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Jonathan Shaffer

jonathan@shafferrealestategroup.com +1(408) 608-4659

Listed by Joey Wang, DRE #01890931 • Keller Williams Realty

$ 1,470,000

Est. payment -/mo

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Open Thu 2PM-4PM

2832 Summit St Oakland, CA 94609

11 Beds

3 Baths

3,656 SqFt

Open House

Thu May 14, 2:00pm - 4:00pm

Sat May 16, 2:00pm - 4:00pm

Sun May 17, 2:00pm - 4:00pm

Thu May 21, 2:00pm - 4:00pm

Sun May 24, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,656 sqft

Price per Sqft $402

MLS Listing ID EB41134372

Bedrooms 11

Year Built 1945

Lot Size 3,962 Sqft

Property Sub-Type Triplex

Source Bridge MLS

Property Description

Stabilized Oakland triplex in the heart of Pill Hill -walking distance to Kaiser Permanente, MacArthur BART, and Lake Merritt. The 2,968 SF building offers 11 bedrooms across three well-configured units: a vacant, fully renovated 4BR/2BA flagship, a remodeled 4BR/2.5BA, and a 3BR/1BA. Priced at $1,470,000 ($490K/door) with stabilized NOI of $92,858 and a 6.32% cap rate -rents already at market, zero gap to close. Over $63,000 invested since 2021, including sewer lateral compliance, dual-pane windows, two unit remodels, exterior paint, and a roof under five years old. Six parking spaces, in-unit laundry, and four electric meters. CC-2 zoning opens the door to ADU or density exploration, subject to verification. Live in the vacant flagship and collect $7,300+/month from the other two, or add a turnkey cash-flowing triplex to your portfolio. Opportunities like this don't sit long.

Location

State CA

County Alameda

Area Oakland Zip Code 94609

Zoning CC2

Interior

Cooling Air Conditioning - None

Flooring Tile, Vinyl

Laundry Laundry Area - In Unit, Washer, Dryer

Exterior

Exterior Feature Stucco

Parking Features Parking Area

Garage Spaces 6.0

Building

Lot Description Grade - Level

Water Heater - Gas

Others

Tax ID 9-687-17

Special Listing Condition New, Not Applicable

Nearby Locations

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Phone

+1(408) 608-4659

jonathan@shafferrealestategroup.com