CA > Oakland > Pill Hill
Oakland, CA 94609,3229 Elm St
Oakland, CA 94609,3229 Elm St
Oakland, CA 94609,3229 Elm St
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$1,499,900
Est. payment /mo
8 Beds
3,093 SqFt
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UPDATED:

09/11/2024 08:27 AM

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

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Bridge MLS
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Listed by Colin Davies • Security Pacific Real Estate

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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3229 Elm St