Millman Team Real Estate

$1,500,000
0.14 Acre Lot

400 Lagunitas, Oakland, California 94610

  • Residential Income Property Type
  • Garage Cars Garage
  • 1915 Year Built
Property Description

Outstanding value-add opportunity in Adams Point! This 8-unit converted mansion offers a mix of renovated units with significant upside through further improvements and ADU potential. Current 7.62% cap rate with a 9.5% market cap, delivering both strong cash flow and future returns. Ideally located near Lake Merritt, Uptown, and major retailers including Trader Joe’s, and Whole Foods, this is a rare chance to secure a high-performing multifamily asset in one of Oakland’s most desirable rental markets. Contract Broker for additional information.

Basic Details
Residential Income
For Sale
41111551
$1,500,000
1915
0.14 Acre
Active
: Shingle
Features
: Forced Air, Wall Furnace
: Garage, Other
: Carpet, Vinyl, Wood
: Public Sewer
$0
Appliances
: Dryer, Washer, Gas Water Heater
Address Map
CA
Alameda
Oakland
ADAMS POINT
94610
Lagunitas
400
W123° 44' 55.5''
N37° 48' 36''
Grand to Euclid Cross Street: Euclid.
Additional Information
$0
$0
$0
$0
$0
: See Remarks
: Yard, Corner Lot
8
2025-09-13
1500000
Broker/Agent Information
MARTINI COMPANY REAL ESTATE
Blake Martini
Listing Information
BMLS-r01908725
BMLS-OBOMCORE
Cash, Conventional
Active
2025-09-20T13:00:53Z
CRMLS
2025-09-19T17:00:00Z
Agent info
Ray Millman
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