508 Valle Vista 506-508 Valle Vista Ave Immeuble residentiel 5 lots 1 097 852 € (219 570 €/Lot) Taux de capitalisation 5,49 % Oakland, CA 94610

508 Valle Vista Avenue is a five-unit multifamily property located in Oakland's Grand Lake neighborhood, offering investors the opportunity to acquire a well-maintained asset with a blend of character, functionality, and long-term tenant appeal. The unit mix consists of one studio apartment, three one-bedroom/one-bath residences, and one two-bedroom/one-bath residence, providing diversification across multiple renter profiles.
Current ownership has carefully maintained the property while preserving its architectural character and period details. Units have been thoughtfully remodeled during tenant turnover, balancing updated interiors with the charm and features that contribute to the building's identity. This combination of historic character and ongoing improvements creates a welcoming residential environment and supports continued tenant demand.
A standout feature of the property is its attractive outdoor setting. The landscaped garden area and rear outdoor space provide residents with additional areas to relax and gather, enhancing the overall living experience. These outdoor amenities contribute to the property's appeal within an urban neighborhood setting where access to private open space is highly valued.
Situated in Oakland's established Grand Lake neighborhood, the property benefits from proximity to local shopping, dining, neighborhood services, parks, and public transportation options. The location's walkability and access to everyday conveniences support resident retention and broaden the property's appeal to a range of tenants seeking a connected East Bay lifestyle.
With a diverse unit mix, ongoing stewardship, remodeled interiors, preserved period details, and desirable outdoor amenities, 508 Valle Vista Avenue represents a compelling multifamily investment opportunity in one of Oakland's most recognized residential neighborhoods.