Property Details
About this Property
Boasting an annual income of over $110,000 and a cap rate of more than 5% on the current rent, this investment opportunity is unparalleled. Owner occupancy financing is also available with as little as 5% down. This distinguished 1915 Edwardian-style triplex, featuring a captivating bonus unit, combines classic elegance and modern appeal. Situated just two blocks from the serene Lake Merritt, this property presents an enticing investment prospect in the coveted lower Haddon Hill neighborhood. Residents enjoy the tranquility of lakeside living while being close to the vibrant Lakeshore/Grand district, making it a prime choice for investors seeking lucrative returns. It seamlessly blends historic charm with the allure of Lake Merritt living and the vibrant Lakeshore/Grand district. Each unit promises substantial rental income and capital appreciation, making it a compelling proposition for astute investors.
MLS Listing Information
MLS #
ML81952701
MLS Source
MLSListings, Inc.
Interior Features
Appliances
Dishwasher, Oven Range, Refrigerator, Washer/Dryer - Some Units
Flooring
Hardwood
Cooling
Ceiling Fan
Heating
Electric, Fireplace, Space Heater
Exterior Features
Roof
Composition, Rolled/Hot Mop
Foundation
Concrete Perimeter and Slab
Style
Edwardian
Parking, School, and Other Information
Garage/Parking
Electric Car Hookup, Parking Area, Garage: 0 Car(s)
Elementary District
Oakland Unified
High School District
Oakland Unified
E.V. Hookup
Electric Vehicle Hookup Level 2 (240 volts)
Water
Public
Zoning
RU-1/S-12
Contact Information
Listing Agent
Robert Gosalvez
Compass
License #: 01272788
Phone: (408) 313-8870
Co-Listing Agent
Rouzbeh Mokhtari
Compass
License #: 02095775
Phone: (669) 300-7992
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,016 | 2 | 1/0 | $3,650 |
| 2 | 556 | 1 | 1/0 | $1,800 |
| 3 | 502 | 1 | 1/0 | $2,050 |
| 4 | 548 | 1 | 0/1 | $1,850 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
498 Stow Ave is a Residential Income in Oakland, CA 94606. This 2,622 square foot property sits on a 4,601 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,450,000 and was built in 1915. This address can also be written as 498 Stow Ave, Oakland, CA 94606.
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This listing information is up-to-date as of February 17, 2024. For the most current information, please contact Robert Gosalvez, (408) 313-8870
