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Listed by Ofer Dallal • Keller Williams Realty
$699,000
Est. payment /mo
2,960 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41131633
Year Built 1933
Lot Size 2,960 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Strong, CASH-FLOWING mixed-use opportunity combining two residential units and a corner storefront for diversified, stable income. The retail space is leased to a well-established barber shop with a consistent operating history, providing dependable revenue. The primary residential unit, with frontage on Hillside St, offers ~1,250 sq ft across three levels with 3 bedrooms, 1 bath, an attached garage, dedicated laundry room, and direct access to the backyard - currently rented at close-to-market rate. The second residential unit presently operating as a family day-care (permitted use). The unit features a kitchen, full bath, and a bedroom, opening the door to multiple use scenarios. In-place rents total $6,570/month ($78,840 annually), delivering immediate cash flow (7-8% cap rate!) with additional upside potential. The property is well maintained with sewer lateral compliance certificate and sidewalk cleared for certification. Full inspection reports are available. Positioned with convenient access to I-580, I-880, and public transit, the location connects easily to major employment hubs across Oakland and the broader East Bay. Nearby parks, neighborhood retail, and community services support strong tenant demand and long-term stability. A versatile, income-producing asset with multiple income streams and room to grow. Ideal for investors seeking both performance and flexibility. Shown by appointment. Reach out for disclosures, pro forma, and offering memorandum.
Location
State CA
County Alameda
Interior
Heating See Remarks
Laundry Dryer Included, Washer Included
Exterior
Parking Features Garage, Garage Door Opener
Building
Lot Description Corner Lot, Back Yard
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900