Outstanding value-add opportunity in Adams Point! This 8-unit converted mansion offers a mix of renovated units with significant upside through further improvements and ADU potential. Current 8.8% cap rate with a 11% market cap, delivering both strong cash flow and future returns. Ideally located near Lake Merritt, Uptown, and major retailers including Trader Joe’s, and Whole Foods, this is a rare chance to secure a high-performing multifamily asset in one of Oakland’s most desirable rental markets. Contract Broker for additional information.
Pending
$1,325,000
400 Lagunitas Ave, Oakland, CA 94610
--beds
--baths
5,081sqft
:
Get pre-qualified$9,216/mo
Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$261/sqft
$-- HOA
What's special
Mix of renovated units
- 313 days |
- 182 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Blake Martini DRE #01908725 925-286-2737,
MARTINI COMPANY REAL ESTATE
Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41111551
Facts & features
Interior
Heating
- Forced Air, Wall Furnace
Cooling
- No Air Conditioning
Appliances
- Included: Dryer, Washer, Gas Water Heater
- Laundry: Coin Operated, In Basement, Laundry Equip - Owned
Features
- Storage
- Flooring: Hardwood, Vinyl, Carpet, Other, Engineered Wood
- Basement: Partial,Storage Space
Interior area
- Total structure area: 5,081
- Total interior livable area: 5,081 sqft
Property
Parking
- Total spaces: 5
- Parking features: Detached, Other
- Has garage: Yes
Features
- Exterior features: Side Yard
Lot
- Size: 6,098 Square Feet
- Features: Corner Lot
Details
- Parcel number: 1078115
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, Shingles
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Natural Gas Connected, Master Electric Meter, Master Gas Meter
Community & HOA
HOA
- Has HOA: No
Location
- Region: Oakland
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $1,582,497
- Date on market: 9/13/2025
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Pending sale | $1,325,000$261/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #41111551 Report a problem | ||
| 3/16/2026 | Price change | $1,325,000-5.4%$261/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41111551 Report a problem | ||
| 1/29/2026 | Price change | $1,400,000-6.7%$276/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41111551 Report a problem | ||
| 9/13/2025 | Listed for sale | $1,500,000+2.4%$295/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41111551 Report a problem | ||
| 6/3/2021 | Sold | $1,465,000-13.8%$288/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #40912573 Report a problem | ||
| 11/4/2020 | Listing removed | $1,700,000$335/sqft |
Source: MARTINI COMPANY REAL ESTATE #40912573 Report a problem | ||
| 8/31/2020 | Price change | $1,700,000-8.1%$335/sqft |
Source: MARTINI COMPANY REAL ESTATE #40912573 Report a problem | ||
| 7/16/2020 | Listed for sale | $1,850,000$364/sqft |
Source: MARTINI COMPANY REAL ESTATE #40912573 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,582,497 +2% |
| 2024 | $25,058 -4.3% | $1,551,474 +2% |
| 2023 | $26,187 +3.9% | $1,521,064 +2% |
| 2022 | $25,210 +312.8% | $1,491,240 +735.3% |
| 2021 | $6,107 +1.1% | $178,522 +0.1% |
| 2020 | $6,039 +13.6% | $178,289 +2% |
| 2019 | $5,316 +11.4% | $174,824 +2% |
| 2018 | $4,772 | $171,360 +2.1% |
| 2017 | $4,772 +4.7% | $167,861 +2% |
| 2016 | $4,559 -4.2% | $164,597 +1.5% |
| 2015 | $4,759 | $162,144 +2% |
| 2014 | $4,759 | $158,996 +0.4% |
| 2013 | -- | $158,284 +2% |
| 2012 | -- | $155,207 +2% |
| 2011 | -- | $152,192 +0.7% |
| 2010 | -- | $151,065 -0.2% |
| 2009 | -- | $151,421 +2% |
| 2008 | -- | $148,479 +2% |
| 2007 | -- | $145,595 +2% |
| 2006 | -- | $142,767 +2% |
| 2005 | -- | $139,995 +2% |
| 2004 | -- | $137,279 +1.8% |
| 2003 | -- | $134,787 +2% |
| 2002 | -- | $132,171 +3.1% |
| 2001 | $2,929 | $128,246 |
Find assessor info on the county website
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Neighborhood: Adams Point
Nearby schools
GreatSchools rating
- 5/10Piedmont Avenue Elementary SchoolGrades: K-5Distance: 1.3 mi
- 2/10Westlake Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Oakland Technical High SchoolGrades: 9-12Distance: 1.6 mi
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