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.
Lechavarria@onthegorealestate.com
