Located just several blocks from beautiful Lake Merritt, this fourplex has been upgraded with loving care by its owner. Each 1-bedroom unit has its own distinct layout and charm, with several fireplaces, some hardwood floors, a spacious deck, as well as updated kitchens and bathrooms. Each unit has one designated parking space, and the building has a laundry facility in the basement. The location is ideal for urban living with a WalkScore of 89. Many shops, restaurants, and gyms are within walking or biking distance, as well as BART. A great investment with a 5.6% cap rate and 12.12 GRM. This turnkey opportunity is ready for its next owner.
Off market
Zestimate®
$1,274,400
352 Palm Ave, Oakland, CA 94610
4beds
4baths
3,050sqft
MultiFamily
Built in 1910
-- sqft lot
$1,274,400 Zestimate®
$418/sqft
$3,766 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Electric
Appliances
- Included: Dryer, Washer
- Laundry: In Basement, Coin Operated, Community Facility
Features
- Updated Baths, Updated Kitchen
- Flooring: Carpet, Hardwood
- Windows: Window Coverings
- Basement: Unfinished, Other, Separate Entry
- Has fireplace: Yes
- Fireplace features: Fireplaces
Interior area
- Total interior livable area: 3,050 sqft
Property
Parking
- Total spaces: 4
Features
- Patio & porch: Deck, Balcony/Patio
- Exterior features: Stucco
Lot
- Size: 4,599 sqft
- Features: Level, Corner Lot
Details
- Parcel number: 1078311
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
- Roof: Other
Condition
- Year built: 1910
Utilities & green energy
- Electric: 220 Volts in Laundry
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 8159
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Flooring: Carpet, Hardwood
- Roof: Other
- FireplaceYN: true
- Heating: Electric
- Basement: Unfinished, Other, Separate Entry
- HeatingYN: true
- PatioAndPorchFeatures: Deck, Balcony/Patio
- CoolingYN: true
- NumberOfUnitsTotal: 4
- TenantPays: Cable TV, Electricity
- ConstructionMaterials: Stucco
- LeaseTerm: 12 Months, Month To Month
- LotFeatures: Level, Corner Lot
- ExteriorFeatures: Front Yard
- OperatingExpenseIncludes: Utilities, Insurance, Trash, Gas, Water, Electric, Maintenance/Repair, Property Tax/Assessments, Miscellaneous/Other
- ParkingFeatures: Assigned, Off Street, Parking Area, Space Per Unit - 1
- WindowFeatures: Window Coverings
- MaintenanceExpense: 2575
- Appliances: Dryer, Washer, Gas Water Heater
- Cooling: Ceiling Fan(s)
- LaundryFeatures: In Basement, Coin Operated, Community Facility
- ProfessionalManagementExpense: 0
- Electric: 220 Volts in Laundry
- ExistingLeaseType: Security Deposit, Written Agreement
- FireplaceFeatures: Fireplaces
- InteriorFeatures: Updated Baths, Updated Kitchen
- VacancyAllowance: 1025
- InsuranceExpense: 1763
- MlsStatus: Pending
- CoListAgentFullName: BENJAMIN MARCUS
- GrossIncome: 98508
- GrossScheduledIncome: 98508
- NetOperatingIncome: 71188
- OperatingExpense: 27320
- TotalActualRent: 8159
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Estimated market value
$1,274,400