20
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$1,470,000
Est. payment /mo
3,963 Sqft Lot
Open Sat 2PM-4PM
2832 Summit St Oakland, CA 94609
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Open House
Thu May 14, 2:00pm - 4:00pm
Sat May 16, 2:00pm - 4:00pm
Sun May 17, 2:00pm - 4:00pm
Thu May 21, 2:00pm - 4:00pm
Sat May 23, 11:00am - 1:00pm
Sun May 24, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Pill Hill
MLS Listing ID 41134372
HOA Y/N No
Year Built 1945
Lot Size 3,963 Sqft
Property Sub-Type Triplex
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 vacant, fully renovated 4BR/2BA flagship, 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
Zoning CC2
Interior
Flooring Tile, Vinyl
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Total Parking Spaces 6
Building
Lot Description Street Level
Others
Tax ID 968717
Listed by Joey Wang Keller Williams Realty #01890931
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