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.
For sale
$1,500,000
400 Lagunitas Ave, Oakland, CA 94610
--beds
--baths
5,081sqft
Est.:
MultiFamily
Built in 1915
-- sqft lot
$-- Zestimate®
$295/sqft
$-- HOA
What's special
Converted mansionRenovated units
- 22 days |
- 479 |
- 20 |
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