1714 Chestnut Street, Oakland, CA 94607
1714 Chestnut Street, Oakland, CA 94607
1714 Chestnut Street, Oakland, CA 94607
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$970,000
Est. payment /mo
4 Beds
3,533 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,533 sqft

Price per Sqft $274

Subdivision Prescott

MLS Listing ID 41131797

Bedrooms 4

HOA Y/N No

Year Built 1989

Lot Size 7,392 Sqft

Acres 0.17

Property Sub-Type Triplex

Property Description

Excellent opportunity for an owner-operator or investor to acquire a versatile 3-unit property on one lot in the heart of Oakland with clear value-add potential. This unique offering features a primary residence plus two separate cottages, providing flexible living and income opportunities. One of the cottages has been recently remodeled and is delivered vacant—ideal for an owner-occupant seeking immediate move-in while offsetting expenses with rental income. The main house and second cottage are currently occupied, offering stable in-place cash flow. The property currently generates approximately $74,968 in annual rental income (4.3% cap rate). With lease-up of the vacant unit at a conservative market rent of $2,100/month, projected gross income increases to approximately $87,642 annually. After applying a standard vacancy factor, this equates to a stabilized cap rate of approximately 5.1%, offering a realistic and achievable path to improved returns. The property is priced to reflect deferred maintenance, presenting an opportunity for buyers to further enhance value through improvements and operational upside. Situated in a convenient Oakland location with strong rental demand, this property is well suited for buyers looking to live in one unit while building long-term weal

Location

State CA

County Alameda

Rooms

Basement None

Interior

Heating Forced Air

Cooling Ceiling Fan(s), No Air Conditioning

Flooring Vinyl, Carpet

Fireplace Yes

Laundry 220 Volt Outlet, Laundry Room

Exterior

Total Parking Spaces 4

Building

Lot Description Sloped Up

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Oakland (510) 879-8111

Others

Tax ID 5387192

Virtual Tour https://f8.f8re.com/videos/019d9d3a-f89f-7009-ad6a-e390fbac7e5d?v=130

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Quentin Hyde • HPI Real Estate

NEARBY SCHOOL & BUSINESS

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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1714 Chestnut Street