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390 Grand Ave 13 Unit Apartment Building $3,910,920 CAD ($300,840 CAD/Unit) 5.86% Cap Rate Oakland, CA 94610
Investment Highlights
- Nestled in the Adams Point neighborhood, one of Oakland’s most desirable areas, known for its proximity to Lake Merritt, parks, and vibrant community.
- Located near major transit routes and walkable amenities, including shops, restaurants, and green spaces.
Executive Summary
390 Grand Avenue is a gem of a property located on Grand Avenue just off of Lake Merritt. The building is made up of twelve (1) bedroom (1) bath units and (1) studio in the basement. The building's charm and character are on full display as soon as you walk through the front door. The building has been well maintained by it's current ownership and is on the market for the first time in over 50 years!!
Units have hardwood floors throughout with convenient layouts in HUGE units. Tenants are able to enjoy electric stoves and steam heat for their utilities. The A+ location and parking for all units except the studio make units very easy to rent. The current operation leaves over 40% rental upside for a new owner.
Units have hardwood floors throughout with convenient layouts in HUGE units. Tenants are able to enjoy electric stoves and steam heat for their utilities. The A+ location and parking for all units except the studio make units very easy to rent. The current operation leaves over 40% rental upside for a new owner.
Property Facts
| Price | $3,910,920 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $300,840 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.86% | Building Size | 14,205 SF |
| Gross Rent Multiplier | 9.98 | No. Stories | 3 |
| No. Units | 13 | Year Built | 1924 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,910,920 CAD |
| Price Per Unit | $300,840 CAD |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| Gross Rent Multiplier | 9.98 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 14,205 SF |
| No. Stories | 3 |
| Year Built | 1924 |
| Parking Ratio | 0.84/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Built-In Bookshelves
- Den
Site Amenities
- Fenced Lot
- Gated
- Gas Range
- Recycling
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (92)
Property Taxes
| Parcel Number | 010-0776-006-00 | Improvements Assessment | $577,678 CAD |
| Land Assessment | $221,129 CAD | Total Assessment | $798,807 CAD |
Property Taxes
Parcel Number
010-0776-006-00
Land Assessment
$221,129 CAD
Improvements Assessment
$577,678 CAD
Total Assessment
$798,807 CAD
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390 Grand Ave
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