Multifamily
Grand at Rockridge
1985 Pleasant Valley Ave, Oakland, CA 94611
Listing Price: $8,250,000
Investment Overview
The Grand at Rockridge is a stunning 27-unit apartment with the potential to add 3 approved ADUs located at 1985 Pleasant Valley Ave in the thriving city of Oakland, California.
Situated on a 19,735 square foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 19,660 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans.
The subject property has undergone significant interior and exterior capital improvements amounting to over $1.3 million including updated electrical, sewer lateral, mailbox, security, windows, exterior paint, ADU architect service/city fees, pool renovation, soft story retrofit, staircase upgrades and extensive interior renovations with 18 of the 27 properties fully upgraded. Well positioned in the beautiful hills of Oakland, the Grand at Rockridge is up the street from Piedmont Avenue which features a myriad of dining, retail, and shopping options. The location overlooks the San Francisco Bay and offers residents numerous parks, wooded paths, and other picnic facilities. Residents also have access to many top schools that the coveted location offers. Located directly across the Bay Bridge from San Francisco, Oakland serves as the seat of the Bay Area’s Alameda County. Residents in Oakland have convenient commuting options to San Francisco and the greater Bay Area. The city also has a diverse and robust list of top employers. The tech, health, and financial sectors are represented with Square, Pandora Media, Kaiser Permanente, Sutter Health, Blue Shield and Credit Karma.
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, the Grand at Rockridge presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Grand at Rockridge
Investment Highlights
- Investors have the opportunity to acquire a well-located asset in one of the most dynamic and desirable locations in Oakland.
- Qualified investors can increase and grow their cashflow by building 3 additional pre-approved one-bedroom/one-bathroom ADUs.
- The subject property has recently undergone significant interior and exterior renovations totaling approximately $1.3 million.
- The Grand at Rockridge offers beautifully designed two-bedroom and one-bedroom floor plans that feature modern unit amenities in select units.
- The subject property is less than three blocks away from a myriad of high-end dining, shopping and entertainment options.
Exclusively Listed By
Listing Price: $8,250,000
Investment Highlights
- Investors have the opportunity to acquire a well-located asset in one of the most dynamic and desirable locations in Oakland.
- Qualified investors can increase and grow their cashflow by building 3 additional pre-approved one-bedroom/one-bathroom ADUs.
- The subject property has recently undergone significant interior and exterior renovations totaling approximately $1.3 million.
- The Grand at Rockridge offers beautifully designed two-bedroom and one-bedroom floor plans that feature modern unit amenities in select units.
- The subject property is less than three blocks away from a myriad of high-end dining, shopping and entertainment options.
Investment Overview
The Grand at Rockridge is a stunning 27-unit apartment with the potential to add 3 approved ADUs located at 1985 Pleasant Valley Ave in the thriving city of Oakland, California. Situated on a 19,735 square foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 19,660 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property has undergone significant interior and exterior capital improvements amounting to over $1.3 million including updated electrical, sewer lateral, mailbox, security, windows, exterior paint, ADU architect service/city fees, pool renovation, soft story retrofit, staircase upgrades and extensive interior renovations with 18 of the 27 properties fully upgraded. Well positioned in the beautiful hills of Oakland, the Grand at Rockridge is up the street from Piedmont Avenue which features a myriad of dining, retail, and shopping options. The location overlooks the San Francisco Bay and offers residents numerous parks, wooded paths, and other picnic facilities. Residents also have access to many top schools that the coveted location offers. Located directly across the Bay Bridge from San Francisco, Oakland serves as the seat of the Bay Area’s Alameda County. Residents in Oakland have convenient commuting options to San Francisco and the greater Bay Area. The city also has a diverse and robust list of top employers. The tech, health, and financial sectors are represented with Square, Pandora Media, Kaiser Permanente, Sutter Health, Blue Shield and Credit Karma. 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, the Grand at Rockridge presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Exclusively Listed By
