765 Rand Ave

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Address: 765 Rand Ave, Oakland, California, US
Created date: February 20, 2024
Date last updated: February 20, 2024
  • Trophy 29 Unit Asset in Oakland’s Lakeshore Neighborhood
  • Premium units consisting of (15) 2bd/2ba units, (1) 2bd/1ba unit, and (13) 1bd/1ba units
  • Capital Improvements Include fresh exterior paint, new roof, vinyl windows, and significant unit upgrades
  • Large units with balconies, 28 garage parking spaces, four on-site laundry rooms, and views of Lake Merritt
  • Property features a 98 walk score and is considered a “Walker’s Paradise” by walkscore.com
  • Steps from both Lakeshore and Grand Avenues offering amazing eateries, Starbucks, Trader Joe’s, and more

Property Description

The Mitchell Warren Team is pleased to present 765 Rand Avenue, a TROPHY 29-unit apartment community located in the heart of Oakland's Lakeshore Neighborhood. The property offers condo quality units consisting of (15) Large 2-bedroom, 2-bathroom units, (1) 2-bedroom, 1-bathroom unit, and (13) 1-bedroom, 1-bathroom units. Amenities include a parking garage with 28 spaces, four on-site laundry rooms (one on each floor), balconies, and fireplaces in select units. Recent Improvements include fresh exterior paint, a new roof, and vinyl windows. This property offers a rare combination of strong cash flow, significant rental upside, and an A++ location ideally positioning the property to deliver above-market returns.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $9,950,000
No. of Units: 29
Year Built: 1971
Lot Size: 0.30 Sq ft
Opportunity Zone: No
Price per unit: $343,103
Property Website Click Here
Address: 765 Rand Ave, Oakland, CA 94610, USA
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