
Oakland, California 94610
This Residential Income Triplex represents a Strong Value Opportunity, listed at $2,000,000—positioned well above the $1,829,675 Fair Market Value by -9%. While priced at a premium, the property features a Mint Condition Rating following a high-end renovation, including Viking appliances and onsite parking. Located in the desirable Adams Point neighborhood, it offers proximity to top-tier schools like Crocker Highlands Elementary and Piedmont High. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-yield rental property in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 384 Euclid Ave Subject | $2,000,000* List Price | 0 | 0 | 4,196 | $436 | - |
A 881 Erie St Pending | $1,450,000 List Price | 0 | 0 | 4,248 | $341 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1913 build date, the property has undergone a high-end renovation within the last 5 years. The kitchen features top-of-the-line Viking appliances, waterfall quartz countertops, and modern cabinetry. The interior shows updated recessed lighting, skylights, and contemporary finishes, indicating a mint-condition, move-in-ready status.
Elementary School: Crocker Highlands Elementary School (9/10). Middle School: Piedmont Middle School (9/10). High School: Piedmont High School (10/10).
Situated in the highly desirable Adams Point neighborhood near Lake Merritt, this property is in a high-demand rental market with excellent walkability and proximity to amenities.
The triplex features top-of-the-line kitchen appliances and the rare convenience of laundry facilities on every floor, allowing for premium rental rates and tenant retention.
Built in 1913, this century-old structure may require significant ongoing maintenance or costly upgrades to aging systems and infrastructure common in older Oakland buildings.
With a $2 million listing price for a triplex, the high cost per unit may result in a lower initial capitalization rate, requiring aggressive management to achieve desired investment yields.
A great income property, top of the line kitchen appliances. Laundry room on each floor. Parking onsite.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,196 | 2,547 |
| Lot Size | 8,400 | 4,475 |
| Price | $2.00M | $860.2K |
| Price per sq ft | $477 | $344 |
| Built year | 1913 | 1920 |
| HOA | $0 | $0 |
| Days on market | 28 | 56 |
Jun 24, 2026
$2,000,000
Initial Listing
Aug 17, 2016
$560,000
Public Record
Aug 17, 2016
$585,000
Public Record
Jun 3, 2016
$525,000
Public Record
Nov 17, 2005
$239,000
Public Record