654 Vernon St | Oakland, CA 94610
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
654 Vernon St
Oakland, CA 94610
654 Vernon · Residential Property For Sale · 7 Units
Investment Highlights
- Steps away from essential retail, grocery stores, restaurants and services
- Great access to I-580
- Onsite laundry facility
- All apartments are two-story Townhouses with interior stairs
- Off-street gated parking
Executive Summary
The highest achieved leases at the property demonstrate that there is immediate rental upside with the property in its current condition under its current unit renovation
program. In addition to capturing loss-to-lease, nearby market comparables indicate the property is approximately 23% under-rented when compared to similar vintage
properties with more extensive renovations. Property performance shows that the rent potential of 654
Vernon St is 23% above the current rent schedule.
program. In addition to capturing loss-to-lease, nearby market comparables indicate the property is approximately 23% under-rented when compared to similar vintage
properties with more extensive renovations. Property performance shows that the rent potential of 654
Vernon St is 23% above the current rent schedule.
PROPERTY FACTS
| Price Per Unit | £223,275 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 4.99% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 10 | Building Size | 20,184 SF |
| No. Units | 7 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.34/1,000 SF |
| Price Per Unit | £223,275 |
| Sale Type | Investment |
| Net Initial Yield | 4.99% |
| Gross Rent Multiplier | 10 |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 20,184 SF |
| Number of Floors | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.34/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | - |
| 3+1.5 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 010-0831-021-00 | Improvements Assessment | £1,167,433 |
| Land Assessment | £500,328 | Total Assessment | £1,667,761 |
PROPERTY TAXES
Parcel Number
010-0831-021-00
Land Assessment
£500,328
Improvements Assessment
£1,167,433
Total Assessment
£1,667,761
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
