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400 Lagunitas Ave 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 7.60% Cap Rate Oakland, CA 94610
INVESTMENT HIGHLIGHTS
- Recently Renovated Units
- Signifcant Upside via Turnover and ADU Potential
- Prime Location - Walk to Lake Merritt, Farmer's Market, Trader Joe's etc.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.60% | Building Size | 5,081 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | RU-2 | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,081 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | RU-2 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 010-0781-015-00 | Improvements Assessment | $1,062,936 |
| Land Assessment | $519,561 | Total Assessment | $1,582,497 |
PROPERTY TAXES
Parcel Number
010-0781-015-00
Land Assessment
$519,561
Improvements Assessment
$1,062,936
Total Assessment
$1,582,497
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400 Lagunitas Ave
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