254-256 29th Street
Multifamily | 4,308 Units | $417/unit
Marketing description
Presenting 254–256 29th Street, a well-maintained 4-unit multifamily property in Oakland’s highly sought-after Adams Point neighborhood. Built in 1926, the property features four spacious 2-bedroom units plus an additional in-law unit, with modern upgrades including renovated interiors, stainless steel appliances, and updated flooring.
Two units are currently vacant, offering immediate upside for an owner-user or the ability to achieve market rents. The property also sits on a large lot with potential for ADU development (buyer to verify), providing additional long-term value.
Ideally located near shopping, dining, BART, and major freeways, this asset offers strong in-place income, a 5.33% cap rate, and excellent upside in a prime Oakland rental market.
Investment highlights
Well-maintained 4-unit property plus in-law unit in prime Adams Point location
5.33% cap rate | 12.09 GRM with strong in-place income
Two vacant units offering immediate rental upside or owner-user opportunity
Modern upgrades with renovated interiors and stainless steel appliances
Large lot with ADU potential by converting detached garages (buyer to verify)
Separately metered utilities for lower operating expenses
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