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$2,750,000
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Property Description
Marcus & Millichap is pleased to present 570 Grand Avenue, a 13-unit apartment community located in Oaklands highly desirable Grand Lake district, just steps from Lake Merritt. The property consists of seven 1-bedroom/1-bath units, four 2-bedroom/1-bath units, one 3-bedroom/1-bath unit, and one studio. Offering a strong in-place 6.80% CAP rate and 8.91 GRM, the asset provides immediate cash flow with significant upside through targeted capital improvements and unit renovations. Nearly every apartment enjoys sweeping views of beautiful Lake Merritt, and the property is within easy walking distance to the best of Adams Point vibrant restaurants, cafes, and boutique shops. This is an exceptional opportunity to own a well-located, high-performing asset in one of Oakland's most sought-after neighborhoods.
Full Property Details
Full Property Details for 570 Grand Ave
General
- Sold For: $2,750,000
- Status: Closed
- Type: Commercial Residential Facility
- Source: RE_Infolink
- MLS ID: ML82027846
- Added to Site: 72 day(s) ago
Rooms
Other Rooms
- Laundry: Coin-Operated
Additional Information
- Security/Safety: Fire Alarm , Secured Garage / Parking
Parking
- Garage Spaces: 3
- Parking Features: Attached Garage
Location
- Area: Oakland Zip Code 94610
- County: Alameda
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public Utilities
- Metering: Master Water, Separate Electric, Separate Gas
Structural Information
- Construction: Wood Frame
- Foundation: Wood Frame
- Roof: Composition
- Disability Access: Parking
- Square Feet: 9,482
- Year Built: 1925
Unit Information
Unit 1
- Square Feet: 1000
- Bedrooms: 3
Unit 2
- Square Feet: 900
- Bedrooms: 2
Unit 3
- Square Feet: 700
- Bedrooms: 1
Unit 4
- Square Feet: 400
Lot Features
- Lot Size (Acres): 0.0946
- Minimum Lot Size: 4120
- Building Sites: 1
- Zoning: C-30/S-4
- Lot Description: Views
Disclosures and Reports
- Restrictions: None
Listed by Marcus & Millichap, Eymon Binesh
Sold by M&MKW, Eymon Binesh
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Schools
Schools serving 570 Grand Ave
School District:Oakland Unified School District
| Name | Grades | Distance |
|---|---|---|
Piedmont Avenue Elementary School 4314 Piedmont Avenue, Oakland, CA 94611 | K-5 | 1.3 mi |
Westlake Middle School 2629 Harrison St., Oakland, CA 94612 | 6-8 | 0.7 mi |
Oakland Technical High School 4351 BRd.way, Oakland, CA 94611 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 570 Grand Ave
Date
Details
Price
Change
Source
1/20/2026
Sold
$2,750,000
-8.27%
MLS
11/18/2025
Listed
$2,998,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
570 Grand Ave, Oakland, CA 94610 (MLS# ML82027846) is a Commercial Residential Facility property that was sold at $2,750,000 on January 20, 2026. Want to learn more about 570 Grand Ave? Do you have questions about finding other Commercial Residential Facility real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

