1001 Warfield Avenue, Oakland
1001 Warfield Avenue, Oakland, CA
Price:$3,165,000
Property Size:12,176sqft
Cap Rate:6.13%%
Lot Size:6,574sqft
Units:12
Year Built:1928
Status:For Sale
highlights
- Rare 12-unit multifamily asset located one block from Piedmont in Oakland’s highly desirable Lakeshore neighborhood
- Eleven (11) oversized one-bedroom units and one (1) large studio unit averaging approximately 900 square feet
- Classic architectural charm featuring 9+ foot ceilings, beamed ceilings, original built-ins, and expansive living spaces
- Strong in-place income with additional upside potential through future unit turnover and rental growth
- Desirable tenant amenities including eight (8) garage parking spaces, on-site laundry, and a dedicated workshop/office space
- Situated in the affluent 94610 zip code with a median household income exceeding $134,500 and median home prices nearing $1.38 million
- Two rooftop cell tower leases are available for separate purchase, generating an additional $5,237 in monthly income
Location
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