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noreply@searchonlinelistings.caListed by Joey Wang, DRE #01890931 • Keller Williams Realty
$895,000
Est. payment /mo
7 Beds
4 Baths
4,816 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,816 sqft
Price per Sqft $185
MLS Listing ID EB41135993
Bedrooms 7
Year Built 1909
Lot Size 2,298 Sqft
Property Sub-Type Fourplex
Source Bridge MLS
Property Description
A 1909 Victorian fourplex in the heart of downtown Oakland, priced at $186/SF in one of the city's most central addresses. The building carries its original character - bay windows, built-in cabinetry, hardwood floors - and the new 2025 roof takes the largest near-term capital item off the table. Gross annual rents of $96,756 grow to $125,484 at market as the vacant 2BR leases at $2,700 and the long-tenured 3BR turns toward $3,200, lifting net operating income from $58,000 to $82,000. Four electric meters and three gas meters keep operations clean, with the owner paying only garbage. The studio and adjacent 2BR can be combined into a larger unit, and the property's downtown mixed-use zoning opens a long-horizon density play. Minutes from BART, I-980/I-580, and downtown's full retail and employment core - a fourplex built for an owner-occupier, first-time multifamily buyer, or value-add investor ready to step into Oakland's core.
Location
State CA
County Alameda
Area Oakland Zip Code 94607
Zoning D-DT
Interior
Heating Floor Furnace , Electric
Cooling Air Conditioning - None
Flooring Vinyl, Carpet - Wall to Wall
Laundry Washer, Dryer
Exterior
Exterior Feature Siding - Wood , Wood Frame
Roof Type Wood Shakes / Shingles
Building
Lot Description Grade - Level
Water Heater - Gas
Others
Tax ID 2-23-19
Special Listing Condition New, Not Applicable
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