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$750,000

Est. payment - /mo

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3,186 SqFt

Active Under Contract

2464 Palmetto ST Oakland, CA 94602

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,186 sqft

Price per Sqft $235

MLS Listing ID ML81990544

HOA Y/N No

Year Built 1940

Annual Tax Amount $9,452

Lot Size 10,380 Sqft

Property Sub-Type Triplex

Property Description

2462-2464 Palmetto St is an exceptional investment opportunity in the Dimond District in Oakland. This vibrant, triplex is located in the North East part of Oakland, offering a great location for both investors and tenants alike. This property features a versatile unit mix of (1) 4-bedroom, one-bath, (1) 3-bedroom, one-bath, and (1) 2-bedroom, one and a half-bath units. With approximately 3,186 square feet of living space (buyer to verify) on a 0.24-acre lot, the complex provides an attractive blend of spacious units and some extra space to develop, offering substantial rental income potential for investors. The 2-bedroom, one-bath unit has forced heating, while the other two units have multiple wall furnaces. What truly sets this property apart is its location and potential to add additional dwelling units (ADU). Its proximity to Downtown Oakland makes it an ideal housing option for locals and people who commute to San Francisco, ensuring consistent high demand and low vacancy rates. The 4-bedroom 1-bath and the 2-bedroom 1.5-bath units are located in the front building and the other 3-bedroom 1-bath unit is located in a separate cottage in the back of the property. With enough space to build an additional unit. (buyer to conduct their own due diligence)

Location

State CA

County Alameda

Area 699 - Not Defined

Zoning RM-3, S-13

Interior

Heating Wall Furnace

Fireplace No

Exterior

View Y/N No

Roof Type Flat,Shingle

Accessibility Other

Total Parking Spaces 3

Building

Story 2

Foundation Brick/Mortar

Sewer Private Sewer

Schools

School District Other

Others

Tax ID 0280906006

Special Listing Condition Standard

Listed by Ray Rodriguez • Compass

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