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Listed by Ray Rodriguez • Compass
$895,000
Est. payment /mo
3,186 SqFt
OPEN HOUSE
Thu Jan 23, 11:00am - 12:00pm
UPDATED:
01/17/2025 12:49 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,186 sqft
Price per Sqft $280
MLS Listing ID ML81990544
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1940
Lot Size 10,380 Sqft
Property Description
2462-2464 Palmetto St is an exceptional investment opportunity in the Dimond District in Oakland. This vibrant, triplex is located in the North East part of Oakland, offering a great location for both investors and tenants alike. This property features a versatile unit mix of one 4-bedroom, one-bath, one 3-bedroom, one-bath, and two 2-bedroom, one-bath units. With approximately 3,186 square feet of living space (buyer to verify) on a 0.24-acre lot, the complex provides an attractive blend of spacious units and some extra space to develop, offering substantial rental income potential for investors. The 2-bedroom, one-bath unit has forced heating, while the other two units have multiple wall furnaces. What truly sets this property apart is its location and potential to add additional dwelling units (ADU). Its proximity to Downtown Oakland makes it an ideal housing option for locals and people who commute to San Francisco, ensuring consistent high demand and low vacancy rates. The 4-bedroom 1-bath and the 2-bedroom 1-bath units are located in the front building and the other 3-bedroom 1-bath unit is located in a separate cottage in the back of the property. With enough space to build an additional unit.
Location
State CA
County Alameda
Interior
Heating Forced Air, Wall Furnace
Cooling Other
Fireplace No
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
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