One Block from Piedmont | Incredible Views! 1001 Warfield Ave 12 Unit Apartment Building $4,361,813 CAD ($363,484 CAD/Unit) 6.13% Cap Rate Oakland, CA 94610

The Mitchell Warren Team is pleased to present 1001 Warfield Avenue, a rare 12-unit apartment building located in one of Oakland’s most desirable neighborhoods. The property consists of eleven (11) large, one-bedroom, one-bathroom units and one (1) large, studio unit, averaging approximately 900 square feet. Positioned on a corner lot, the ±12,176 square foot building provides investors with strong in-place income and additional upside through continued unit turnover and rental growth. The property features 9-foot-plus ceilings, period-appropriate architectural details including beamed ceilings and original built-ins, along with generous living, dining, and bedroom spaces that enhance tenant appeal and long-term desirability. Additional amenities include eight (8) garage parking spaces, an onsite laundry room, and a dedicated workshop/office space.
1001 Warfield Avenue is positioned just steps from the City of Piedmont in Oakland’s Lakeshore neighborhood. Residents enjoy immediate access to Lakeshore and Grand Avenue, home to a mix of restaurants, cafés, boutique shopping, fitness studios, wine bars, and everyday conveniences — all contributing to the neighborhood’s walkable lifestyle. The property is located within the 94610 zip code, where the median household income exceeds $134,500 and median home prices approach $1.38 million, underscoring the area’s strong demographics. With its blend of tree-lined streets, classic architecture, proximity to Lake Merritt, and convenient access to major transit and employment centers, 1001 Warfield Avenue offers investors the rare opportunity to own an asset in one of Oakland’s most established and consistently high-performing multifamily rental markets.