430 Vernon Street, Oakland, CA 94610
- $2,200,000
- 8,004
- SqFt
- List Price
- $2,200,000
- Status
- ACTIVE
- Year Built
- 1961
- MLS#
- 41147466
- Living Area
- 8,004
- Lot Size
- 7,840
- Type
- Multifamily
- Zip
- 94610
- city
- Oakland
- Neighborhood
- Alameda County
Property Description
430 Vernon Street, a 12-unit apartment community situated on a 0.18-acre parcel in Oakland, California. The property offers residents convenient community amenities and a strategic location just minutes from major Downtown Oakland employment hubs, vibrant retail destinations, and Lake Merritt. With convenient access to key regional thoroughfares, including I-580 and I-980, the property benefits from a robust tenant profile seeking a commuter-friendly location paired with a park-like setting. With in-place rents currently exhibiting a 20.17% loss-to-lease, 430 Vernon Street offers investors solid in-place cash flow from day one with a clear opportunity for future rent growth and long-term appreciation in one of the East Bay's strongest markets.
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Additional Information
- Lot Description
- Other
- Flooring
- Other
- Heating
- Other
- Cooling
- Other
- Exterior
- Other
- Roof
- Other
- Garageparking
- Other
- Water Sewer
- Other
- Building Type
- Other
- Acres
- 0.18
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Listing courtesy of Ryan Rodriguez from Colliers International. 510-433-5816
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