3229 Elm Street

Oakland, CA 94609

$1,499,900
Price
8
Beds
5
Baths
3,103 Sq. Ft.
$483 / Sq. Ft.
3,103
Sq. Ft.
$483
per Sq. Ft.

Description

Exceptional, fully-occupied Victorian triplex with extra unit, built in 1896, seamlessly blends historic charm with modern upgrades. The current owner has made significant improvements, including upgraded electrical systems with separate meters for three of the units, modernized plumbing, renovated kitchens and baths, dual-pane windows, recessed lighting, upgraded appliances, tankless water heaters, and updated HVAC system. These enhancements ensure durability, tenant satisfaction, and reduced future...Exceptional, fully-occupied Victorian triplex with extra unit, built in 1896, seamlessly blends historic charm with modern upgrades. The current owner has made significant improvements, including upgraded electrical systems with separate meters for three of the units, modernized plumbing, renovated kitchens and baths, dual-pane windows, recessed lighting, upgraded appliances, tankless water heaters, and updated HVAC system. These enhancements ensure durability, tenant satisfaction, and reduced future expenses, to improve the cap rate. The property generates a gross scheduled annual income of $108,516 and a net operating income of $67,324, offering both stability and growth potential. Situated on a prime corner lot in Oakland’s Pill Hill neighborhood, it’s just steps from public transport, dining, shops, and the expanding medical district—with strong tenant demand for low vacancies. With nine parking spaces, a community laundry room, and three separate utility meters, this triplex offers a rare opportunity to increase income and maximize returns in one of Oakland's most desirable areas.
  1. Listed by Colin Davies • DRE #01935999 • Security Pacific Real Estate
  2. Listed by Keum Hee Ha • DRE #01396201 • Security Pacific Real Estate

Property Details for 3229 Elm Street

City
OAKLAND
Dist Neighborhood Subdiv
PILL HILL
Building Type
TRIPLEX
Property Sub Type
TRIPLEX
Garage/Parking
Assigned Spaces, Parking Area
Park Spaces Total
9
Total # Parking Spaces
9
LISTING UPDATED: 09/11/2024 01:19 AM

Property Details for 3229 Elm Street

StatusActive
MLS #41071857
Days on Compass90
Taxes$16,453 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / TRIPLEX
Year Built1896
Lot Size0.10 AC / 4,370 SF
CountyAlameda County

Building Information for 3229 Elm Street

Stories-Residences4Year Built1896Building Size-Lot Size0.10 AC / 4,370 SF

Property Information for 3229 Elm Street

Features
Feature Details
  • Flooring: Laminate
  • Laundry: Common Room, Community Facility, Dryer, Washer
Utility Details
  • Cooling: Central 1 Zone A/C
  • Heating: Forced Air 1 Zone
  • Water/Sewer: Water - Public, Sewer Connected
Lot / Property Details
Property Details
  • Additional Equipment: Dryer, Washer, Window Coverings, Tankless Water Heater, Carbon Mon Detector, Smoke Detector, Video System, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Wood Siding
  • Lot Description: Corner, Level, Area Lighting, Garden, Landscape Back, Landscape Front, Partial Fence
  • Lot Sq Ft Apx: 4370
  • Lot Size Square Feet: 4370.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3093
  • Yard Description: Deck(s), Fenced, Side Yard, Front Porch, Garden, Landscape Misc
  • Year Built: 1896
  • Zoning: S-1
  • Acres: 0.1
Location Details
  • Elementary School District: 1686
  • Directions to Property: Telegraph to 34th to Elm
  • FIPS Code: 06001
  • Census Tract: 4013/1
  • Parcel Number: 9-746-11
  • Printed Neighborhood Rpt: Yes
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • Some Units Have: Dishwasher, Patio, Updated Baths, Updated Kitchen
  • Units Total: 4
  • Basement: None
  • Parking Description: Parking Area, Spaces - Assigned
  • Separate Meters: Electric, Gas, Water, Other
  • Existing Lease Terms: Month to Month, Security Deposit, Written Agreement, Year Lease
  • Tenant Pays: Cable TV, Electric, Gas, Parking, Trash, Water, Other
  • Financial Data Source: Owner, Projected, Tax Return, Rental Agreement
Income / Expense Details
  • Annual Expense Year: 2024
  • Annual Taxes $: $16,453
  • Annual Gross Fee Income: $4,380
  • Annual Gross Sched Income: $108,516
  • Annual Rental Income: $104,136
  • Net Operating Income: $67,324
  • Annual Insurance Expense: $2,673
  • Annual Maintance Expense: $3,134
  • Annual Total Oper Expense: $28,323
  • Annual Utility Expense: $6,062
  • Operating Expenses: Electric, Garbage Collection, Gas, Insurance, Maintenance/Repair, Property Tax/Assessments, Water
Unit 1 Details
  • Unit #/Address - 1: Unit 1A
  • Occupied By 1: Tenant
  • Dining Room 1: No
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 2
  • Bathrooms 1: 1
  • Apx Sq Ft 1: 700
  • Rent 1: $1,878
Unit 2 Details
  • Unit #/Address - 2: Unit 1B
  • Occupied By 2: Tenant
  • Dining Room 2: No
  • Air Cond 2: Yes
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 2
  • Bathrooms 2: 1
  • Apx Sq Ft 2: 745
  • Rent 2: $2,350
Unit 3 Details
  • Unit #/Address - 3: Unit 2A
  • Occupied By 3: Tenant
  • Dining Room 3: No
  • Air Cond 3: No
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 2
  • Bathrooms 3: 1
  • Apx Sq Ft 3: 709
  • Rent 3: $2,100
Unit 4 Details
  • Unit #/Address - 4: Unit 2B
  • Occupied By 4: Tenant
  • Dining Room 4: Yes
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 2
  • Bathrooms 4: 2
  • Apx Sq Ft 4: 949
  • Rent 4: $2,350
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Balcony/Patio, Cable TV, Wired For, Extra Storage, Garden, Storage Area(s), Shower Stall(s), Tub w/Shower Over
  • Total Deposits: 8670
Additional Information
Additional Information
  • Fireplace: No
  • Elementary School District: Oakland (510) 879-8111
  • High School District: Oakland (510) 879-8111

Property History for 3229 Elm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3229 Elm Street

Taxable ValueLand$376,685Additions$628,414Total$1,005,099
Tax Record2024$15,736 ($1,311 / month)
Home Facts
Total Finished SqFt3,093 SqFtAbove Grade Finished SqFt3,093 SqFtStories2Lot Size4,370 SqFtStyleTriplexYear Built1896Year Renovated1930CountyALAMEDAAPN9-746-11

Schools near 3229 Elm Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hoover Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Street Academy (Alternative)
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3229 Elm Street is a multi-family home for sale in Oakland, CA 94609. This property was listed for sale on September 4, 2024 by Security Pacific Real Estate, it's currently listed at $1,499,900. It has been on the market for a total of 90 days and was last sold on January 27, 2005. This listing's school district is Oakland Unified School District. Nearby schools include Hoover Elementary School, Westlake Middle School and Oakland Technical High School. 3229 Elm Street is a 8-bed, 5-bath, 3,103 sqft multi-family home built in 1896.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Security Pacific Real Estate, Colin Davies, DRE #01935999; Security Pacific Real Estate, Keum Hee Ha, DRE #01396201

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.