2464 Palmetto Street

Oakland, CA 94602

PRICE REDUCED

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-$145,000 (-16.20%)

$750,000

List Price

N/A

bed Beds

shower Baths

3,186 sqft

straighten / sqft

1940

calendar_month Built

Property Description

2462-2464 Palmetto St is an exceptional investment opportunity in the Dimond District in Oakland. This vibrant, triplex is located in the North East part of Oakland, offering a great location for both investors and tenants alike. This property features a versatile unit mix of one 4-bedroom, one-bath, one 3-bedroom, one-bath, and two 2-bedroom, one and a half-bath units. With approximately 3,186 square feet of living space (buyer to verify) on a 0.24-acre lot, the complex provides an attractive blend of spacious units and some extra space to develop, offering substantial rental income potential for investors. The 2-bedroom, one-bath unit has forced heating, while the other two units have multiple wall furnaces. What truly sets this property apart is its location and potential to add additional dwelling units (ADU). Its proximity to Downtown Oakland makes it an ideal housing option for locals and people who commute to San Francisco, ensuring consistent high demand and low vacancy rates. The 4-bedroom 1-bath and the 2-bedroom 1-bath units are located in the front building and the other 3-bedroom 1-bath unit is located in a separate cottage in the back of the property. With enough space to build an additional unit.

Listing Information

List Price $750,000
Status Active
MLS ML81990544
Type Residential Income
Subtype Triplex
Year Built 1940
Lot Size 10,380
Structure Size 3,186
DOM 37
Courtesy Of Compass
Listing Agent Ray Rodriguez DRE#01999734
Co-Listing Agent Tony Zizzo DRE#01962093

Interior Features

Total Bedroom
Bedrooms N/A

Maps

home_work Nearby Properties

Listing information courtesy of: Ray Rodriguez, Tony Zizzo, Compass 650-405-0743. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 22nd, 2025 at 2:23 AM 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.