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3229 Elm St
For Sale $1,499,900
$1,499,900
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 4,370 Sq Ft
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 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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| 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 | 69 |
| Original List Price | $1,499,900 |
| Applicances | Dryer,Washer% |
| Date Updated | September 30, 2024 |
| Date Created | September 04, 2024 |
Listing Provided By
Colin Davies an agent of Security Pacific Real Estate. Lic #01935999
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT