400 Lagunitas, Oakland, CA 94610
- $1,325,000
- 5,081
- SqFt
- List Price
- $1,325,000
- Status
- PENDING
- MLS#
- 41111551
- Price Change
- ▼ $75,000 1773711496
- Year Built
- 1915
- Property Type
- Other
- Living Area
- 5,081
- Lot Size
- 6,200
- Acres
- 0.14
- County
- Alameda
- Subdivision
- Adams Point
Property Description
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 8.8% cap rate with a 11% 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.
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Additional Information
- Appliances
- Dryer, Washer, Gas Water Heater
- Exterior
- Other, Shingles
- Flooring
- Hardwood, Vinyl, Carpet, Other, Engineered Wood
- Laundry Features
- Coin Operated, In Basement, Laundry Equip - Owned
- Lot Description
- Corner Lot
- Parking Features
- Detached, Other
- Roof
- Composition Shingles
- Water Sewer
- Public
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Listing courtesy of Blake Martini from MARTINI COMPANY REAL ESTATE. 925-286-2737
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