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Oakland Multifamily Near Lake Merritt

1009 Madison St, Oakland, CA 94607

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For Sale

$2,250,000

Eight-unit Italianate building near Lake Merritt and downtown Oakland.

Type:Investment

HighLights

Certificate of Exemption from Oakland Rent Adjustment Ordinance offers immediate upside potential.
Prime location: Blocks from Lake Merritt and downtown Oakland.
Eight units in a grand, renovated Italianate building (built in 1870).
Major renovations completed starting in 2002 to meet California Building Codes.
Features include: Grand entry, high ceilings (11‑13 feet), and a beautiful garden area.
Six off‑street parking spaces.

We can help!

Listing Contact

Bruce Chambers

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For Sale

$2,250,000

Eight-unit Italianate building near Lake Merritt and downtown Oakland.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 59
Last Refresh:: Apr 24 at 4:07 pm

Property Features for 1009 Madison St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1870

We can help!

Listing Contact

Bruce Chambers

Listing agent Bruce Chambers License #00776842

Listing office WESTERN MANAGEMENT PROPERTIES, INC

Listing date Apr 24, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of WESTERN MANAGEMENT PROPERTIES, INC

HighLights

Certificate of Exemption from Oakland Rent Adjustment Ordinance offers immediate upside potential.
Prime location: Blocks from Lake Merritt and downtown Oakland.
Eight units in a grand, renovated Italianate building (built in 1870).
Major renovations completed starting in 2002 to meet California Building Codes.
Features include: Grand entry, high ceilings (11‑13 feet), and a beautiful garden area.
Six off‑street parking spaces.

Overview

This three-story Italianate building, constructed in 1870, features eight units and is located blocks from Lake Merritt and downtown Oakland. The building shares characteristics with Bay Area grand residences of the period, including a flat roof with angled, overhanging eaves and cornices decorated with brackets, 8-foot tall narrow windows on the first floor, windows with decorative hoods, quoins extending from the ground to the roof, and ornate balconies. Starting in 2002, the building underwent major renovations to address existing California Building Codes. The property has a Certificate of Exemption from the City of Oakland Rent Adjustment Ordinance. Interior features include a grand entry and high ceilings ranging from 11 to 13 feet. There are six off-street parking spaces, a garden area, and a partial basement suitable for storage or a workshop. A shared laundry room is available, along with a separate laundry area for an owner's unit. The building has a bike score of 64, a walk score of 87, and a transit score of 54.

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Local Demand

City: Oakland
County: Alameda
State: California
Longitude: -122.2658913
Latitude: 37.7991453

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For sale
Apartment buildings
CA
Oakland
94607
1009 Madison St

What type of property is this?

Apartment building - Eight-unit Italianate building near Lake Merritt and downtown Oakland.

Where is this apartment building located?

The property is located at 1009 Madison St Oakland, CA.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Certificate of Exemption from Oakland Rent Adjustment Ordinance offers immediate upside potential.; Prime location: Blocks from Lake Merritt and downtown Oakland.; Eight units in a grand, renovated Italianate building (built in 1870).