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3229 Elm St

Oakland, CA 94609

– beds
– baths
– sqft
4,370 sqft lot
1896 build
– on site

Exceptional, fully-occupied Victorian triplex with extra unit, built in 1896, seamlessly blends historic charm with modern upgrades. The current owner has made significant improvements, including upgraded electrical systems with separate meters for three of the units, modernized plumbing, renovated kitchens and baths, dual-pane windows, recessed lighting, upgraded appliances, tankless water heaters, and updated HVAC system. These enhancements ensure durability, tenant satisfaction, and reduced future expenses, to improve the cap rate. The property generates a gross scheduled annual income of $108,516 and a net operating income of $67,324, offering both stability and growth potential. Situated on a prime corner lot in Oakland’s Pill Hill neighborhood, it’s just steps from public transport, dining, shops, and the expanding medical district—with strong tenant demand for low vacancies. With nine parking spaces, a community laundry room, and three separate utility meters, this triplex offers a rare opportunity to increase income and maximize returns in one of Oakland's most desirable areas.

Listed By CRMLS_CA / Colin Davies / Security Pacific Real Estate

Last checked: Checking… • Last updated Sep 11, 2024 •

MLS# 41071857 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1896
Construction Materials:

Wood Siding
Roof:

Shingle
Total Number Of Units:

4

Interior

Flooring:

Laminate
Laundry:

Dryer Included, Washer Included
Laundry:

1

Location

Directions:

Telegraph to 34th to Elm Cross Street: 34th Street.
Latitude:

37.82136400
Longitude:

-122.26570000

The Property

Property Type:

Residential Income
Subtype:

Triplex
Zoning:

S-1
Lot Features:

Corner Lot, Level with Street, Yard
Lot Size Area:

4370.0000
Lot Size Acres:

0.1003
Lot Size SqFt:

4370.00
Lot Size Source:

Public Records

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4013/1

The Listing

Parcel Number:

974611

Heating & Cooling

Heating:

1
Heating:

Forced Air
Cooling:

Yes

The Community

Subdivision:

PILL HILL
Subdivision:

PILL HILL

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

9.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
9/4/24 Sep 4, 2024	Listed / Active	CRMLS_CA	$1,499,900
10/20/23 Oct 20, 2023	Price Changed	BRIDGE
9/29/23 Sep 29, 2023	Listed / Active	BRIDGE

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This multifamily located in Pill Hill, Oakland, CA 94609 is currently for sale for $1,499,900. 3229 Elm St is a – square foot multifamily with – beds and – baths that has been on Estately for 78 days. 3229 Elm St is in the Pill Hill neighborhood of Oakland and has a WalkScore® of 93, making it a walker’s paradise. This multifamily is in the attendance area of Oakland Technical High School, Westlake Middle School, and Hoover Elementary School.

Listing Courtesy of: CRMLS_CA and Security Pacific Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 19:54 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.