Vernon Gardens Apartments
Multifamily | 31 Units
Marketing description
Built in 1961, 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. The property is positioned at the edge of Piedmont and just steps from the serene Morcom Rose Garden, offering residents a peaceful, residential setting while maintaining easy access to the vibrant amenities of Piedmont Avenue. The building's location also offers excellent connectivity, with quick access to major transit routes and BART stations, providing seamless commutes throughout the East Bay and into San Francisco.
671 Vernon Street offers an unbeatable location in one of Oakland’s most desirable neighborhoods, positioned right at the edge of Piedmont and just steps from the serene Morcom Rose Garden. The property provides residents with a peaceful, residential setting while maintaining easy access to the vibrant amenities of Piedmont Avenue. The building’s location also offers excellent connectivity, with quick access to major transit routes and BART stations, providing seamless commutes throughout the East Bay and into San Francisco. With its combination of neighborhood charm, proximity to nature, and walkable access to shopping and dining, 671 Vernon Street represents a prime opportunity in the Oakland multifamily market.
Investment highlights
- Unbeatable Location – Positioned at the edge of Piedmont and steps from the Morcom Rose Garden in Oakland’s highly desirable Grand Lake neighborhood.
- Walkable Lifestyle – Easy access to Piedmont Avenue’s dining, coffee shops, retail boutiques, and conveniences, plus quick connectivity to major transit routes and BART.
- Diverse Unit Mix – 31 total units including (8) two-bedroom/one-bath, (20) one-bedroom/one-bath, and (3) studio units, appealing to a wide range of tenants.
- Recent Upgrades – Includes a new roof, various interior improvements, and a completed seismic retrofit for enhanced safety and long-term stability.
- Tenant-Friendly Amenities – Covered gated parking, balconies in select units, a pool, and an on-site laundry room support strong tenant demand.
- Strong Investment Potential – Prime location and desirable unit mix create a stable, high-demand asset with long-term upside in the Oakland multifamily market.
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