2 months on rocket

429 Vernon St, Oakland, CA, 94610

$1,345,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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429 Vernon St, Oakland$1,345,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
Year Built1905
HeatingOther
CoolingOther
MLS #41070333
Lot Size0.14 Acres
StatusActive

About 429 Vernon St

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 429 Vernon St, an eight-unit property in Oakland's sought-after Adams Point neighborhood. This property features seven 1bd/1bth units and one studio, 1:1 off-street parking and ample storage. Its strategic location near the 19th Street BART station makes it an attractive option for commuters. The current rental rates, approximately 40% below market, reveal a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. With two units set to be delivered vacant, this property is ideal for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. Current GRM 9.92; Market GRM 7.11; Email agent on property website for more info.

Property Details

Property Features

Property Information:

  • Year Built: 1905

Listing Office:

  • Office Name: The Pinza Group, Inc
  • Office Phone: (510) 725-4775
  • Listing Agent: Steven Pinza

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Oakland Technical High School, Public District Grades 9-12
  • Metwest High School, Public District Grades 9-12
  • Westlake Middle School, Public District Grades 6-8
  • Piedmont Avenue Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Google Maps Cross Street: MacArthur Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,345,000

Tax Information:

  • Annual Amount: $16,236
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

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Oakland, CA

City

Med. Sold Price

$867.8K

Med. Price/SqFt

$594

Avg. Days On Market

36

# of Sold Homes

193

429 Vernon St vs Oakland

68 DAYS ON ROCKET

+32 Days

$1,345,000

+$477.1K More

KEY TAKEAWAY

This property is $477.1K more than the Median Sold Price in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41070333

Listing Office:

  • Office Name: The Pinza Group, Inc
  • Office Phone: (510) 725-4775
  • Listing Agent: Steven Pinza

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/27/2024, 6:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$16,236$954,857
2020$16,235$945,070
2019$14,990$926,546
2018$14,264$908,383
2017$14,264$890,572

History based on county public records data.

Payment Calculator

$6,780

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,099

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-818817
3
/10

  • Piedmont Avenue Elementary School

  • 4314 Piedmont Ave

  • 0.85 miles

  • Public District Grades KG-5

Middle School

school-card-donut-818818
2
/10

  • Westlake Middle School

  • 2629 Harrison St

  • 0.45 miles

  • Public District Grades 6-8

High School

school-card-donut-818819
7
/10

  • Oakland Technical High School

  • 4351 Broadway

  • 1.06 miles

  • Public District Grades 9-12

school-card-donut-818820
5
/10

  • Metwest High School

  • 1100 3rd Ave

  • 1.50 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,375. Typical income of Oakland, CA residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 429 Vernon St

What is the listing price of this property?

The listing price of 429 Vernon St property is $1,345,000.

What type of property is this?

The property 429 Vernon St is a house located in Oakland, California, 94610.

Is this property for sale now?

Active Listing: 429 Vernon St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 429 Vernon St are:
Piedmont Avenue Elementary School: GreatSchools Rating 3/10
Westlake Middle School: GreatSchools Rating 2/10
Oakland Technical High School: GreatSchools Rating 7/10
Metwest High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $16,236 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 429 Vernon St is 1905.

Rocket Homes›California›Alameda County›Oakland›94610›429 Vernon St

This home is located at 429 Vernon St in Oakland, CA and zip code 94610 in the Adams Point neighborhood. This home, which was built in 1905, sits on a 0.14 acre lot. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $1,345,000.

While more than 118 listings in Oakland, CA in September 2024 were sold above asking price, there were more than 19 listings sold at asking price, and more than 40 were sold below. The inventory of homes for sale in Oakland, CA between August 2024 and September 2024 increased by 18%. While the average time on the market in September 2024 was 36 days, the median list price was $867,828.

From Rocket Homes Real Estate and based on county public records data.

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