343 Somerset Road

Oakland, CA 94611

$1,500,000
Price
4
Beds
4
Baths
2,588 Sq. Ft.
$580 / Sq. Ft.
2,588
Sq. Ft.
$580
per Sq. Ft.

Description

Located near the border of Piedmont, this rare 4-unit property is a trophy investment opportunity. Each of the four 1 BD/1 BA units offers spacious living with abundant natural light. Every unit includes a garage, providing added convenience and value for tenants. The property features a common laundry area equipped with coin-operated washers and dryers, offering ease and accessibility. With market rent significantly higher than the current rent, this property presents an excellent opportunity to...Located near the border of Piedmont, this rare 4-unit property is a trophy investment opportunity. Each of the four 1 BD/1 BA units offers spacious living with abundant natural light. Every unit includes a garage, providing added convenience and value for tenants. The property features a common laundry area equipped with coin-operated washers and dryers, offering ease and accessibility. With market rent significantly higher than the current rent, this property presents an excellent opportunity to increase revenue and maximize your investment potential. Set on a tranquil street yet close to local amenities, shops, dining, and public transportation, this property is in an excellent location, allowing easy access to the vibrant energy of Montclair Village and also downtown Oakland. Don't miss out on acquiring this exceptional income-generating property!

Listing Agents

  1. Ben Faber

    Ben Faber

    Listing Agent

    Compass

    DRE #01913767

    ben.faber@compass.com

    P: 415.686.4980

Property Details for 343 Somerset Road

Cross Street
Estates Dr
Total Parking Spaces
4
LISTING UPDATED: 09/14/2024 03:00 PM

Property Details for 343 Somerset Road

StatusActive
MLS #324066929
Days on Compass28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1949
Lot Size0.16 AC / 7,113 SF
CountyAlameda County

Virtual Tour

Building Information for 343 Somerset Road

Stories-Residences-Year Built1949Building Size-Lot Size0.16 AC / 7,113 SF

Property Information for 343 Somerset Road

Summary
Location and General Information
  • Area/District: Oakland Zip 94611
  • Area Short Display: 2611
  • Directions to Property: Google Maps
  • Area Long Display: Oakland Zip Code 94611
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 048C720000110
Parking
  • Parking Features: Detached, Garage
  • Carport Spaces: 0
  • Garage Spaces: 4
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 2
Property
Lot Information
  • Square Footage: 2588.0
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 7113.0
  • Lot Features: None
Property and Assessments
  • Picture Count: 21
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Actual or Scheduled: Scheduled
  • Gross Rent Multiplier: 0.0
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 0
Interior Features
  • Heating: Wall Furnace
  • Cooling: None
  • Laundry Features: Coin Operated, In Common Area
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 4
  • 1 Bedroom Rent Range: 2,200.00
  • 1 Bedroom Annual Occupancy: 100.00%
  • # of 1 Bedrooms Occupied: 4
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 2,200.00
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 2,200.00
  • 3 Bedroom Annual Occupancy: 100.00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 2,200.00
  • 4 Bedroom Annual Occupancy: 100.00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $84,797.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 1
  • # Of Units Total: 4
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Description: 3 Rooms/1 Bedroom/1 Bathroom/666 SqFt
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 3
  • Unit 1 Approx SqFt: 666
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Description: 3 Rooms/1 Bedroom/1 Bathroom/621 SqFt
  • Unit 2 Full Baths: 1
  • Unit 2 # of Rooms: 3
  • Unit 2 Approx SqFt: 621
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 1
  • Unit 3 Description: 3 Rooms/1 Bedroom/1 Bathroom/666 SqFt
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 3
  • Unit 3 Approx SqFt: 621
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 1
  • Unit 4 Description: 3 Rooms/1 Bedroom/1 Bathroom/621 SqFt
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 3
  • Unit 4 Approx SqFt: 621
  • Unit 4 Type: Apartment

Property History for 343 Somerset Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 343 Somerset Road

Taxable ValueLand$328,089Additions$765,541Total$1,093,630
Tax Record2023$18,517 ($1,543 / month)
Home Facts
Total Finished SqFt2,588 SqFtAbove Grade Finished SqFt2,588 SqFtStories2Lot Size7,114 SqFtStyleQuadraplexYear Built1949CountyALAMEDAAPN48C-7200-1-10

Schools near 343 Somerset Road

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
Charter - 9 to 12
Rating
School
Distance
Montclair Elementary School
PublicK to 5

Montera Middle School
Public6 to 8

Skyline High School
Public9 to 12

Oakland Charter High School
Charter9 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.

Similar Homes

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343 Somerset Road is a multi-family home for sale in Oakland, CA 94611. This property was listed for sale on August 23, 2024 by Compass, it's currently listed at $1,500,000. It has been on the market for a total of 28 days and was last sold on October 9, 2018. This listing's school district is Oakland Unified School District. Nearby schools include Montclair Elementary School, Montera Middle School and Skyline High School. 343 Somerset Road is a 4-bed, 4-bath, 2,588 sqft multi-family home built in 1949.

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 Compass, Ben Faber, DRE #01913767; Compass, Faber Real Estate Team

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.