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John Fagan

john@johnfagangroup.com +1(669) 303-8501

Listed by Quentin Hyde, DRE #01240562 • HPI Real Estate

$ 970,000

Est. payment | -/mo

4 Beds

4 Baths

3,533 SqFt

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$ 970,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

3,533 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,533 sqft

Price per Sqft $274

MLS Listing ID BE41131797

Bedrooms 4

Year Built 1989

Lot Size 7,392 Sqft

Property Sub-Type Triplex

Source Bay East

Property Description

Excellent opportunity for an owner-operator or investor to acquire a versatile 3-unit property on one lot in the heart of Oakland with clear value-add potential. This unique offering features a primary residence plus two separate cottages, providing flexible living and income opportunities. One of the cottages has been recently remodeled and is delivered vacant-ideal for an owner-occupant seeking immediate move-in while offsetting expenses with rental income. The main house and second cottage are currently occupied, offering stable in-place cash flow. The property currently generates approximately $74,968 in annual rental income (4.3% cap rate). With lease-up of the vacant unit at a conservative market rent of $2,100/month, projected gross income increases to approximately $87,642 annually. After applying a standard vacancy factor, this equates to a stabilized cap rate of approximately 5.1%, offering a realistic and achievable path to improved returns. The property is priced to reflect deferred maintenance, presenting an opportunity for buyers to further enhance value through improvements and operational upside. Situated in a convenient Oakland location with strong rental demand, this property is well suited for buyers looking to live in one unit while building long-term weal

Location

State CA

County Alameda

Area Oakland Zip Code 94607

Interior

Heating Forced Air

Cooling Air Conditioning - None, Ceiling Fan

Flooring Vinyl, Carpet - Wall to Wall

Laundry 220 Volt Outlet, In Laundry Room, None

Exterior

Exterior Feature Stucco

Parking Features Attached Garage, Spaces per Unit - 1

Garage Spaces 4.0

Roof Type Composition

Building

Lot Description Grade - Sloped Up

Others

Tax ID 5-387-19-2

Special Listing Condition Not Applicable

Virtual Tour https://f8.f8re.com/videos/019d9d3a-f89f-7009-ad6a-e390fbac7e5d?v=130

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(669) 303-8501

john@johnfagangroup.com

1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

1714 Chestnut ST Oakland, CA 94607

John Fagan

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1714 Chestnut ST