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Multifamily

570 Grand Ave

570 Grand Ave, Oakland, CA 94610

Listing Price: $4,095,000

Cap Rate
5.46%
Number of Units
13
GRM
11.67
Price/Unit
$315,000
Price/Gross SF
$431.87
Gross SF
9,482

Investment Overview

570 Grand Ave is a 13-unit investment opportunity located in the thriving city of Oakland, California.

Situated on a 9,482 square foot parcel of land, the subject property was originally constructed in 1925 and has a gross building area of approximately 4,120 square feet, offering its tenants beautifully designed three-bedroom, two-bedroom, one-bedroom and studio floor plans.

The property is located in the exceptional neighborhood of Adams Point, a family friendly neighborhood positioned just north of Lake Merritt. One of the most unique neighborhoods in all of Oakland, Adams Point combines the exciting urban life of Downtown Oakland with the peaceful suburban feel of Lake Merritt.

The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California.

The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 570 Grand Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most dynamic and desirable locations in the East Bay.
  • Extraordinary Neighborhood - The subject property is located in Adams Point, a family friendly community positioned just north of Lake Merritt.
  • Desirable Unit Mix - Residents enjoy beautifully designed three-bedroom, two- bedroom, one-bedroom and studio floor plans.
  • Excellent Transportation Corridors - 570 Grand Ave offers residents easy access to Interstate 80, Interstate 880, Interstate 580, the San Francisco - Oakland Bay Bridge and access to several BART stations.

Exclusively Listed By

Multifamily

570 Grand Ave

Listing Price: $4,095,000

Cap Rate
5.46%
Number of Units
13
GRM
11.67
Price/Unit
$315,000
Price/Gross SF
$431.87
Gross SF
9,482

Investment Highlights

  • Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most dynamic and desirable locations in the East Bay.
  • Extraordinary Neighborhood - The subject property is located in Adams Point, a family friendly community positioned just north of Lake Merritt.
  • Desirable Unit Mix - Residents enjoy beautifully designed three-bedroom, two- bedroom, one-bedroom and studio floor plans.
  • Excellent Transportation Corridors - 570 Grand Ave offers residents easy access to Interstate 80, Interstate 880, Interstate 580, the San Francisco - Oakland Bay Bridge and access to several BART stations.

Investment Overview

570 Grand Ave is a 13-unit investment opportunity located in the thriving city of Oakland, California. Situated on a 9,482 square foot parcel of land, the subject property was originally constructed in 1925 and has a gross building area of approximately 4,120 square feet, offering its tenants beautifully designed three-bedroom, two-bedroom, one-bedroom and studio floor plans. The property is located in the exceptional neighborhood of Adams Point, a family friendly neighborhood positioned just north of Lake Merritt. One of the most unique neighborhoods in all of Oakland, Adams Point combines the exciting urban life of Downtown Oakland with the peaceful suburban feel of Lake Merritt. The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California. The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 570 Grand Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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