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Listed by Giuseppe Zumbo • Compass
$1,000,000
Est. payment /mo
6,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $166
Subdivision Longfellow
MLS Listing ID 41142986
HOA Y/N No
Year Built 1905
Lot Size 3,258 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
738–744 34th Street presents an exceptional investment opportunity in the heart of West Oakland. Originally built in 1902, this two-story fourplex was expanded with a lower-level addition in 1993, offering approximately 3,258 square feet of living space nestled on a 6,000 square foot lot. The property features a desirable unit mix of two (2) 2-bedroom, 1-bath units and two (2) 3-bedroom, 1-bath units. Situated in a thriving neighborhood experiencing a strong rental demand, this income-producing asset offers compelling investment metrics, including an approximate +/-9.79% Capitalization rate and +/-7.43 Gross Rent Multiplier (GRM). Separately metered with four (4) gas meters and four (4) electric meters, and is serviced by one (1) master water meter. Ideally located near MacArthur BART, downtown Oakland, San Francisco, and major corridors including I-580, I-80, I-880, and Highway 24, the property offers exceptional regional accessibility throughout the Bay Area. Positioned near the highly desirable Temescal neighborhood, a rare opportunity to acquire a well-maintained multifamily asset with strong in-place cash flow, excellent upside potential, and long-term appreciation potential.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Other
Fireplace No
Appliance Gas Water Heater
Building
Lot Description Premium Lot
Water Public
Others
Special Listing Condition Standard
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