1714 Chestnut Street, Oakland, California 94607, Oakland, 94607 - 0 bed, 0 bath
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Oakland, California 94607
This Versatile Triplex Value-Add Asset represents a High-Potential Investment Opportunity with a List Price of $970,000—positioned well below the $1,106,031 Fair Market Value by 12%. This valuation gap provides $136,031 in Instant Equity. Featuring a primary residence and two cottages on a 7,392 sq. ft. lot, the property offers a 5.1% stabilized cap rate and includes a remodeled vacant unit with a deck and patio. Despite a Condition Rating of 4 reflecting deferred maintenance, the income potential is substantial. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1714 Chestnut Street Subject | $955,000* List Price | 0 | 0 | 3,533 | $275 | - |
A 1127 Linden St Active | $899,000 List Price | 0 | 0 | 3,240 | $277 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1989 (35 years old), which typically falls into the poor category; however, one unit has been recently remodeled with modern kitchen cabinetry, stone counters, and new flooring (Excellent condition). The remaining units and exterior show signs of deferred maintenance and dated systems, requiring minor repairs and updates to realize the full 'value-add' potential described in the listing.
The property features a unique triplex configuration consisting of a primary residence and two detached cottages, offering excellent privacy and versatility for owner-occupants or multi-generational living.
With one unit recently remodeled and delivered vacant, the property provides a clear path to a 5.1% stabilized cap rate and a projected annual gross income exceeding $87,000.
Boasting over 3,500 square feet of living space on a generous 7,392 square foot lot, the property offers significant scale and potential for future value-add improvements in a high-demand rental market.
The property is priced to reflect deferred maintenance, signaling that a buyer will need to allocate additional capital for immediate repairs and structural or cosmetic upgrades.
With two units currently occupied, immediate access for comprehensive renovations or the ability to reset all units to market-rate rents may be limited by existing lease terms and local regulations.
Excellent opportunity for an owner-operator or investor to acquire a versatile 3-unit property on one lot in the heart of Oakland with clear value-add potential. This unique offering features a primary residence plus two separate cottages, providing flexible living and income opportunities. One of the cottages has been recently remodeled and is delivered vacant—ideal for an owner-occupant seeking immediate move-in while offsetting expenses with rental income. The main house and second cottage are currently occupied, offering stable in-place cash flow. The property currently generates approximately $74,968 in annual rental income (4.3% cap rate). With lease-up of the vacant unit at a conservative market rent of $2,100/month, projected gross income increases to approximately $87,642 annually. After applying a standard vacancy factor, this equates to a stabilized cap rate of approximately 5.1%, offering a realistic and achievable path to improved returns. The property is priced to reflect deferred maintenance, presenting an opportunity for buyers to further enhance value through improvements and operational upside. Situated in a convenient Oakland location with strong rental demand, this property is well suited for buyers looking to live in one unit while building long-term weal
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,533 | 2,042 | 78% |
| Lot Size | 7,392 | 3,500 | 89% |
| Price | $955.0K | $710.0K | 67% |
| Price per sq ft | $270 | $356 | 33% |
| Built year | 1989 | 1895 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 108 | 11% |
Jun 3, 2026
$955,000
$970,000
-2% Price Drop
Initial Listing
Apr 21, 2026
$970,000
Initial Listing