Turn-Key Adams Point Fourplex 368 Adams St 4 Unit Apartment Building $1,817,662 CAD ($454,415 CAD/Unit) 5.54% Cap Rate Oakland, CA 94610

4-unit apartment complex located in Adams Point near many popular restaurants, shopping options, and outdoor activities. The unit mix offers three (3) 1bd/1bth units and one unit with strong current income and excellent rental upside. Currently, the property is 100% leased to stable tenants providing for an opportunity for the next owner to increase rents over time for increased cash flow. The property was originally built in 1925, offers approximately 3,250 square feet of rental space, and sits on a 6,250 square foot lot, with a huge backyard, and room for off-street parking for all the tenants. The units have been remodeled over time and offer newer kitchens, bathrooms, upgraded electrical and plumbing, new flooring, newer paint, and more. The property is easy to manage with very little maintenance providing low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a high demand Adams Point location near Lake Merritt, Grand Lake shopping, with easy access to downtown Oakland. The Adams Street area is one of the city’s most established and in-demand sub-markets and is always easy to rent. The neighborhood features a mix of historic and infill multifamily housing, walkable streets, and consistent tenant demand driven by proximity to Downtown Oakland and key employment centers. Residents benefit from nearby restaurants, cafés, and grocery stores.
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