Courtesy of Stephanie Wedge, Rockford Realty.

650 Vernon St Oakland, CA 94610
$2,900,000
  • beds
  • 0 baths
  • 6,600 sq ft

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Stephanie Wedge

Stephanie Wedge

Founder

DRE# 01210398

Property Description

Pride of Ownership in highly coveted Grand Lake. First time on the Market, this beautiful property boasts recent renovation of exterior, Secured building w/Ring Camera monitoring and unique code control access for each unit, underground Parking, 2 units Remodeled in ’20 & ’21, New 50 Year PVC Roof, All new Windows ’19 & Currently undergoing Voluntary seismic upgrade to be completed by the end of July 2021. Laundry facility – coin op. Hot water system replaced in ’21. Owners Maintenance storage Room w/toilet. Storage lockers for each unit in front of their parking space. This is a gem!

Property Details & Features

Property Type

  • Lowrise (1-3 Flrs)

Year Built

  • 1974

Basement

  • None

House

  • $6,600 total building square feet
  • $10 total units
  • Built in 1974
  • 10 units of type 1

Cooling

  • None

Expenses

  • Annual license expense: $2,106
  • Annual maintenance expense: $780
  • Annual management expense: $0
  • Annual utility expense: $9,572
  • Other annual expense: $420
  • Total operating expense: $24,807

Exterior Features

  • Stucco & Stone

Fees

  • Total deposits: $9,500

Floors

  • Laminate

Heating

  • Gas

Income

  • Annual gross income: $15,261
  • Annual gross sched. Income: $15,261
  • Annual misc. income: $0
  • Annual rental income: $182,592
  • Gross operating income: $15,261
  • Net operating income: $157,785

Listing

  • $439 per square foot

Location

  • Area: Oakland Zip Code 94610
  • County: Alameda
  • Directions to property: Santa Clara to Vernon
  • Neighborhood: GRAND LAKE

Lot

  • Approximately $6,600 lot square feet
  • 0 approximate lot acres
  • Security Gate

Miscellaneous

  • Balcony/Patio
  • Security Building

Parking

  • $10 parking spaces
  • Security Garage
  • Spaces – Assigned
  • Space Per Unit – 1

Roof

  • Polyurethane Foam

Taxes

  • Annual taxes: $10,054

Utilities

  • Sewer System – Public
  • Water – Public

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