Listing Courtesy of: Colin Davies - Security Pacific Real Estate
510-222-8340
$1,499,900
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3229 Elm St Oakland, CA 94609
Triplex
Residence
8
Beds
Baths
Sq. Ft.
0.1
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 district—with 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.
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MLS#
41071857
Property Type
Triplex
Bedrooms
8
Year Built
1896
Lot Size
0.1
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