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Listed by Timothy Warren • NAI Northern California
$ 7,095,000
Est. payment | /mo
20,185 SqFt
$ 7,095,000
Est. payment | /mo
20,185 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 20,185 sqft
Price per Sqft $351
Subdivision Grand Lake
MLS Listing ID 41111409
HOA Y/N No
Year Built 1961
Lot Size 0.298 Acres
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
671 Vernon Street is a well-maintained 31-unit apartment building located in Oakland's highly desirable Grand Lake neighborhood. The property features eight (8) two-bedroom/one-bath units, twenty (20) one-bedroom/one-bath units, and three (3) studio units, appealing to a wide range of renters in this strong, high-demand market. A new roof, various unit improvements, and a complete seismic retrofit were completed in recent years. Amenities include covered gated parking, private balconies in select units, a pool, and an on-site laundry room. With its prime location, recent improvements, and attractive unit mix, 671 Vernon Street represents a compelling opportunity for investors seeking a stable, well-located asset with long-term upside potential.
Location
State CA
County Alameda
Interior
Heating Electric
Cooling None
Flooring Hardwood, Laminate, Tile, Vinyl, Carpet
Fireplace No
Building
Lot Description Rectangular Lot, Landscaped, Street Light(s)
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745