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400 Lagunitas Ave, Oakland, CA, 94610

--beds
--baths
5,081sqft
$1,325,000
$261price/sqft
$9,771/moest. monthly cost
$390,840/yrincome needed

About This Home

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.

Getting Around

97
WalkingWalker's Paradise
56
TransitGood Transit
80
BikeVery Bikeable

Schools

2/10
Westlake Middle SchoolGrades 6-80.6 mi
8/10

Construction

Condition

  • Year built: 1915

Materials

  • Construction materials: Other,Shingles

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Washer,Gas Water Heater
  • Laundry features: Coin Operated,In Basement,Laundry Equip - Owned

Basement

  • Has basement: Yes
  • Basement: Partial,Storage Space

Features

  • Storage
  • Flooring: Hardwood,Vinyl,Carpet,Other,Engineered Wood

Heating & Cooling

  • Heating features: Forced Air,Wall Furnace
  • Cooling features: No Air Conditioning

Interior Area

  • Total structure area: 5,081
  • Total interior livable area: 5,081 sqft

Property

Details

  • Parcel number: 1078115
  • Special condition: Standard
  • Other equipment: Other

Features

  • Exterior features: Side Yard

Lot

  • Lot size: 6,098 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 5
  • Parking features: Detached,Other
  • Has garage: Yes