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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.
Property Type(s):
Residential Income
| Last Updated | 5/12/2026 | Tract | PILL HILL |
|---|---|---|---|
| Year Built | 1945 | County | Alameda |
Additional Details
| APPLIANCES | Dryer, Gas Water Heater, Washer |
|---|---|
| CONSTRUCTION | Stucco |
| LOT | 3964 sq ft |
| LOT DIMENSIONS | 3962 |
| SUBDIVISION | PILL HILL |
Location
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Listed with Keller Williams Realty
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