3229 Elm St Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94609
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,093 sqft
Price per Sqft $484
Subdivision Pill Hill
MLS Listing ID 41071857
Bedrooms 8
HOA Y/N No
Year Built 1896
Lot Size 4,370 Sqft
Acres 0.1
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
Area Listing
Zoning S-1
Rooms
Basement None
Interior
Interior Features Storage,Storage Area(s),Shower Stall(s),Tub w/Shower Over
Heating Forced Air
Cooling Central Air
Flooring Laminate
Fireplace No
Window Features Window Coverings
Appliance Dryer,Washer,Tankless Water Heater
Laundry Common Area,Community Facility,Dryer,Washer
Exterior
Exterior Feature Side Yard,Garden,Landscape Misc
Utilities Available Sewer Connected,Individual Electric Meter,Individual Gas Meter
Total Parking Spaces 9
Building
Lot Description Corner Lot,Level,Area Lighting,Garden,Landscape Front,Landscape Back
New Construction No
Schools
School District Oakland (510) 879-8111
Others
Tax ID 974611