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Listed by Eymon Binesh • Marcus & Millichap
$ 2,998,000
Est. payment /mo
New
570 Grand AVE Oakland, CA 94610
6 Beds
4 Baths
9,482 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,482 sqft
Price per Sqft $316
MLS Listing ID ML82027846
Bedrooms 6
Full Baths 4
Year Built 1925
Lot Size 4,120 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
Marcus & Millichap is pleased to present 570 Grand Avenue, a 13-unit apartment community located in Oaklands highly desirable Grand Lake district, just steps from Lake Merritt. The property consists of seven 1-bedroom/1-bath units, four 2-bedroom/1-bath units, one 3-bedroom/1-bath unit, and one studio. Offering a strong in-place 6.80% CAP rate and 8.91 GRM, the asset provides immediate cash flow with significant upside through targeted capital improvements and unit renovations. Nearly every apartment enjoys sweeping views of beautiful Lake Merritt, and the property is within easy walking distance to the best of Adams Point vibrant restaurants, cafes, and boutique shops. This is an exceptional opportunity to own a well-located, high-performing asset in one of Oakland's most sought-after neighborhoods.
Location
State CA
County Alameda
Area Oakland Zip Code 94610
Zoning C-30/S-4
Interior
Heating Gas
Cooling None
Laundry Coin Operated
Exterior
Parking Features Attached Garage
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Views
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Tax ID 010-0780-009
Special Listing Condition Not Applicable
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