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Listed by Shalaya Shipman • Compass
$995,000
Est. payment /mo
3,630 SqFt
UPDATED:
01/18/2025 09:09 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,630 sqft
Price per Sqft $274
Subdivision Lakeshore/Grand
MLS Listing ID 41081870
HOA Y/N No
Originating Board Bridge AOR
Year Built 1924
Lot Size 5,000 Sqft
Property Description
Step into 848 Erie Street, a charming two-story fourplex nestled in the sought-after Grand-Lakeshore neighborhood of Oakland, where opportunity and potential abound for both investors and owner-occupants. This well-maintained property features four spacious 1-bedroom, 1-bathroom units, offering immediate rental income and the unique chance for an owner to live in one unit while enjoying the income from the others. Each unit boasts a private single-car garage and a dedicated rear entrance, ensuring privacy and convenience for all residents. The strong rental demand in this desirable area, combined with significant value-add opportunities, makes this an exceptional investment with incredible upside potential. With its ideal location in one of Oakland's most vibrant and thriving neighborhoods, this property presents an excellent opportunity for those looking to invest in a well-positioned asset, or homeowners seeking a live-in income property with long-term growth potential.
Location
State CA
County Alameda
Interior
Heating Gravity, Forced Air
Cooling No Air Conditioning
Flooring Hardwood, Laminate, Other
Fireplace Yes
Appliance Dryer, Washer, Gas Water Heater
Laundry Other, In Kitchen
Exterior
View City
Building
Lot Description Level
Water Public
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
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