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$1,240,000
Est. payment /mo
3,497 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41113788
HOA Y/N No
Year Built 1905
Lot Size 3,497 Sqft
Property Description
Over $10,000 Monthly Rental Income! A rare 5-unit investment property in Oakland's Highland Terrace, offering both strong cash flow and future upside. This charming 5-unit building features a blend of updated interiors and exterior details, with several units recently renovated to maximize tenant appeal and rental value. The current tenants are clean, reliable, and financially stable—making management easier and more worry-free for the new owner. In addition, the property includes a basement with an approved permit to be converted into a legal 3-bedroom/1-bath unit, which could generate at least an additional $2,800+ in monthly rental income. Just minutes from Fruitvale BART, Highland Hospital, and Lake Merritt, with strong rental demand in the area, this property combines urban convenience with neighborhood charm—ideal for seasoned investors seeking steady cash flow as well as owner-occupants looking for flexible income potential.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling None
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Corner Lot
Others
Tax ID 21290261
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Listed by Jun Li Alliance Bay Realty
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