Property Detail

570 Grand

Oakland CA 94610

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$2,998,000

Status: Active

Property Details

Description

Marcus & Millichap is pleased to present 570 Grand Avenue, a 13-unit apartment community located in Oaklands highly desirable Grand Lake district, just steps from Lake Merritt. The property consists of seven 1-bedroom/1-bath units, four 2-bedroom/1-bath units, one 3-bedroom/1-bath unit, and one studio. Offering a strong in-place 6.80% CAP rate and 8.91 GRM, the asset provides immediate cash flow with significant upside through targeted capital improvements and unit renovations. Nearly every apartment enjoys sweeping views of beautiful Lake Merritt, and the property is within easy walking distance to the best of Adams Point vibrant restaurants, cafes, and boutique shops. This is an exceptional opportunity to own a well-located, high-performing asset in one of Oakland's most sought-after neighborhoods.

Map Location

Listing Agent Eymon Binesh of Marcus & Millichap. Last updated 2025-11-21 09:41:57.000000. Listing information © 2025 CRMLS.

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