$1,199,000
Prime multi-unit investment opportunity in Temescal, one of Oakland’s hottest neighborhoods. Great opportunity for the strategic investor seeking strong cash flow with upside from future condo sales! The property spans 2,513 square feet and features three 2 Bedroom / 1-bathroom condos. The top two condos have been recently redesigned with modern finishes including SS appliances, luxury vinyl plank flooring, quartz countertops, fresh bathroom designs, in-unit laundry, romex electrical, copper plumbing plus so much more. Two will be delivered vacant - ideal for an owner-occupant looking to live in one unit while generating income from the others, or for a smart investor ready to lease all three for strong cash flow or sell individually when they choose. A spacious shared rear yard offers a sunny space with a patio perfect for entertaining or gardening for the upper two units. The ground floor unit boasts exclusive off-street parking and its own private patio! Turn-key and low maintenance with flexible living options, flexible exit options, a gross rent multiplier at 11.89 and immediate income potential makes this a standout asset in a very high-demand location. 95 Walk/Bike Score. Minutes to BART & steps to Oakland’s trendiest restaurants and popular amenities.
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Listed by Andrew Pitarre with Compass (510) 339-6460
Property Type
Triplex
Status
Active
MLS Number
41130447
Year Built
1912
Lot Size
2,134 sq ft