| INCOME PROPERTY FOR SALE: 18 UNITS |
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| STATUS: |
Sold - April, 2005 |
| ADDRESS: |
580 Vernon Street, Oakland, CA 94611
Cross Street: Santa Clara Avenue
Map Code: 649J2 |
| DESCRIPTION: |
Modern stucco property in the Upper Adams Point area. Mostly two-bedroom units. Off-street parking. |
| MOTIVATION: |
Family-owned portfolio sale consisting of eight properties totaling 144 units. Family built this property in the '70s. Seller traded into leased investments in and out of California. One buyer group bought all eight buildings. |
| PRICE: |
$15,200,000 total price for eight buildings.
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