3229 Elm St

Oakland, CA 94609

$1,499,900

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1896

calendar_month Built

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.

Listing Information

List Price $1,499,900
Status Active
MLS 41071857
HOA $0
Type Residential Income
Subtype Triplex
Year Built 1896
Lot Size 4,370
Structure Size N/A
DOM 7
Courtesy Of Security Pacific Real Estate
Listing Agent Colin Davies DRE#01935999
Co-Listing Agent Keum Hee Ha DRE#01396201

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Laminate

Exterior Information

Maps

Listing information courtesy of: Colin Davies, Keum Hee Ha, Security Pacific Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:21 PM 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.