430 Vernon Street, Oakland, CA 94610

$2,200,000
8,004
SqFt

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Listed by Ryan Rodriguez, (510) 433-5816 from Colliers International
(If provided) CoList: from

List Price
$2,200,000
MLS#
BE41147466
Status
ACTIVE
Sqft. of Residence
8,004
Lot Size
7,840
Listing Area
Oakland Zip Code 94610

Property Description

430 Vernon Street, a 12-unit apartment community situated on a 0.18-acre parcel in Oakland, California. The property offers residents convenient community amenities and a strategic location just minutes from major Downtown Oakland employment hubs, vibrant retail destinations, and Lake Merritt. With convenient access to key regional thoroughfares, including I-580 and I-980, the property benefits from a robust tenant profile seeking a commuter-friendly location paired with a park-like setting. With in-place rents currently exhibiting a 20.17% loss-to-lease, 430 Vernon Street offers investors solid in-place cash flow from day one with a clear opportunity for future rent growth and long-term appreciation in one of the East Bay's strongest markets. Tour Dates: September 17th 10:00 am September 22nd 10:00 am

Additional Information

Acres
0.18
Amenities
Other
Cooling System
Other
Energy Features
Other
Exterior Features
Other
Floor Covering
Other
Garage Parking
Other
Heating System
Other
Laundry Facilities
Other
Living Area
8,004
Lot Description
Other
Lot Size
7,840
Neighborhood
Oakland Zip Code 94610
Numberof Units
12
Roof
Other
Unincorporated Yn
Yes

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