1714 Chestnut Street, Oakland, CA 94607

Property Description

Excellent opportunity for an owner-operator or investor to acquire a versatile 3-unit property on one lot in the heart of Oakland with clear value-add potential. This unique offering features a primary residence plus two separate cottages, providing flexible living and income opportunities. One of the cottages has been recently remodeled and is delivered vacant—ideal for an owner-occupant seeking immediate move-in while offsetting expenses with rental income. The main house and second cottage are currently occupied, offering stable in-place cash flow. The property currently generates approximately $74,968 in annual rental income (4.3% cap rate). With lease-up of the vacant unit at a conservative market rent of $2,100/month, projected gross income increases to approximately $87,642 annually. After applying a standard vacancy factor, this equates to a stabilized cap rate of approximately 5.1%, offering a realistic and achievable path to improved returns. The property is priced to reflect deferred maintenance, presenting an opportunity for buyers to further enhance value through improvements and operational upside. Situated in a convenient Oakland location with strong rental demand, this property is well suited for buyers looking to live in one unit while building long-term weal

Listing Status:

Active

Date Added:

April 21, 2026

Data Last Updated:

May 20, 2026 at 7:16AM

Listing Office:

HPI Real Estate : 415-816-9977

Listing Agent:

Quentin Hyde : 415-816-9977

MLS ID:

41131797

Interior

• Flooring: CarpetVinyl
• A/C:
• Heating: Forced Air

Exterior

• Parking: GarageParking spaces: 4

Construction

• Roofing: Shingle
• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CCBE
• County: Alameda

Lot

• Zoning: 5387192

Financial

• Source: CRMLS_CCBE