Map of Property

4-Units | Adams Point

429 - 431 Euclid Ave, Oakland, CA 94610

  • For Sale $1,250,000
  • Property Type Multi-Family
  • Property Size 3,581 SF
  • Units 4
  • Lot Size 0.14 Acre
  • Parking Spaces Avail. 3
  • Property Tenancy Multi-Tenant
  • Year Built 1963
  • Year Renovated 2020
  • Date Updated Feb 7, 2024
Adams Point is a neighborhood of Oakland, California. It is located on the northern shore of Lake Merritt, directly adjacent to Downtown Oakland and the Grand Lake district. It is a triangle bounded by Grand Avenue on the south, Harrison Street on the northwest, and the MacArthur Freeway on the northeast. It lies at an elevation of 79 feet (24 m). Neighborhood landmarks include the Veteran's Memorial Building, the Earl Warren House, the art deco Bellevue-Staten Building, Lakeside Park, one of Oakland's larger parks, and Children's Fairyland, which is in the park. 96 Walk Score 89 Bike Score 60 Transit ScoreA desirable property in a desirable location, this 4-unit Adams Point opportunity checks every box for investors. This charming Adams Point investment opportunity offers an excellent mix of income-generating units, including two 2-bed and two 1-bed units and a converted garage/work studio in the back. The property features 3 off-street parking spaces, shared coin laundry and plenty of storage. With beautiful hardwood flooring throughout, units feature handsome period details such as decorative molding, wainscoting, built-in cabinetry, exposed beams, and a decorative fireplace. Updates for both 429 (front building) and 431 (back building) include new roofing, new paint, improved kitchen and baths, water heaters, and more. With at least 10% upside gross rental income, this property is perfect for an owner-occupant buyer or investor. The 6,250-SqFt lot is steps away from Lake Merritt and a short stroll to popular eateries and boutiques along Grand and Lakeshore. Whole Foods, the farmers market, BART and freeway access are also closeby. It’s a highly desirable property for your portfolio!

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Charming Adams Point 4-Unit Investment Opportunity.
  • Excellent unit mix: (2) 2 bed and (2) 1 bed units + a converted garage into an art studio for an extra $220/month.
  • Front building was converted to a triplex (from SFR) with permits in 1984.
  • 3 off-street parking spaces.
  • Shared/Coin laundry in the basement with plenty of storage space for tenants.
  • Units feature decorative molding, built-in cabinetry, and a fireplace for decor use only.
  • At least 10% Upside Gross Rental Income.
  • Easy Access to Highway 580, 880, and 24 Freeway.
  • New roof installed in 2015.
  • 431 total remodel in 2014.
  • 431 new exterior paint in late 2020.
  • 431 garage converted to workspace - improved floor, electrical outlets. (w out permits).
  • 429B complete new kitchen & improved bath in 2021.
  • 429 new water heater in 2021.
  • Close proximity to Downtown, BART + popular nearby eateries & boutiques that Grand Lake and Lakeshore have to offer.
  • Steps Away from Lake Merritt and close to Whole Foods Market, Trader Joe's, and Weekend Farmers' Market.

Contacts

broker

Jatin Mehta

Kite Hill Real Estate

(949) 929-9562

Location

Getting Around

  • Walk Score ®

    98/100 Walker's Paradise

  • Transit Score ®

    61/100 Good Transit

  • Bike Score ®

    80/100 Very Bikeable
Powered by Walk Score ®
  • City Oakland, CA
  • Neighborhood Adams Point
  • Zip Code 94610
  • Market Bay Area

Points of Interest

  • 19th Street Oakland

    0.93 miles

  • 19th Street BART Street Elevator

    0.96 miles

  • Lake Merritt

    1.11 miles

  • Oakland City Center - 12th Street

    1.16 miles

  • Oakland-Jack London Square

    1.52 miles

  • MacArthur

    1.58 miles

  • West Oakland

    2.39 miles

  • Rockridge

    2.44 miles

  • Fruitvale

    2.84 miles

  • Emeryville

    3.06 miles

  • True Zero

    0.20 miles

  • Chevron

    0.21 miles

  • ChargePoint

    0.36 miles

  • 76

    0.36 miles

  • eVgo

    0.55 miles

  • Betts Lakeshore Chevron

    0.58 miles

  • Quick stop

    0.75 miles

  • Shell

    0.79 miles

  • Alameda County Fueling Station

    0.95 miles

  • Shell

    0.96 miles

  • Trader Joe's Parking Garage

    0.44 miles

  • 180 Grand Public Parking

    0.65 miles

  • Lake Chalet Parking

    0.68 miles

  • Kaiser Center Parking Garage

    0.70 miles

  • Scottish Rite Center Parking

    0.74 miles

  • Lake Chalet Valet Parking

    0.75 miles

  • Public Parking Garage

    0.76 miles

  • 1800 Harrison Garage

    0.81 miles

  • Regeneration Church

    0.81 miles

  • Lake Chalet Employee Parking

    0.85 miles

  • Kissel Uptown Oakland - In the Unbound Collection by Hyatt

    0.83 miles

  • Americas Best Value Inn

    0.85 miles

  • Moxy Oakland Downtown

    0.97 miles

  • The Empyrean Towers

    1.04 miles

  • Ramada by Wyndham Oakland Downtown City Center

    1.10 miles

  • Trending Inn

    1.12 miles

  • Hampton Inn

    1.15 miles

  • Civic Center Lodge

    1.22 miles

  • Oakland Marriott City Center

    1.27 miles

  • Courtyard Oakland Downtown

    1.28 miles

  • Coach Sushi

    0.07 miles

  • Comal Next Door

    0.09 miles

  • Ahn's Quarter Pound Burger

    0.10 miles

  • Grand Lake Kitchen

    0.10 miles

  • Round Table Pizza

    0.12 miles

  • House of Curries

    0.14 miles

  • Mama Oakland

    0.15 miles

  • Grand Avenue Thai Cuisine

    0.15 miles

  • Jong Ga House

    0.17 miles

  • Grandeur

    0.19 miles

  • Saint Paul's Episcopal School

    0.45 miles

  • Cleveland Elementary School

    0.59 miles

  • Westlake Middle School

    0.63 miles

  • Bay Area Public School

    0.87 miles

  • Dewey Academy

    0.92 miles

  • Street Academy High School

    0.93 miles

  • Oakland High School

    0.94 miles

  • Envision Academy of Arts & Technology

    0.96 miles

  • American Indian Public Charter School

    0.99 miles

  • La Esquelita Elementary School

    1.00 miles

  • The Lake School

    0.55 miles

  • Small Trans Depot

    0.69 miles

  • Little Stars Pre-School

    0.89 miles

  • New Day Preschool

    0.91 miles

  • Starlite Child Development Center

    0.91 miles

  • Snow White Pre School

    0.97 miles

  • Beach Schoolmates

    1.00 miles

  • Family Bridges Lake Merritt Child Care Center

    1.01 miles

  • Laney College Child Care Center

    1.05 miles

  • East Bay Academy

    1.18 miles

Frequently Asked Questions

What is the lease rate for 4-Units | Adams Point?

Rental asking rate at 4-Units | Adams Point is $625,000.00/YR.

What is the total square footage of 4-Units | Adams Point?

4-Units | Adams Point totals 3,581 square feet.

When was this property built?

4-Units | Adams Point was built in 1963.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Jatin Mehta

Kite Hill Real Estate

(949) 929-9562