Berger Associates is proud to have been selected as the exclusive representation of 549 West Grand Avenue, a 24-unit apartment building located in Uptown Oakland. The building's current owner has converted one of the two storage spaces into three non-conforming units which can generate an additional $46,000 annually. The unit mix consists of mainly efficiency units. There are fifteen 1-room units with a small kitchenette; seven 1-room units with full kitchens; one 1-bedroom, 1-bathroom unit; and one studio, 1-bathroom unit. The first floor shares two showers and two bathrooms while the second floor shares two showers and three bathrooms. With most of the in-place rents below market, the prime location, and the untapped potential of the additional untouched storage space, this property makes for a premier value-add opportunity.

The Uptown district of Oakland is positioned just minutes away from the heart of Downtown, making it a highly sought-after location. This particular area has qualified as an Opportunity Zone, attracting a lot of investors that continue to inject money into this up-and-coming neighborhood. With the 19th Street BART station and I-80 and I-580 just a few minutes away, tenants can commute anywhere in the Bay Area with ease.