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407 Vernon St
$4,192,500

407 Vernon St

12,186 Sq.Ft.

Description

Pride of ownership 15 unit apartment building "The Tropicana" located in Adams Point neighborhood of Oakland. The property has been owned and self managed for the last 36 years by the same owner. Built in 1957 and on a 8,000 sf lot, the building consists of twelve (12) one bedroom units and three (3) two bedroom units. Amenities include 5 garages, 9 carport parking, coin operated laundry facilities, elevator & storage lockers. Recent updates include 2021 new hot water heater, 2020 new metal handrails, 2018 roof coating, 20 year thickness, 2015 back walkways & stairs and 2002 seismic retrofit. The property is separately metered for gas and electricity. The owner pays water & garbage. 4 units currently vacant. Convenient location near 580, BART, Whole Foods & Lake Merritt shops & restaurants.

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Location

407 Vernon St, Oakland, CA 94610

Status

Sold

Property Amenities

Interior
Appliances Dryer, Washer, Gas Water Heater
Flooring Laminate, Linoleum, Tile, Carpet, Other
Other Interior Features Elevator
Area & Lot
Lot Area 8,000 Sq.Ft.
Living area 12,186 Sq.Ft.
MLS® ID 40984830
Year Built 1957
Type Commercial
Status Sold
Exterior
Air conditioning None
Heat type Wall Furnace
Parking Carports - 2 Or More, Garage, Parking Lot, Assigned, Garage Faces Front, Private
Lot Features Regular
Roof Other, Flat
Utilities Other Water/Sewer, Individual Electric Meter, Individual Gas Meter
Finance
Sales Price $4,192,500

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