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David Lucas

[email protected] +1(650) 399-0121

Listed by Ray Rodriguez • Compass

$ 750,000

Est. payment -/mo

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Price Dropped by $145K

2464 Palmetto ST Oakland, CA 94602

9 Beds

3.5 Baths

3,186 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,186 sqft

Price per Sqft $235

MLS Listing ID ML81990544

Style Other

Bedrooms 9

Full Baths 3

Half Baths 1

Year Built 1940

Lot Size 10,380 Sqft

Property Sub-Type Triplex

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 (1) 4-bedroom, one-bath, (1) 3-bedroom, one-bath, and (1) 2-bedroom, one and a half-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 1.5-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. (buyer to conduct their own due diligence)

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

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Shingle

Building

Story 2

Foundation Brick , Crawl Space, Masonry Perimeter

Sewer Sewer - Private

Water Private / Mutual

Level or Stories 2

Others

Tax ID 028-0906-006

Security Features Other

Horse Property No

Special Listing Condition Not Applicable

David Lucas

Agent | License ID: 02114304

+1(650) 399-0121

David Lucas

2464 Palmetto ST Oakland, CA 94602

Key Details

Location

Interior

Exterior

Building

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2464 Palmetto ST