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570 Grand Ave 13 Unit Apartment Building $4,184,968 CAD ($321,921 CAD/Unit) 6.80% Cap Rate Oakland, CA 94610
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 570 Grand Avenue, a 13-unit apartment community located in Oaklands highly desirable Grand Lake district, just steps from Lake Merritt. The property consists of seven 1-bedroom/1-bath units, four 2-bedroom/1-bath units, one 3-bedroom/1-bath unit, and one studio. Offering a strong in-place 6.80% CAP rate and 8.91 GRM, the asset provides immediate cash flow with significant upside through targeted capital improvements and unit renovations. Nearly every apartment enjoys sweeping views of beautiful Lake Merritt, and the property is within easy walking distance to the best of Adams Point vibrant restaurants, cafes, and boutique shops. This is an exceptional opportunity to own a well-located, high-performing asset in one of Oakland's most sought-after neighborhoods.
PROPERTY FACTS
| Price | $4,184,968 CAD | Property Subtype | Apartment |
| Price Per Unit | $321,921 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.80% | Lot Size | 0.09 AC |
| Gross Rent Multiplier | 8.91 | Building Size | 9,482 SF |
| No. Units | 13 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1925 |
| Zoning | CN-2/S-12 | ||
| Price | $4,184,968 CAD |
| Price Per Unit | $321,921 CAD |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Gross Rent Multiplier | 8.91 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,482 SF |
| No. Stories | 5 |
| Year Built | 1925 |
| Zoning | CN-2/S-12 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 7 | - | 750 |
| 2+1 | 4 | - | 950 |
| 3+1 | 1 | - | 1,200 |
Walk Score®
Walker's Paradise (99)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 010-0780-009-00 | Improvements Assessment | $3,478,201 CAD |
| Land Assessment | $1,495,750 CAD | Total Assessment | $4,973,950 CAD |
PROPERTY TAXES
Parcel Number
010-0780-009-00
Land Assessment
$1,495,750 CAD
Improvements Assessment
$3,478,201 CAD
Total Assessment
$4,973,950 CAD
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570 Grand Ave
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