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Turn-key Fourplex | Large ~1,000 SF Units 256 29th St 4 Unité Immeuble d’appartements 2 479 254 $ CAD (619 813 $ CAD/Unité) 5,33% Taux de capitalisation Oakland, CA 94611
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Faits saillants de l'investissement
- Four ~1,000 SF 2-bedroom units plus one in-law unit
- Substantial rental upside with a 6.5% cap rate on market rents
- Pride of ownership asset with top of the line renovations and capital expenditures
- Owner's unit to be delivered vacant - ideal opportunity for an owner-user
- Large 6,274 lot presents a wealth of opportunity to add ADU's where three detached garages stand
- Sought after Adam's Point location one block from Sprouts shopping center
Résumé de l'annonce
OPEN HOUSE: Saturday March 28th and Sunday March 29th - 12:00 pm - 2:00 pm
Introducing 254–256 29th Street, a compelling investment opportunity located in Oakland’s highly sought-after Adams Point neighborhood. This 4,308 SF property, originally built in 1926, consists of four spacious ~1,000 SF 2-bedroom, 1-bathroom units, along with an additional 2-bedroom, 1- bathroom in-law unit. The building has been thoughtfully upgraded and meticulously maintained, featuring modernized interiors with renovated kitchens and bathrooms, stainless steel appliances, and updated flooring
throughout. Two units are currently vacant, offering immediate upside for an owner-occupant or the ability to achieve market rents for a pure investment play.
Situated on a generous lot, the property presents strong potential for additional ADU development in place of the three detached garages (buyer to verify). The asset is separately metered for gas and electricity, with individual water heaters for each unit, contributing to efficient operations and reduced expenses. With its prime location, strong in-place fundamentals, and clear value-add potential, 254–256 29th Street represents a rare opportunity to acquire a well-performing asset with both
stability and upside in one of Oakland’s most desirable rental markets.
256 29th Street is located in Oakland's Adam's Point/ Westlake neighborhood. This highly sought after location is within walking/ biking distance to some of Oakland's top neighborhoods, including Grand Lake, Piedmont Avenue, and downtown. Tenants enjoy being one block from Grocery Outlet as well as a short walk to the shops on Broadway such as Sprouts, CVS Pharmacy, Starbucks, Chipotle, and many more. The commuter central location provides easy access to 19th Street BART, I-580, I-880, I-980, leading to main employment hubs in downtown Oakland, Berkeley, and San Francisco.
Introducing 254–256 29th Street, a compelling investment opportunity located in Oakland’s highly sought-after Adams Point neighborhood. This 4,308 SF property, originally built in 1926, consists of four spacious ~1,000 SF 2-bedroom, 1-bathroom units, along with an additional 2-bedroom, 1- bathroom in-law unit. The building has been thoughtfully upgraded and meticulously maintained, featuring modernized interiors with renovated kitchens and bathrooms, stainless steel appliances, and updated flooring
throughout. Two units are currently vacant, offering immediate upside for an owner-occupant or the ability to achieve market rents for a pure investment play.
Situated on a generous lot, the property presents strong potential for additional ADU development in place of the three detached garages (buyer to verify). The asset is separately metered for gas and electricity, with individual water heaters for each unit, contributing to efficient operations and reduced expenses. With its prime location, strong in-place fundamentals, and clear value-add potential, 254–256 29th Street represents a rare opportunity to acquire a well-performing asset with both
stability and upside in one of Oakland’s most desirable rental markets.
256 29th Street is located in Oakland's Adam's Point/ Westlake neighborhood. This highly sought after location is within walking/ biking distance to some of Oakland's top neighborhoods, including Grand Lake, Piedmont Avenue, and downtown. Tenants enjoy being one block from Grocery Outlet as well as a short walk to the shops on Broadway such as Sprouts, CVS Pharmacy, Starbucks, Chipotle, and many more. The commuter central location provides easy access to 19th Street BART, I-580, I-880, I-980, leading to main employment hubs in downtown Oakland, Berkeley, and San Francisco.
Faits sur la propriété
| Prix | 2 479 254 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 619 813 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,14 AC |
| Taux de capitalisation | 5,33% | Taille du bâtiment | 4 308 pi² |
| Multiplicateur du loyer brut | 12.09 | Occupation moyenne | 96% |
| Nombre d’unités | 4 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1926 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,39/1 000 pi² |
| Zonage | R70, Oakland - Résidentiel - Densité Moyenne | ||
| Prix | 2 479 254 $ CAD |
| Prix par unité | 619 813 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,33% |
| Multiplicateur du loyer brut | 12.09 |
| Nombre d’unités | 4 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,14 AC |
| Taille du bâtiment | 4 308 pi² |
| Occupation moyenne | 96% |
| Nombre d’étages | 2 |
| Année de construction | 1926 |
| Ratio de stationnement | 1,39/1 000 pi² |
| Zonage | R70, Oakland - Résidentiel - Densité Moyenne |
Commodités
Commodités des unités
- Lave-vaisselle
- Traitement des déchets
- Laveuse/Sécheuse
- Chauffage
- Cuisine
- Planchers de bois franc
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Bain/Douche
- Walk-in
- Cour
- Salle à manger
- Salle de séjour
- Unité de belle-mère
Commodités du site
- Cour
- Terrain clôturé
- Espace d'entreposage
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Très praticable à pied
80/100
Moyennement facile d’accès en voiture
70/100
Transports en commun robustes
80/100
Moyennement praticable en vélo
70/100
Impôts fonciers
| Numéro de lot | 010-0803-004-00 | Évaluation des bâtiments | 1 600 062 $ CAD |
| Évaluation du terrain | 685 741 $ CAD | Évaluation totale | 2 285 803 $ CAD |
Impôts fonciers
Numéro de lot
010-0803-004-00
Évaluation du terrain
685 741 $ CAD
Évaluation des bâtiments
1 600 062 $ CAD
Évaluation totale
2 285 803 $ CAD
Contacts
-
Jonathan Burmenko -
Grant Chappell -
Robert Chappell -
Sam Hayes -
NAI Northern California
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
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Présenté par
Turn-key Fourplex | Large ~1,000 SF Units | 256 29th St
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