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738-744 34th Street presents an exceptional investment opportunity in the heart of West Oakland. Originally built in 1902, this two-story fourplex was expanded with a lower-level addition in 1993, offering approximately 3,258 square feet of living space nestled on a 6,000 square foot lot. The property features a desirable unit mix of two (2) 2-bedroom, 1-bath units and two (2) 3-bedroom, 1-bath units. Situated in a thriving neighborhood experiencing a strong rental demand, this income-producing asset offers compelling investment metrics, including an approximate +/-9.79% Capitalization rate and +/-7.43 Gross Rent Multiplier (GRM). Separately metered with four (4) gas meters and four (4) electric meters, and is serviced by one (1) master water meter. Ideally located near MacArthur BART, downtown Oakland, San Francisco, and major corridors including I-580, I-80, I-880, and Highway 24, the property offers exceptional regional accessibility throughout the Bay Area. Positioned near the highly desirable Temescal neighborhood, a rare opportunity to acquire a well-maintained multifamily asset with strong in-place cash flow, excellent upside potential, and long-term appreciation potential.
Property Type(s):
Residential Income
| Last Updated | 7/27/2026 | Year Built | 1905 |
|---|---|---|---|
| County | Alameda |
Additional Details
| LOT | 3258 sq ft |
|---|---|
| LOT DIMENSIONS | 3258 |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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