Oakland, CA 94610,429 Vernon Street
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Oakland, CA 94610,429 Vernon Street
Oakland, CA 94610,429 Vernon Street
Oakland, CA 94610,429 Vernon Street
Oakland, CA 94610,429 Vernon Street
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429 Vernon Street Oakland, CA 94610

6,276 Sqft Lot


UPDATED:

09/30/2024 06:31 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41070333

HOA Y/N No

Year Built 1905

Lot Size 6,276 Sqft

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.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 8

Building

Water Other


California Regional MLS (CRMLS)
Listed by Steven Pinza • The Pinza Group, Inc

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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429 Vernon Street