Active

1714 Chestnut Street

Oakland, CA 94607
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Bed 4

Bed

Bath 4

Bath

SqFt7,392

Sqft(Lot)

Excellent opportunity for an owner-operator or investor to acquire a versatile 3-unit property on one lot in the heart of Oakland with clear value-add potential. This unique offering features a primary residence plus two separate cottages, providing flexible living and income opportunities. One of the cottages has been recently remodeled and is delivered vacant—ideal for an owner-occupant seeking immediate move-in while offsetting expenses with rental income. The main house and second cottage are currently occupied, offering stable in-place cash flow. The property currently generates approximately $74,968 in annual rental income (4.3% cap rate). With lease-up of the vacant unit at a conservative market rent of $2,100/month, projected gross income increases to approximately $87,642 annual ly. After applying a standard vacancy factor, this equates to a stabilized cap rate of approximately 5.1%, offering a realistic and achievable path to improved returns. The property is priced to reflect deferred maintenance, presenting an opportunity for buyers to further enhance value through improvements and operational upside. Situated in a convenient Oakland location with strong rental demand, this property is well suited for buyers looking to live in one unit while building long-term weal

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Detail Ic Property Details

Property Type : Residential Income

Price : $955,000

AD Id : 77637688

MLS Id : 41131797

Beds : 4

Lot Size : 7,392 Sqft

Year Built : 1989

County : Alameda

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Feature Features

  • Bathroom Information

    Total Baths: 0
  • Interior Features

    Roof: Shingle Flooring: Carpet,Vinyl
  • Cooling Features

    Air Conditioning

    Heating Source

    Forced Air Has Heating

  • Building Information

    Year Built: 1989 Construction: Stucco Roof: Shingle

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1697
  • Lot Size Source: Public Records Lot Size Square Feet: 7392

  • Listing Price Information

    Original List Price: 955,000 Listing Contract Date: 2026-04-21

  • Tax Information

    Parcel Number: 5387192

  • Garage and Parking

    Garage Description: Garage

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: Directions: Cross Street: 18th. Source Property Type: Residential Income Property SubType: Triplex
  • Building and Construction

    Property Age: 37 Structure Type: Triplex Year Built Source: Vendor Enhanced
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
17th St, Oakland, CA, 94607 $675,000 -- -- 1,902 1,902 SqFt
Market Street, Oakland, CA, 94607 $900,000 -- -- 2,406 2,406 SqFt
603 Madison Street, Oakland, CA, 94607 $1,050,000 8 -- 2,460 2,460 SqFt
856 21st St, Oakland, CA, 94607 $1,150,000 7 4 --
Myrtle Street, Oakland, CA, 94607 $699,000 -- -- --
1745 Chase St, Oakland, CA, 94607 $1,299,000 8 4 --
858 Pine St, Oakland, CA, 94607 $975,000 6 4 --

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ByOwner last updated this listing 06/10/2026 @ 06:52

MLS: 41131797 LISTED BY: Quentin Hyde, HPI Real Estate 415-816-9977 SOURCE: CRMLS

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