2832 Summit St, Oakland, CA 94609

Oakland
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
2832 Summit St,Oakland, CA 94609
$1,470,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, May 16
    02:00 pm - 04:00 pm
  • Sun, May 17
    02:00 pm - 04:00 pm
Listed by: joey wang
Office: keller williams realty925-934-2900
MLS#:41134372
Source:CRMLS

Price summary

  • Price:$1,470,000

About this home

Stabilized Oakland triplex in the heart of Pill Hill —walking distance to Kaiser Permanente, MacArthur BART, and Lake Merritt. The 2,968 SF building offers 11 bedrooms across three well-configured units: a vacant, fully renovated 4BR/2BA flagship, a remodeled 4BR/2.5BA, and a 3BR/1BA. Priced at $1,470,000 ($490K/door) with stabilized NOI of $92,858 and a 6.32% cap rate —rents already at market, zero gap to close. Over $63,000 invested since 2021, including sewer lateral compliance, dual-pane windows, two unit remodels, exterior paint, and a roof under five years old. Six parking spaces, in-unit laundry, and four electric meters. CC-2 zoning opens the door to ADU or density exploration, subject to verification. Live in the vacant flagship and collect $7,300+/month from the other two, or add a turnkey cash-flowing triplex to your portfolio. Opportunities like this don't sit long.

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Home facts

  • Year built:1945
  • Listing ID #:41134372
  • Added:1 day(s) ago
  • Updated:May 14, 2026 at 10:26 AM

Rooms and interior

  • Flooring:Tile, Vinyl

Structure and exterior

  • Year built:1945
  • Lot area:0.09 Acres
  • Lot Features:Street Level
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$1,470,000

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:6
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