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429 Bellevue Ave is a 13-unit apartment building located in Oakland's Adams Point Neighborhood. Built in 1961, the Â±7,555 sq. ft. building is situated on a Â±6,250 sq. ft. lot. The property features a unit mix of 2 X studio units, 9 X one bedroom units and 2 X two bedroom units. The property also features 3 secured single car garages and 8 tuck-under parking spaces. 7 of the 13 units have been turned and updated since 2014 and there have been significant exterior upgrades includeing a new paint job, a recently installed security camera system, and a new 100-gallon gas water heater. The property also has a coin operatred on-site laundry facility. The average in-place rent is $1,806 per unit and there is potential to increase the net operating income by more than 65%. This asset provides an excellent opportunity for investors and 1031 exchange Buyers to acquire a quality multifamily investment with significant income upside potential in one of Oakland's most prestigous neighborhoods.