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$ 1,470,000
Est. payment /mo
Open Sat 11AM-1PM
2832 Summit St Oakland, CA 94609
11 Beds
3,656 SqFt
Open House
Sat Jun 06, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,656 sqft
Price per Sqft $402
Subdivision Pill Hill
MLS Listing ID 41134372
Bedrooms 11
HOA Y/N No
Year Built 1945
Lot Size 3,962 Sqft
Acres 0.09
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 fully renovated 4BR/2BA flagship unit delivered vacant, 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
Rooms
Basement None
Interior
Heating Central
Cooling No Air Conditioning
Flooring Tile, Vinyl
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Laundry In Unit
Exterior
Exterior Feature Yard Space
Utilities Available Individual Electric Meter, Master Gas Meter
Building
Lot Description Level, Paved
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 968717
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Listed by Joey Wang • Keller Williams Realty