Property Details
About this Property
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.
MLS Listing Information
MLS #
CC41071857
MLS Source
Contra Costa Association of Realtors
Days on Site
75
Interior Features
Appliances
Dryer, Washer
Flooring
Laminate
Laundry
Community Facility
Cooling
Central -1 Zone
Heating
Forced Air
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Parking Area, Garage: Car(s)
Elementary District
Oakland Unified
High School District
Oakland Unified
Water
Public
Zoning
S-1
Contact Information
Listing Agent
Colin Davies
Security Pacific Real Estate
License #: 01935999
Phone: (510) 435-3624
Co-Listing Agent
Keum Hee Ha
License #: 01396201
Phone: (510) 685-0553
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 700 | 2 | 0/0 | – |
| 2 | 745 | 2 | 0/0 | – |
| 3 | 709 | 2 | 0/0 | – |
| 4 | 949 | 2 | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3229 Elm St is a Triplex in Oakland, CA 94609. This 3,093 square foot property sits on a 4,370 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,499,900 and was built in 1896. This address can also be written as 3229 Elm St, Oakland, CA 94609.
©2024 Contra Costa Association of Realtors. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Contra Costa Association of Realtors.
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This listing information is up-to-date as of September 11, 2024. For the most current information, please contact Colin Davies, (510) 435-3624
