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 $1,560. 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. $81,960 estimated current income, 6.65% CAP. Bring your investor and your owner-occupier both.

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