2832 Summit St, Oakland, CA 94609
List Price: $1.47M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1945
Lot Size: 3,962 sq ft
MLS Number: 41134372
About This Property
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.
Listing provided by: Joey Wang DRE #01890931 925-934-2900 joey.wang@loremultifamily.com, Keller Williams Realty
Source: CRMLS, MLS #: 41134372
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.