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Listed by Andrew Pitarre • Compass
$ 1,199,000
Est. payment | /mo
2,553 SqFt
$ 1,199,000
Est. payment | /mo
2,553 SqFt
Open House
Thu Apr 23, 10:00am - 1:00pm
Sun Apr 26, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,553 sqft
Price per Sqft $469
Subdivision Temescal
MLS Listing ID 41130447
HOA Y/N No
Year Built 1912
Lot Size 2,135 Sqft
Property Sub-Type Triplex
Source Bridge AOR
Property Description
Prime multi-unit investment opportunity in Temescal, one of Oakland's hottest neighborhoods. Great opportunity for the strategic investor seeking strong cash flow with upside from future condo sales! The property spans 2,513 square feet and features three 2 Bedroom / 1-bathroom condos. The top two condos have been recently redesigned with modern finishes including SS appliances, luxury vinyl plank flooring, quartz countertops, fresh bathroom designs, in-unit laundry, romex electrical, copper plumbing plus so much more. Two will be delivered vacant - ideal for an owner-occupant looking to live in one unit while generating income from the others, or for a smart investor ready to lease all three for strong cash flow or sell individually when they choose. A spacious shared rear yard offers a sunny space with a patio perfect for entertaining or gardening for the upper two units. The ground floor unit boasts exclusive off-street parking and its own private patio! Turn-key and low maintenance with flexible living options, flexible exit options, a gross rent multiplier at 11.89 and immediate income potential makes this a standout asset in a very high-demand location. 95 Walk/Bike Score. Minutes to BART & steps to Oakland's trendiest restaurants and popular amenities.
Location
State CA
County Alameda
Interior
Heating Wall Furnace, Other
Cooling No Air Conditioning
Flooring Tile, Other, Engineered Wood
Fireplace No
Appliance Dishwasher, Dryer, Washer, Gas Water Heater
Laundry Dryer, In Unit, Washer, Other
Exterior
View None
Building
Lot Description Level
Others
Special Listing Condition Standard
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