CA > Oakland
Oakland, CA 94610,570 Grand AVE
Oakland, CA 94610,570 Grand AVE
Oakland, CA 94610,570 Grand AVE
Oakland, CA 94610,570 Grand AVE
Oakland, CA 94610,570 Grand AVE
Oakland, CA 94610,570 Grand AVE
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Pete Ruiz

Pete Ruiz

+1(831) 277-8712
Listed by Eymon Binesh • Marcus & Millichap
$ 2,998,000
Est. payment | /mo

6 Beds

4 Baths

9,482 SqFt

Save
$ 2,998,000
Est. payment | /mo
Save

6 Beds

4 Baths

9,482 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,482 sqft

Price per Sqft $316

MLS Listing ID ML82027846

Bedrooms 6

Full Baths 4

Year Built 1925

Lot Size 4,120 Sqft

Property Sub-Type Five or More Units

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 Oakland Zip Code 94610

Zoning C-30/S-4

Rooms

Other Rooms Laundry Room

Interior

Heating Gas

Cooling None

Laundry Coin Operated

Exterior

Parking Features Attached Garage

Garage Spaces 3.0

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Views

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 010-0780-009

Security Features Fire Alarm ,Secured Garage / Parking

Special Listing Condition Not Applicable

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Pete Ruiz
Pete Ruiz

Team Lead | License ID: 01974535

+1(831) 277-8712

7777 Alvarado Rd, La Mesa, CA, 91942, USA

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570 Grand AVE