California
Oakland
400 Lagunitas

$1,500,000

400 Lagunitas, Oakland, CA 94610

Multi-Family Home
Built in 1915
6,199sqft lot
—— car garage
$——/sqft
Listed 21 days ago

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.

Listing Status:: Active
Date Added:: September 13, 2025 at 05:00AM
Listing Office:: MARTINI COMPANY REAL ESTATE : 925-286-2737
Listing Agent:: Blake Martini : 925-286-2737
MLS ID:: 41111551

Appliances: Gas Water HeaterDryerWasher
Flooring: CarpetVinylWood
A/C: None
Heating: Forced AirWall Furnace

Parking: GarageOtherParking spaces: 5

Roofing: Shingle
General: See Remarks

HOA Amenities: 0.0
Originating MLS: CRMLS_BMLS
County: Alameda

Zoning: 1078115

Sewer: Public Sewer

Source: CRMLS_BMLS

This listing courtesy of Blake Martini, MARTINI COMPANY REAL ESTATE

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Cleveland Elementary School

745 Cleveland St, Oakland, CA, 94606

Grades KG-5

0.57 miles away

Westlake Middle School

2629 Harrison St, Oakland, CA, 94612

Grades 6-8

0.62 miles away

Oakland High School

1023 MacArthur Blvd, Oakland, CA, 94610

Grades 9-12

0.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.