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Listed by Keller Williams Realty
$ 1,470,000
Est. payment | /mo
3,656 SqFt
$ 1,470,000
Est. payment | /mo
3,656 SqFt
Open House
Sun May 17, 2:00pm - 4:00pm
Thu May 21, 2:00pm - 4:00pm
Sat May 23, 11:00am - 1:00pm
Sun May 24, 2:00pm - 4:00pm
Sat May 16, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,656 sqft
Price per Sqft $402
Subdivision Pill Hill
MLS Listing ID 41134372
HOA Y/N No
Year Built 1945
Lot Size 3,962 Sqft
Property Sub-Type Triplex
Source Bridge AOR
Property Description
Stabilized Oakland triplex in the heart of Pill Hill —walking distance to Kaiser Permanente, MacArthur BART, and Lake Merritt. The 2,968 SF building offers 11 bedrooms across three well-configured units: a vacant, fully renovated 4BR/2BA flagship, a remodeled 4BR/2.5BA, and a 3BR/1BA. Priced at $1,470,000 ($490K/door) with stabilized NOI of $92,858 and a 6.32% cap rate —rents already at market, zero gap to close. Over $63,000 invested since 2021, including sewer lateral compliance, dual-pane windows, two unit remodels, exterior paint, and a roof under five years old. Six parking spaces, in-unit laundry, and four electric meters. CC-2 zoning opens the door to ADU or density exploration, subject to verification. Live in the vacant flagship and collect $7,300+/month from the other two, or add a turnkey cash-flowing triplex to your portfolio. Opportunities like this don't sit long.
Location
State CA
County Alameda
Interior
Heating Central
Cooling No Air Conditioning
Flooring Tile, Vinyl
Fireplace No
Appliance Dishwasher, Dryer, Washer, Gas Water Heater
Laundry In Unit
Building
Lot Description Level, Paved
Water Public
Schools and Properties Nearby