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.
The income description goes here to explain
List Price | $1,499,900 |
Property Type | Triplex (3-units) |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 9 spots |
Year Built | 1896 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 974611 |
MLS # | 41071857 |
Property ID | 319893781 |
Lot Sqft | 4,370 |
Zoning | S-1 |
Total Units | 4 |
Days on Market | 84 |
Original List Price | $1,499,900 |
Applicances | Dryer,Washer% |
Date Updated | September 30, 2024 |
Date Created | September 04, 2024 |
Colin Davies an agent of Security Pacific Real Estate. Lic #01935999
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT