RE/MAX Accord
Adam Cox - DRE #01824392 , RE/MAX AccordPhone: (925) 209-6152
Email: [email protected]
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listing
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Single FamilyFor Sale
$1,345,000
429 Vernon Street
Oakland, CA 94610
Listed by: Steven Pinza from The Pinza Group, Inc, (510) 725-4775
MLS: Bay East Contra Costa (BECCAR)
5,008Sq Ft
Est. Mortgage
$7,043/mo

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 429 Vernon St, an eight-unit property in Oakland's sought-after Adams Point neighborhood. This property features seven 1bd/1bth units and one studio, 1:1 off-street parking and ample storage. Its strategic location near the 19th Street BART station makes it an attractive option for commuters. The current rental rates, approximately 40% below market, reveal a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. With two units set to be delivered vacant, this property is ideal for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. Current GRM 9.92; Market GRM 7.11; Email agent on property website for more info.

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Information courtesy of The Pinza Group, Inc is subject to verification and is not guaranteed.
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