328 Warwick Ave Oakland, CA 94610

The apartment buildings next door used their whole lot. This one didn't. 328 Warwick is a 1908 Adams Point triplex with an open rear yard, four parking spaces, and an automatic gate a short walk from Grand Avenue and Lake Merritt. Walk Score 89. Bus at a tenth of a mile. Two of three units are vacant. Unit 1 runs 1,147 SF on the main floor: two bedrooms plus an office, brick fireplace, inlaid hardwood, 17-foot kitchen, private deck. Unit 3 offers 642 SF under a vaulted open-beam ceiling with windows on three sides, refreshed in 2026. Unit 2 is a 453 SF studio, month-to-month at $1,525. Roof is five to ten years old. Laundry and parking are booked at zero in the pro forma. The rear yard invites an ADU conversation buyer to verify with Oakland Planning. $695,000. $290/SF. $231,667 per unit. $81,540 estimated current income, 6.6% CAP. Bring your investor and your owner-occupier both.