
Livermore, California 94551
Analysis of 231 N K Street, Livermore, California 94551 is currently available with a list price of $1,550,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Livermore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1989 (35 years old), the property exceeds the age threshold for 'Good' condition. While one unit has received recent cosmetic updates including stainless appliances and new flooring, the kitchen cabinetry appears original/dated, and the exterior shows typical wear for its age. The property is functional and move-in ready but requires further modernization to meet higher rating tiers.
The property features one vacant, updated unit ready for an owner-occupant or market-rate tenant, while the two occupied units provide immediate rental income to offset mortgage costs.
With six covered parking spaces, including two enclosed garages, this triplex offers significantly more parking than typical multi-family properties, a major draw for high-quality tenants.
Situated near Downtown Livermore’s dining and tasting rooms with easy access to I-580 and the ACE station, the property is ideally positioned for both lifestyle and commuting convenience.
Two units are sold occupied, which limits the immediate ability to renovate or adjust rents to full market value across the entire building upon acquisition.
The local elementary and middle schools carry average ratings (4-5), which may impact the property's appeal to families specifically seeking high-performing school districts.
Three residences, one strong opportunity. This Livermore triplex offers a desirable unit mixtwo 3-bedroom, 2-bath homes and one 2-bedroom, 2.5-bath homeacross approximately 3,720 square feet of living space on a 7,492 square foot lot. Each residence features its own washer and dryer for added convenience and independence. One of the 3-bedroom units has been recently updated and is delivered vacant and move-in ready, while the other two units are occupied and producing income from close of escrow. That combination creates flexibility: an owner-occupant can settle into the updated unit while the other two help offset the mortgage, accommodate extended family with separation and privacy, or an investor can lease the vacant unit at today's market rent and hold all three units as income-producing rentals. Parking is a standout, with six covered spaces, including two enclosed garage spaces, plus additional street parking. The location adds even more appealclose to shopping and dining, minutes from Downtown Livermore's restaurants and tasting rooms, and convenient to I-580 and the ACE station for commuters. A well-located multifamily property with income potential and flexibility built in.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.6 mi
Grades K-8 • 0.3 mi
No sensitive facilities data found.
Aug 13, 2026
$1,550,000
Initial Listing