A 1909 Victorian fourplex in the heart of downtown Oakland, priced at $186/SF in one of the city's most central addresses. The building carries its original character - bay windows, built-in cabinetry, hardwood floors - and the new 2025 roof takes the largest near-term capital item off the table. Gross annual rents of $96,756 grow to $125,484 at market as the vacant 2BR leases at $2,700 and the long-tenured 3BR turns toward $3,200, lifting net operating income from $58,000 to $82,000. Four electric meters and three gas meters keep operations clean, with the owner paying only garbage. The studio and adjacent 2BR can be combined into a larger unit, and the property's downtown mixed-use zoning opens a long-horizon density play. Minutes from BART, I-980/I-580, and downtown's full retail and employment core - a fourplex built for an owner-occupier, first-time multifamily buyer, or value-add investor ready to step into Oakland's core.
Listing courtesy of Joey Wang, (510) 592-5554 from Keller Williams Realty
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