Description
872 Warfield is the rare opportunity to acquire a 5-unit multifamily asset, available for the first time in 35 years! This 5,000± SF parcel is located between vibrant Lakeshore Avenue & Grand Avenue in one of Oakland's most sought-after submarkets (Grand Lake). Boasting a "Walker's Paradise" Walk Score® of 94, rental demand is driven by this idyllic neighborhood and its eateries, boutiques, safety and proximity to Lake Merritt & various transit options. This property features 5 total units: (4) exceptionally large 1BD/1BA apartments and (1) fully remodeled studio delivered vacant. 3 of 5 units have been remodeled and updated in recent years, ideal for investors searching for an updated asset with future upside and value-add. Other notables: shared coined laundry; 5 individual water heaters; storage lockers; 8 off-street parking spaces; updated windows; and enclosed backyard with fruit trees, veggie beds & room to reimagine unused space!
Location
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