3229 Elm St , Oakland, CA 94609
Oakland, CA 94609
Description
Exceptional, fully-occupied Victorian triplex with extra unit, built in 1896, seamlessly blends historic charm with modern upgrades. The current owner has made significant improvements, including upgraded electrical systems with separate meters for three of the units, modernized plumbing, renovated kitchens and baths, dual-pane windows, recessed lighting, upgraded appliances, tankless water heaters, and updated HVAC system. These enhancements ensure durability, tenant satisfaction, and reduced future expenses, to improve the cap rate. The property generates a gross scheduled annual income of $108,516 and a net operating income of $67,324, offering both stability and growth potential. Situated on a prime corner lot in Oakland’s Pill Hill neighborhood, it’s just steps from public transport, dining, shops, and the expanding medical districtwith strong tenant demand for low vacancies. With nine parking spaces, a community laundry room, and three separate utility meters, this triplex offers a rare opportunity to increase income and maximize returns in one of Oakland's most desirable areas.
Details
| Mls | 41071857 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1896 |
| Days On Site | 88 |
| Listing Provided By | Security Pacific Real Estate 510-222-8340 | Colin Davies |
Features
| Units | 4 |
|---|---|
| Zoning | S-1 |
| Acreage | 0.10 |
Market Activity 94609
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94609 |
| Community Name | PILL HILL |
| Listing VS Median (in PILL HILL) | |
Price: $1,499,900 low | high Med: $350,000 On Site: 88 low | high Med: 38.000000 | |
