738 34th St, Oakland, CA 94609
List Price: $1M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1905
Lot Size: 3,258 sq ft
MLS Number: 41142986
About This Property
738–744 34th Street presents an exceptional investment opportunity in the heart of West Oakland. Originally built in 1902, this two-story fourplex was expanded with a lower-level addition in 1993, offering approximately 3,258 square feet of living space nestled on a 6,000 square foot lot. The property features a desirable unit mix of two (2) 2-bedroom, 1-bath units and two (2) 3-bedroom, 1-bath units. Situated in a thriving neighborhood experiencing a strong rental demand, this income-producing asset offers compelling investment metrics, including an approximate +/-9.79% Capitalization rate and +/-7.43 Gross Rent Multiplier (GRM). Separately metered with four (4) gas meters and four (4) electric meters, and is serviced by one (1) master water meter. Ideally located near MacArthur BART, downtown Oakland, San Francisco, and major corridors including I-580, I-80, I-880, and Highway 24, the property offers exceptional regional accessibility throughout the Bay Area. Positioned near the highly desirable Temescal neighborhood, a rare opportunity to acquire a well-maintained multifamily asset with strong in-place cash flow, excellent upside potential, and long-term appreciation potential.
Listing provided by: Giuseppe Zumbo DRE #01753412 510-339-6460 Giuseppe@zumborealestate.com, Compass
Source: CRMLS, MLS #: 41142986
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.