58 Vernon Street Oakland, CA 94610
7,362 Sq. Ft., 0.169 acres lot size / Apartment
Status: Sold
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The Faraday plan approved 9 unit building is a rare portfolio opportunity to acquire a newly constructed asset in a prime Oakland neighborhood close to major employers, transportation corridors, shopping, dining and entertainment. The essentials are all here - electrical, plumbing, security systems, and more. Two stunning penthouse units are move-in ready. Additional units are your blank canvas! See photos and website for more info. Oakland is California s 8th most populous city. The investment appeal includes the city s historically low housing inventory and its high concentration of tech,healthcare,green energy,& fin-tech companies. Workers drawn here by major employers like Kaiser Permanente, Renew Financial, Pandora music streaming, and Clorox. Other regional giants include Bayer, Blue Shield, Pixar Animation Studios, Tesla, Workday, 10x Genomics, UC Berkeley and three National Laboratories (Berkeley, Livermore and Sandia). The Faraday is the first new construction of its kind in Oakland s Adams Point neighborhood since 1972. Nationwide, multifamily construction for sale is at historic lows. Construction costs and approval times make it unlikely that new construction will flood the Bay Area market or the high demand for housing will be met anytime soon.
property details
Type
Apartment
Status
Closed
County
Alameda
Year Built
2020
Lot Size
7,362 Sq. Ft., 0.2 acres
Listing Id
41038611
Courtesy Of
Linnette Edwards - Abio Properties +1 925 310 4636
List Office Phone
+1 925 310 4636
Exterior Features
Parking Spaces
10
Utility & Building Info
Parcel Number
10769113
Heating
Radiant
Architectural Style
Other
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
04/24/2024
04/24/2024
|
Sold |
$2,995,000
|
CA Regional MLS (CRMLS) |
|
03/14/2024
03/14/2024
|
Pending |
$5,500,000
|
CA Regional MLS (CRMLS) |
|
01/30/2024
01/30/2024
|
Active |
$5,500,000
|
CA Regional MLS (CRMLS) |
|
09/08/2023
09/08/2023
|
Active |
$6,000,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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