$1,450,000
$1,548,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
498 Stow AVE Oakland, CA 94606
5 Beds
3.5 Baths
2,622 SqFt
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,622 sqft
Price per Sqft $553
MLS Listing ID ML81952701
Sold Date 02/16/24
Style Edwardian
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1915
Lot Size 4,601 Sqft
Property Description
Boasting an annual income of over $110,000 and a cap rate of more than 5% on the current rent, this investment opportunity is unparalleled. Owner occupancy financing is also available with as little as 5% down. This distinguished 1915 Edwardian-style triplex, featuring a captivating bonus unit, combines classic elegance and modern appeal. Situated just two blocks from the serene Lake Merritt, this property presents an enticing investment prospect in the coveted lower Haddon Hill neighborhood. Residents enjoy the tranquility of lakeside living while being close to the vibrant Lakeshore/Grand district, making it a prime choice for investors seeking lucrative returns. It seamlessly blends historic charm with the allure of Lake Merritt living and the vibrant Lakeshore/Grand district. Each unit promises substantial rental income and capital appreciation, making it a compelling proposition for astute investors.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Zoning RU-1/S-12
Rooms
Kitchen Dishwasher, Oven Range, Refrigerator
Interior
Heating Electric, Fireplace , Space Heater
Cooling Ceiling Fan
Flooring Hardwood
Laundry Washer/Dryer - Some Units
Exterior
Exterior Feature Back Yard, Balcony / Patio, Fenced, Fire Pit
Garage Electric Car Hookup, Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters, Other - Not On Site
View Lake, Other
Roof Type Composition,Rolled Composition
Building
Story 2
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Public
Level or Stories 2
Others
Tax ID 022-0309-001
Security Features Security Alarm ,Security Building,Security Lights,Window Bars
Horse Property No
Special Listing Condition Not Applicable
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Bought with Phillip Minnick • KW Advisors East Bay