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$895,000

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9 BD

3 BA

3,186 SqFt

Open Thu 11AM-12PM

2464 Palmetto ST Oakland, CA 94602

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Xavier Williams

[email protected] +1(408) 774-4300

OPEN HOUSE

Thu Jan 23, 11:00am - 12:00pm

UPDATED:

01/16/2025 03:20 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,186 sqft

Price per Sqft $280

MLS Listing ID ML81990544

Style Other

Bedrooms 9

Full Baths 3

Originating Board MLSListings, Inc.

Year Built 1940

Lot Size 10,380 Sqft

Property Description

2462-2464 Palmetto St is an exceptional investment opportunity in the Dimond District in Oakland. This vibrant, triplex is located in the North East part of Oakland, offering a great location for both investors and tenants alike. This property features a versatile unit mix of one 4-bedroom, one-bath, one 3-bedroom, one-bath, and two 2-bedroom, one-bath units. With approximately 3,186 square feet of living space (buyer to verify) on a 0.24-acre lot, the complex provides an attractive blend of spacious units and some extra space to develop, offering substantial rental income potential for investors. The 2-bedroom, one-bath unit has forced heating, while the other two units have multiple wall furnaces. What truly sets this property apart is its location and potential to add additional dwelling units (ADU). Its proximity to Downtown Oakland makes it an ideal housing option for locals and people who commute to San Francisco, ensuring consistent high demand and low vacancy rates. The 4-bedroom 1-bath and the 2-bedroom 1-bath units are located in the front building and the other 3-bedroom 1-bath unit is located in a separate cottage in the back of the property. With enough space to build an additional unit.

Location

State CA

County Alameda

Area Oakland Zip Code 94602

Zoning RM-3, S-13

Interior

Heating Central Forced Air - Gas, Wall Furnace

Cooling Other

Exterior

Parking Features Assigned Spaces, On Street

Garage Spaces 3.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Shingle

Building

Foundation Brick , Crawl Space, Masonry Perimeter

Sewer Sewer - Private

Water Private / Mutual

Architectural Style Other

Others

Tax ID 028-0906-006

Special Listing Condition Not Applicable

Listed by Ray Rodriguez • Compass

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA