Homes for sale - 3229 Elm St, Oakland, CA 94609

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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 1,499,900

Est. payment | -/mo

4,369 Sqft Lot

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$ 1,499,900

Est. payment | -/mo

Save

4,369 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Pill Hill

MLS Listing ID 41071857

HOA Y/N No

Year Built 1896

Lot Size 4,369 Sqft

Property 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.

Location

State CA

County Alameda

Zoning S-1

Interior

Heating Forced Air

Flooring Laminate

Fireplace No

Appliance Dryer, Washer

Exterior

Garage Assigned

Roof Type Shingle

Parking Type Assigned

Total Parking Spaces 9

Building

Lot Description Corner Lot, Street Level, Yard

Others

Tax ID 974611

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry

Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry

Listed by Colin Davies • Security Pacific Real Estate

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

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

3229 Elm St Oakland, CA 94609

Josh Gregorio

Key Details

Location

Interior

Exterior

Building

Others

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3229 Elm St