tomo logo

$1,750,000

Beds
4
Baths
4.5
sq ft
4,516

435 Vernon St, Oakland, CA 94610

435 Vernon St

Oakland, CA 94610

  • 117 days on market
Gorgeous, fully renovated, 12-bedroom Adam's Point house offering a variety of options for both owner-occupants and investors. All the bedrooms were previously rented individually and the income averaged approximately $20,000/month. The front house offers 11 bedrooms, 4.5 bathrooms and in the backyard there is a 1-bedroom, 1-bathroom ADU. The entire property has been fully renovated with new electrical and plumbing systems, new HVAC systems, custom tile, custom lighting, hardwood floors, double pane windows, and more. The kitchen was expanded and fully remodeled in 2020 and features Viking appliances, Hansgrohe fixtures, and a variety of other high-end details. The ADU was legalized, gutted, and completely renovated in 2020. The entire property is currently vacant, creating the perfect opportunity for an investor seeking high market rents. and owner-occupant, or a co-living organization. This is an attractive Adam's Point location near Lake Merritt, BART, Downtown Oakland, and the shopping on Lakeshore Avenue.

Details

Property type

Single Family Residence

Est. home value

$2,315,447

Lot size

6,545 sq ft

Price per sq ft

$388

Year built

1914

Price History

07/28/2024
BridgeMLS

BridgeMLS #41068014

Listed
$1,750,000
-22.22%
06/04/2024
BridgeMLS

BridgeMLS #41045021

Removed
$2,250,000
01/23/2024
BridgeMLS

BridgeMLS #41045021

Listed
$2,250,000
+92.31%

Schools & Community

Neighborhood: 

Oakland Ave-Harrison St

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Preferred Bank

Loan start date

May 2020

Original loan amount

$1,650,000

Est. remaining balance

Not provided

Interest rate

3.4%

Loan type

Not Provided

Seller

Narashiba Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 6:35 PM

Listing updated: 09/25/2024 at 4:11 PM

Listed by: David Howarth, The Pinza Group, Inc Phone #: (510) 822-1331

MLS: BridgeMLS #41068014

BridgeMLS logo

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