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Listed by Keller Williams Realty
$ 895,000
Est. payment | /mo
4,816 SqFt
$ 895,000
Est. payment | /mo
4,816 SqFt
Open House
Thu Jun 04, 11:00am - 1:00pm
Sun Jun 07, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,816 sqft
Price per Sqft $185
Subdivision Downtown
MLS Listing ID 41135993
HOA Y/N No
Year Built 1909
Lot Size 2,298 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
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
Interior
Heating Electric, Floor Furnace
Cooling No Air Conditioning
Flooring Vinyl, Carpet
Fireplace No
Appliance Dryer, Gas Water Heater
Laundry Dryer, Washer
Building
Lot Description Level, Paved
Water Public
Nearby Locations
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Anna Connolly
REALTOR® | Lic# 01505019