About 400 Lagunitas
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.
Features of 400 Lagunitas
| MLS® # | 41111149 |
|---|---|
| Price | $1,500,000 |
| Square Footage | 5,081 |
| Acres | 0.14 |
| Year Built | 1915 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | 5 or More Units |
| Status | Active |
Community Information
| Address | 400 Lagunitas |
|---|---|
| Subdivision | ADAMS POINT |
| City | Oakland |
| County | Alameda |
| State | CA |
| Zip Code | 94610 |
Amenities
| Utilities | Wired For Cable TV, Cable Available, Internet Available, Natural Gas Connected, Master Electric Meter, Master Gas Meter |
|---|---|
| Parking Spaces | 2 |
| Parking | Detached, Guest, Other |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Storage |
|---|---|
| Appliances | Free-Standing Range, Refrigerator, Dryer, Washer, Gas Water Heater |
| Heating | Forced Air, Wall Furnace, Other |
| Cooling | None |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Roof | Shingle |
| Construction | Other |
Additional Information
| Date Listed | September 10th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Blake Martini |
|---|---|
| Office | MARTINI COMPANY REAL ESTATE |