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Listed by Ryan Rodriguez • Colliers International
$2,200,000
Est. payment /mo
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41147466
Year Built 1961
Lot Size 7,840 Sqft
Source California Regional Multiple Listing Service (CRMLS)
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. Tour Dates: September 17th 10:00 am September 22nd 10:00 am
Location
State CA
County Alameda
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900