429 Vernon Street, Oakland, CA 94610

Photo 1 Photo 2 Photo 3

Property Description

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 429 Vernon St, an eight-unit property in Oakland's sought-after Adams Point neighborhood. This property features seven 1bd/1bth units and one studio, 1:1 off-street parking and ample storage. Its strategic location near the 19th Street BART station makes it an attractive option for commuters. The current rental rates, approximately 40% below market, reveal a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. With two units set to be delivered vacant, this property is ideal for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. Current GRM 9.92; Market GRM 7.11; Email agent on property website for more info.

Interior Features

Bedroom Information
Bedrooms N/A
Interior Information
Cooling Type See Remarks

Listing Information

Address 429 Vernon Street
City Oakland
State CA
Zip 94610
County Alameda
Listing Agent Steven Pinza DRE #01867691
Courtesy Of The Pinza Group, Inc
List Price $1,345,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 6,275
Year Built 1905

Listing information courtesy of: Steven Pinza, The Pinza Group, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.