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260 Park View Ter 4 Unit Apartment Building $1,988,000 ($497,000/Unit) 5.74% Cap Rate Oakland, CA 94610
Investment Highlights
- Desirable Adams Point Location
- Benefits from the Mill's Act Tax Reduction of approximately 50%
- Qualifies for Residential Financing
- Private Garages
Executive Summary
Discover a rare opportunity to own a piece of Oakland's history at 260 Park View Terrace. Situated in the sought-after Adams Point neighborhood, this character-rich 1906 multifamily property offers four units plus one bonus unit across 3,322 SF. Whether you're an owner-occupier looking to live in one unit while generating rental income from the rest, or an investor looking to expand your portfolio, this asset offers exceptional versatility. The property's classic architecture and timeless appeal set it apart in a market where character is increasingly rare. Steps from the scenic shores of Lake Merritt and immersed in one of Oakland's most vibrant and walkable neighborhoods, the location speaks for itself. Residents enjoy easy access to dining, parks, transit, restaurants, shopping, and the energy of a truly thriving urban community. The spacious 4-bedroom unit will be delivered vacant at the Close of Escrow, offering immediate flexibility, move in, renovate, or lease at market rate from day one.
Property Facts
| Price | $1,988,000 | Apartment Style | Low-Rise |
| Price Per Unit | $497,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.74% | Building Size | 3,322 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 0.9/1,000 SF |
| Zoning | MF | ||
| Price | $1,988,000 |
| Price Per Unit | $497,000 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,322 SF |
| No. Stories | 2 |
| Year Built | 1906 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | MF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 550 - 600 |
| 2+2 | 1 | - | 840 |
| 4+1.5 | 1 | - | 1,200 |
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Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 010-0771-032-00 | Improvements Assessment | $493,500 |
| Land Assessment | $211,500 | Total Assessment | $705,000 |
Property Taxes
Parcel Number
010-0771-032-00
Land Assessment
$211,500
Improvements Assessment
$493,500
Total Assessment
$705,000
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260 Park View Ter