About 348-352 Jayne
348-352 Jayne Avenue presents a well-located multifamily investment opportunity in Oakland's highly desirable Adams Point neighborhood, known for strong rental demand and proximity to key lifestyle amenities. Just moments from Lake Merritt, the property offers easy access to outdoor recreation, dining, retail (including Whole Foods), Interstate 580, and Downtown Oakland (approximately 1.5 miles away). The property consists of a two-story, five-unit apartment building totaling approximately 2,884 square feet on a 0.15-acre lot. The unit mix includes four one-bedroom/one-bathroom units and one studio, appealing to a broad tenant base. A standout feature is one vacant unit, providing immediate upside for renovation and lease at market rents, allowing for day-one income growth. Additional income potential comes from a detached rear garage (ideal for parking or storage) and an on-site basement laundry area with one washer and dryer. With its prime location, in-place income, and value-add potential, 348-352 Jayne Avenue offers investors a compelling opportunity for stable cash flow and long-term appreciation in one of Oakland's most sought-after neighborhoods.
Features of 348-352 Jayne
| MLS® # | ML82041567 |
|---|---|
| Price | $699,000 |
| Square Footage | 2,884 |
| Acres | 0.15 |
| Year Built | 1919 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Contingent |
Community Information
| Address | 348-352 Jayne |
|---|---|
| Area | Oakland Zip Code 94610 |
| City | OAKLAND |
| County | Alameda |
| State | CA |
| Zip Code | 94610 |
Amenities
| Utilities | Individual Electric Meters |
|---|---|
| Parking Spaces | 2 |
| Garages | Detached Garage, Uncovered Parking |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Other |
| Fireplace | No |
Exterior
| Roof | Composition, Flat / Low Pitch, Shingle |
|---|---|
| Construction | Wood Frame |
| Foundation | Concrete Perimeter and Slab, Crawl Space |
Additional Information
| Zoning | R-70 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ray Rodriguez |
|---|---|
| Office | Compass |
| Contact Info | 650-405-0743 |