$1,499,900
For Sale

3229 Elm St

Oakland, CA 94609
Listing OfficeSecurity Pacific Real Estate
Browse 102 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

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.

  • Property Details
      • Lot DescriptionCornerLot, StreetLevel, Yard
    • Measurements
      • Acres0.1003
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1896
  • Community and Neighborhood Details
      • SubdivisionPILL HILL
    • Location
      • CountyAlameda
  • Financial Details
      • Original List Price$1,499,900
  • Other
      • MLS #41071857

Location

Gary ElminoufiReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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