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343 Somerset Road

Oakland, CA 94611

– beds
– baths
2,588 sqft
7,113 sqft lot
$579 per sqft
1949 build
– on site

Located near the border of Piedmont, this rare 4-unit property is a trophy investment opportunity. Each of the four 1 BD/1 BA units offers spacious living with abundant natural light. Every unit includes a garage, providing added convenience and value for tenants. The property features a common laundry area equipped with coin-operated washers and dryers, offering ease and accessibility. With market rent significantly higher than the current rent, this property presents an excellent opportunity to increase revenue and maximize your investment potential. Set on a tranquil street yet close to local amenities, shops, dining, and public transportation, this property is in an excellent location, allowing easy access to the vibrant energy of Montclair Village and also downtown Oakland. Don't miss out on acquiring this exceptional income-generating property!

Listing courtesy of BAREIS / Faber Real Estate Team / Compass

Last checked: Checking… • Last updated Nov 7, 2024 •

MLS# 324066929 —

The Building

Year Built:

1949
Year Built Source:

Assessor Auto-Fill
Subtype Description:

Apartments
# of Buildings:

1
# of Units Total:

4
SqFt:

2,588 Sqft
SqFt Source:

Assessor Auto-Fill

Location

Directions:

Google Maps
Area:

Oakland Zip 94611
Cross Street:

Estates Dr

The Property

Property Type:

Residential Income
Property Type:

Quadruplex
Lot Features:

None
7113

Lot SqFt:
Lot Size Measurement:

Acres
Lot Size Source:

Assessor Auto-Fill
0.1633

Acres:

Listing Agent

Contact info:

Taxes

Assessors Parcel Number:

048C720000110

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Wall Furnace
Cooling:

None

Utilities

Water Source:

Public
Sewer:

Public Sewer

Appliances

Laundry Features:

Coin Operated, In Common Area

The Community

Association:

No
Cap Rate:

4.62

Parking

Garage Spaces:

4.00
Total Parking Spaces:

4.00
Parking Features:

Detached, Garage

Extra Units

# of 1 Bedroom Units:

4
Unit 1 Type:

Apartment
Unit 1 Description:

3 Rooms/1 Bedroom/1 Bathroom/666 SqFt
Unit 1 Bedrooms:

1
Unit 1 # of Rooms:

3
Unit 1 Full Baths:

1
Unit 1 Approx SqFt:

666
Unit 2 Type:

Apartment
Unit 2 Full Baths:

1
Unit 2 Description:

3 Rooms/1 Bedroom/1 Bathroom/621 SqFt
Unit 2 Bedrooms:

1
Unit 2 # of Rooms:

3
Unit 2 Approx SqFt:

621
Unit 3 Type:

Apartment
Unit 3 Bedrooms:

1
Unit 3 Description:

3 Rooms/1 Bedroom/1 Bathroom/666 SqFt
Unit 3 Full Baths:

1
Unit 3 # of Rooms:

3
Unit 3 Approx SqFt:

621
Unit 4 Type:

Apartment
Unit 4 Description:

3 Rooms/1 Bedroom/1 Bathroom/621 SqFt
Unit 4 Bedrooms:

1
Unit 4 # of Rooms:

3
Unit 4 Full Baths:

1
Unit 4 Approx SqFt:

621

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	% Change
8/23/24 Aug 23, 2024	Listed / Active	BAREIS	$1,500,000

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This multifamily located in North Hills, Oakland, CA 94611 is currently for sale for $1,500,000. 343 Somerset Road is a 2,588 square foot multifamily with – beds and – baths that has been on Estately for 91 days. 343 Somerset Road is in the North Hills neighborhood of Oakland and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Montclair Elementary School, Montera Middle School, and Skyline High School.

Listing courtesy of BAREIS, Compass, and Faber Real Estate Team.