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390 Grand Ave 12 Unit Apartment Building $3,000,000 ($250,000/Unit) 5.62% Cap Rate Oakland, CA 94610
INVESTMENT HIGHLIGHTS
- Nestled in the Adams Point neighborhood, one of Oakland’s most desirable areas, known for its proximity to Lake Merritt, parks, and vibrant community.
- Located near major transit routes and walkable amenities, including shops, restaurants, and green spaces.
EXECUTIVE SUMMARY
Contact the Matt Treadway for the offering memorandum.
PROPERTY FACTS
| Price | $3,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.62% | Building Size | 14,205 SF |
| Gross Rent Multiplier | 9.98 | No. Stories | 3 |
| No. Units | 12 | Year Built | 1924 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| Gross Rent Multiplier | 9.98 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 14,205 SF |
| No. Stories | 3 |
| Year Built | 1924 |
| Parking Ratio | 0.84/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 010-0776-006-00 | Improvements Assessment | $422,650 |
| Land Assessment | $161,786 | Total Assessment | $584,436 |
PROPERTY TAXES
Parcel Number
010-0776-006-00
Land Assessment
$161,786
Improvements Assessment
$422,650
Total Assessment
$584,436
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390 Grand Ave
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