View of traditional style home
Office area featuring wood finished floors and beamed ceiling
Kitchen featuring white appliances, healthy amount of natural light, white cabinetry, and light countertops
Living room featuring beam ceiling and wood finished floors
Kitchen with white appliances, open shelves, light wood-style flooring, white cabinetry, and under cabinet range hood
Bedroom with wood finished floors
Kitchen featuring stainless steel appliances, white cabinets, light wood-type flooring, island range hood, and backsplash
Bedroom featuring light wood-style flooring and a desk
Full bath with shower / tub combo with curtain and vanity
Kitchen featuring white cabinets, stainless steel appliances, dark wood-style floors, open shelves, and decorative backsplash
Bathroom with shower / bath combo with shower curtain, vanity, and light wood-style floors
Stairs with beamed ceiling, mail area, and carpet flooring
Staircase with a wainscoted wall, arched walkways, wallpapered walls, and carpet floors
View of balcony
Description
Outstanding value-add opportunity in Adams Point! This 8-unit converted mansion offers a mix of renovated units with significant upside through further improvements and ADU potential. Current 8.8% cap rate with a 11% market cap, delivering both strong cash flow and future returns. Ideally located near Lake Merritt, Uptown, and major retailers including Trader Joe’s, and Whole Foods, this is a rare chance to secure a high-performing multifamily asset in one of Oakland’s most desirable rental markets. Contract Broker for additional information.
Details
| MLS # | 41111551 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1915 |
| Days On Site | 362 |
| Listing Provided By | MARTINI COMPANY REAL ESTATE | Blake Martini |
Features
| Units | 8 |
|---|---|
| Acreage | 0.14 |
Interior
| Heating | Forced Air, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Gas Water Heater, Dryer, Washer |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | See Remarks |
| Lot Features | Corner Lot, Yard |
Parking
| Parking Features | Garage, Other |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94610 |
| Community Name | ADAMS POINT |
Request a showing
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Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94610 |
| Community Name | ADAMS POINT |
Nearby Listings (Within 1/10 mile)
Price: $993K - $1.656M
sqft: 0 - 0
 | $1,325,000400 LagunitasOakland, CA 94610 |
 | $3,695,000469 Van Buren AveOakland, CA 94610 |
 | $1,295,000455 Lagunitas AveOakland, CA 94610 |
Listing Updated: August 21, 2026 at 10:34:03 PM PDT