
Active for $1,345,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 6,275 sqft
| MLS | 41070333 |
| Year Built | 1905 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $1,345,000 |
| Structure Size | N/A sqft |
| Lot Size | 6,275 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Steven Pinza, The Pinza Group, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of 11/14/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
David Wilson
REALTOR®
Direct: 310.422.4864
Email: Email Me
DRE: 01946620
DRE #01873088
.png){kind=small}