CA > Oakland
Oakland, CA 94610,570 Grand AVE
Oakland, CA 94610,570 Grand AVE
Oakland, CA 94610,570 Grand AVE
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Theresa Grant

Theresa Grant

Theresa Grant & Associates Real Estate Partners

+1(909) 442-1345
$2,998,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82027846

HOA Y/N No

Year Built 1925

Annual Tax Amount $50,141

Property Description

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.

Location

State CA

County Alameda

Area 699 - Not Defined

Zoning C-30/S-4

Interior

Cooling None

Fireplace No

Exterior

Roof Type Composition

Building

Water Public

Schools

School District Other

Others

Tax ID 0100780009

Special Listing Condition Standard

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CRMLS – RECore
Listed by Eymon Binesh Marcus & Millichap

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Theresa Grant

Theresa Grant

+1(909) 442-1345

Broker | Team Owner | License ID: 01202881

Broker | Team Owner License ID: 01202881

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