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(10) 2bd/2ba Units and (6) 1bd/ba Units 469 Van Buren Ave 16 Unit Apartment Building $5,360,964 CAD ($335,060 CAD/Unit) 6.03% Cap Rate Oakland, CA 94610
Investment Highlights
- Prime Adams Point location just one block from Grand Avenue and Lake Merritt
- Attractive unit mix featuring ten spacious 2BD/2BA units, five 1BD/1BA units, and one penthouse-style 2BD/2BA unit with roof deck
- Exceptional walkability with a 97 Walk Score near Grand Lake Kitchen, Shakewell, The Alley, Almond & Oak and the Grand Lake Theatre
- Well-maintained 16-unit apartment community built in 1966 located on a large 26,800 square foot corner lot
- Amenities include private balconies, secured first-floor parking garage, and an on-site laundry room
- Strong in-place income with significant rental upside potential and convenient access to Downtown Oakland, BART, Highway 24, and Interstate 580
Executive Summary
The Mitchell Warren Team is pleased to present 469 Van Buren Avenue, a well-maintained 16-unit apartment community located in Oakland’s highly desirable Adams Point neighborhood. Built in 1966, the property consists of ten (10) spacious two-bedroom/two-bathroom units, five (5) one-bedroom/one-bathroom units, and one (1) penthouse-style two-bedroom/two-bathroom unit. Situated on a large corner lot totaling approximately 26,800 square feet, the property features private balconies and a secured first-floor parking garage. With strong in-place income and significant rental upside potential, 469 Van Buren Avenue offers investors the opportunity to acquire a pride-of-ownership multifamily asset in a premier East Bay location just steps from Lake Merritt, Downtown Oakland, and major transportation corridors.
Property Facts
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Walk-In Closets
- Carpet
- Dining Room
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Trash Pickup - Curbside
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 10 | $3,514 CAD | 950 - 1,457 |
| 1+1 | 6 | $2,196 CAD | 775 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 010-0779-002-00 | Improvements Assessment | $2,823,361 CAD |
| Land Assessment | $1,210,012 CAD | Total Assessment | $4,033,374 CAD |
Property Taxes
Parcel Number
010-0779-002-00
Land Assessment
$1,210,012 CAD
Improvements Assessment
$2,823,361 CAD
Total Assessment
$4,033,374 CAD
Contacts
-
Timothy Warren -
Randell Silva -
Kent Mitchell -
Adam Beeri -
NAI Northern California
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(10) 2bd/2ba Units and (6) 1bd/ba Units | 469 Van Buren Ave
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