3229 Elm St

Oakland CA 94609

3093 sq. ft.

4370 sq. ft.

Duplex

Currently for sale - view listing

Overview

Exceptional, fully-occupied Victorian triplex with extra unit, built in 1896, seamlessly blends historic charm with modern upgrades. The current owner has made significant improvements, including upgraded electrical systems with separate meters for three of the units, modernized plumbing, renovated kitchens and baths, dual-pane windows, recessed lighting, upgraded appliances, tankless water heaters, and updated HVAC system. These enhancements ensure durability, tenant satisfaction, and reduced future expenses, to improve the cap rate. The property generates a gross scheduled annual income of $108,516 and a net operating income of $67,324, offering both stability and growth potential. Situated on a prime corner lot in Oakland?s Pill Hill neighborhood, it?s just steps from public transport, dining, shops, and the expanding medical district?with strong tenant demand for low vacancies. With nine parking spaces, a community laundry room, and three separate utility meters, this triplex offers a rare opportunity to increase income and maximize returns in one of Oakland's most desirable areas.

Features

3093 sq. ft. floor area

4370 sq. ft. lot size

Duplex

Property history for 3229 Elm St

2025

Rented

Undisclosed

15 Jul 2025 by Sequoia Real Estate

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