3229 Elm Street
$1,499,900
8
5
3,103
3,103
$483
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.
- Listed by Colin Davies • DRE #01935999 • Security Pacific Real Estate
- Listed by Keum Hee Ha • DRE #01396201 • Security Pacific Real Estate
Property Details for 3229 Elm Street
City
OAKLAND
Dist Neighborhood SubdivPILL HILL
Building TypeTRIPLEX
Property Sub TypeTRIPLEX
Garage/ParkingAssigned Spaces, Parking Area
Park Spaces Total9
Total # Parking Spaces9
LISTING UPDATED: 09/11/2024 01:19 AM
Property Details for 3229 Elm Street
Status | Active |
---|---|
MLS # | 41071857 |
Days on Compass | 90 |
Taxes | $16,453 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / TRIPLEX |
Year Built | 1896 |
Lot Size | 0.10 AC / 4,370 SF |
County | Alameda County |
Building Information for 3229 Elm Street
Stories-Residences4Year Built1896Building Size-Lot Size0.10 AC / 4,370 SF
Property Information for 3229 Elm Street
Property History for 3229 Elm Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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