$1,470,000

2832 Summit St, Oakland, CA 94609

  • 11 beds
  • 3,656 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $402/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

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.

Listing Status:
Active
Date Added:
May 12, 2026
Data Last Updated:
May 20, 2026 at 6:08AM
Listing Office:
Keller Williams Realty : 925-934-2900
Listing Agent:
Joey Wang : 510-592-5554
MLS ID:
41134372
  • Appliances: DryerWasherGas Water Heater
  • Laundry: In Unit
  • Basement: None
  • Flooring: TileVinyl
  • A/C: No Air Conditioning
  • Heating: Central
  • General: Yard Space
  • Parking: Parking LotUncovered Parking SpaceUncovered Park Spaces 2+Street Parking
  • General: Stucco
  • County: Alameda
  • Zoning: CC2968717
  • Fencing: Partial FenceFenced
  • Utilities: Individual Electric MeterMaster Gas Meter
  • Water: Public
  • Sewer: Public Sewer

This listing courtesy of Joey Wang , Keller Williams Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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