Adams Point Multifamily Investment
For Sale
$1,325,000
Pending
400 Lagunitas, Oakland, CA 94610
Eight-unit multifamily property in desirable Oakland location near Lake Merritt.
Property SizeContact for details
Lot Size0.14 Acres
Days on Market156
Property Features for 400 Lagunitas
General Information
Standard status
Pending
Lot size
0.14 Acres
Property subtype
Investment
Building Details
Year Built
1915
Units
8
Listing Agency:
MARTINI COMPANY REAL ESTATE
(925) 286-2737
Listed By:
Blake Martini · License #01908725
(925) 286-2737
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
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 MARTINI COMPANY REAL ESTATE
Investment Insights
Based on property information with market context.
This eight-unit converted mansion in Adams Point presents a value-add opportunity. The property features a mix of renovated units with potential for further improvements and additional dwelling units. The current capitalization rate is 7.62%, with a potential market capitalization rate of 9.5%. The property is located near Lake Merritt, Uptown, and major retailers such as Trader Joe’s and Whole Foods, in a desirable Oakland rental market.
Key Highlights
- High‑performing multifamily asset with a current 7.62% cap rate.
- Significant upside potential through further unit renovations and ADU development.
- Prime location in the desirable Adams Point neighborhood, near Lake Merritt and Uptown.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,834
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily property in desirable Oakland location near Lake Merritt.
Where is this apartment building located?
The property is located at 400 Lagunitas Oakland, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: High‑performing multifamily asset with a current 7.62% cap rate.; Significant upside potential through further unit renovations and ADU development.; Prime location in the desirable Adams Point neighborhood, near Lake Merritt and Uptown.
