Listed by Walker & Dunlop
$1,250,000
429 Vernon Street
Details
APN 010-0791-005-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,008
Units 8
Cap Rate 4.37%
NOI $54,619
Price per SqFt $250
Year Built 1905
Acreage 0.144
Parking Spaces 4 spaces
Parking Per SqFt 0.80
Investment Type Value Add
Multifamily | 8 Units | $156,250/unit
Marketing description
Walker & Dunlop, as the exclusive advisor, is pleased to present the opportunity to acquire 429 Vernon Street, 7 (1x1) and 1 (0x1) in Oakland, California.
Located in the heart of Oakland, 429 Vernon Street is an 8-unit multifamily property built in 1905, featuring a unit mix of 7(1x1) and 1(0x1). This classic asset is well positioned in the Adams Point neighborhood.
Investment highlights
- Transit-oriented Adams Point Location; 1.3 Miles to Bart, 0.4 Miles I-580 & 1.4 Miles to I-880
- Oakland Bounce Back 8.8% Effective Rent Growth Since Q3 2024
- Rental Upside: $343 Avg. LTL And Three Vacant Units
- Attractive Unit Mix; 7(1x1) and 1(0x1)
Listing Contacts
Listed by Walker & Dunlop
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,619.00
$4,551.58/mo
Valuation Metrics
0
DSCR
4.37%
Cap Rate
4.37%
ROI
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