Property Overview:
Potential Multi-Unit Investment Opportunity in Oakland, CA. Currently a remodeled triplex with 3 units:
- Unit 1: 3 bed / 1 bath
- Unit 2: 1 bed / 1 bath
- Unit 3: 1 bed / 1 bath
Plans submitted and permits pending for 5 additional units, allowing for a total of 8 units (each 2 bed / 1 bath) upon city approval. Current rental income: up to $6,000/month. One unit may be delivered vacant for owner occupancy.
Investment Highlights:
- Zoned for up to 8 units (verify with city; plans submitted, permits pending)
- Flexible options:
- Keep as triplex and occupy one unit, rent the others
- Build out to 8 units for maximum income potential
- Investor’s dream: Set your own rents, choose your tenants
- Fully rented (except one vacant unit for new owner or tenant)
- Separate meters: Each unit has its own electric, gas, and water meter
- Separate laundry rooms and storage units for each unit
Property Features:
- Recently remodeled:
- New windows
- Fresh paint (interior & exterior)
- Updated bathroom fixtures
- New tile and laminate flooring
- Updated kitchens
- Unit sizes:
- Upper level: 1 br/1ba (610 sf), 1 br/1ba (623 sf)
- Ground level: 2 br/1ba (861 sf) with attached garage
- Parking:
- Attached garage for lower unit
- Off-street parking for upper units
- Compliance:
- Sewer certified
- Sidewalk compliant
Location Benefits:
- Central Oakland location
- Easy access to highways
- 10 minutes to Downtown Oakland
- 15 minutes to San Francisco
- Ideal for owner-occupants, investors, or multi-generational living
- Flexible use: Home office, guest unit, family compound, or self-quarantine space
Summary:
Rare opportunity to own a remodeled triplex with major upside potential—expand to 8 units (pending city approval). Strong rental income, modern updates, and a prime location make this a standout investment or owner-occupant property in Oakland. Don’t miss out!