Residential Income - 430 Vernon Street, Oakland, CA

$2,200,000

430 Vernon Street, Oakland, CA

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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

Property details

Year built

1961

Property type

Residential Income

Lot size

7,840 sqft

Location

430 Vernon Street • Oakland, CA 94610

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Listed by

Ryan Rodriguez · Colliers International

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Closed sales reported in 94610, nearest first, last 12 months. All recent sales in Oakland →