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3800 Greenwood Ave
Off-Market Call for Pricing
Call for Pricing
- 8 Bedrooms
- 4.00 Bathrooms
- 4,088 Sq Ft
- 6,964 Sq Ft
Description
3800 Greenwood Ave, a fully vacant well-maintained fourplex adjacent to Trestle Glen and Glenview within Oakland, CA, a developer's dream. This 4,088 square foot property, situated on a 6,970 square foot lot, has been under the same ownership for over 35 years. Built in 1916, it retains its original charm while offering modern improvements, including a newer roof, separate water heaters, partial copper repiping, and some updated unit interiors. The property consists of (3) two-bedroom, one-bath units and (1) two-bedroom, one-and-a-half-bath units, each over 1,000 square feet. Additionally, it features three vacant garages and two uncovered parking spaces, creating added value and convenience. Located just off Park Boulevard and adjacent to Piedmont, the property offers easy access to Lake Merritt, Montclair Village, and Grand Lake, ensuring strong rental demand and long-term appreciation. Beyond the existing income, the property also offers development potential. The garages present an opportunity to add 1-4 ADUs under SB 1211, providing additional rental income (buyer to verify), and the basement storage area offers flexibility for storage. For an owner-user, Unit 2's kitchen and bathroom are down to the studs and presents the chance to redesign and build a dream home while still generating rental income to offset a mortgage. Whether for an investor or owner-user, this property represents a rare and valuable opportunity.
Owner
Do you own or manage this property?
This is My PropertyAmenities
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 | $1,395,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,088 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1916 |
| Last Sold | September 02, 2025 |
| Sold Price | 1,400,000 |
| APN # | 024053102501 |
| MLS # | 25511135 |
| Property ID | 321355012 |
| Lot Sqft | 6,964 |
| Zoning | Unknown |
| Total Units | 4 |
| Date Updated | September 02, 2025 |
| Date Created | March 13, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.50 | $0 | $3,400 |
| Unit #2 | 2 | 1.00 | $0 | $3,200 |
| Unit #3 | 2 | 1.00 | $0 | $2,850 |
| Unit #4 | 2 | 1.00 | $0 | $2,850 |
| Gross Income (Yr) | $ 140,220 |
| Operating Expenses | $ 41,756 |
| Net Income (Yr) | $ 98,464 |
| Cap Rate | 7.06% |
Listing Provided By
Jake Glaser an agent of Lyon Stahl Investment Real Estate, Inc.. Lic #02128816
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- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT