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    671 Vernon St Oakland, CA 94610

    For Sale
    $7,095,000

    Well-maintained 31-unit apartment building in Oakland's Grand Lake neighborhood.

    Property size:
    20,185 SF

    Property Features for 671 Vernon St

    General Information

    Size
    20,185 SF

    Building Details

    Year built
    1961

    Source: Tim Warren Agent Tim Warren

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oakland Multifamily Investment Opportunity

    Constructed in 1961, this well-maintained 31-unit apartment building is situated in Oakland’s desirable Grand Lake neighborhood. The property contains eight two-bedroom/one-bath units, twenty one-bedroom/one-bath units, and three studio units. The location is near Piedmont and steps from the Morcom Rose Garden. Residents have access to Piedmont Avenue's dining, coffee shops, retail boutiques, and conveniences, plus quick connectivity to major transit routes and BART. The property has a new roof, various unit improvements, and a completed seismic retrofit. Amenities include covered gated parking, private balconies in select units, a pool, and an on-site laundry room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fire Within Life ... Counselor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2485363
    Latitude
    37.8201997

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 31-unit apartment building in Oakland's Grand Lake neighborhood.
    Where is this apartment building located?
    The property is located at 671 Vernon St Oakland, CA.
    What is the asking price?
    The asking price for this property is $7,095,000.
    What are key features of this property?
    This property features: - Unbeatable location in Oakland's highly desirable Grand Lake neighborhood; - Diverse unit mix with 31 units: (8) 2-bed/1-bath, (20) 1-bed/1-bath, and (3) studio apartments; - Recent upgrades including a new roof and a complete seismic retrofit
    (707) 363-2463
    Request Owner's contact information
    671 Vernon St Oakland, CA 94610
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    Oakland, CA 94610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    671 Vernon St Oakland, CA 94610
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