3229 Elm St
Oakland, CA 94609
Active for $1,499,900
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 4,370 sqft
| MLS | 41071857 |
| Year Built | 1896 |
| Property Type | Triplex |
| County | Alameda |
| Status | Active |
| Active | $1,499,900 |
| Structure Size | N/A sqft |
| Lot Size | 4,370 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Colin Davies, Security Pacific Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Alec Bogossian
REALTOR®
Direct: 818.314.5025
Email: Email Me
DRE: 02062892
DRE #01873088
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