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Listed by Joey Wang, DRE #01890931 • Keller Williams Realty
$1,470,000
Est. payment /mo
11 Beds
3 Baths
3,656 SqFt
Active
2832 Summit St Oakland, CA 94609
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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 fully renovated 4BR/2BA flagship unit delivered vacant, 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 Not Applicable
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