Discover an exceptional investment in this well maintained Victorian triplex nestled in Oakland's Meadowbrook neighborhood, within the lively Fruitvale District. Preliminary applications to convert non-conforming units into ADUs present a TREMENDOUS OPPORTUNTIY FOR INCREASED INCOME on an already positive cashflow property! All units, recently updated & tenant-occupied, offer contemporary living. The building's tranquil ambiance, set back from the street, is complemented by on-site laundry & off-street parking, in the secure gated lot. A shared backyard enhances tenant enjoyment. . Explore the vibrant Dimond & Laurel districts, easily commute via Hwy 580, bus, or Fruitvale BART. Nearby conveniences include Morgan Plaza, Farmer Joes Market, the Food Mill, Peet's Coffee & Tea, La Farine Bakery, Grand Lake Kitchen, Hacienda Peralta Park, and Manzanita Recreation Center. Embrace this active community with a 73 Walk Score® & 60 Bike Score, accessibility is paramount to this property! Seize your opportunity to capitalize on the potential with a 7.1% CAP and 10.5 Gross Rent Multiplier. This is not just a property; it's your gateway to prosperity in the heart of Oakland's thriving community! DO NOT DISTURB, PLEASE RESPECT TENANTS PRIVACY.
Property Type :
Residential Income
County :
Alameda
Style :
Residential Income
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| Unit No |
Unit Key |
Total Bath |
Total Bed |
Full Bath |
Half Bath |
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1059529342 |
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2 |
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0 |
| 2 |
1059529342 |
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3 |
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0 |
| 3 |
1059529342 |
0 |
4 |
0 |
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ByOwner last updated this listing 05/15/2024 @ 15:53
MLS: ML81952805
LISTED BY: Lisa Wittkopf, Intero Real Estate Services
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
