2464 Palmetto St - Apartments FOR SALE


Oakland, CA 94602
$895,000 USD
650-770-8356
2464 Palmetto St, Oakland, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/19
null | 3.73% Cap Rate

2464 Palmetto St
Oakland, CA 94602


HIGHLIGHTS

  • Potential to add additional dwelling units (ADU).
  • Two buildings, with the 3 bed 1 bath unit located in a cottage in the back.
  • Located in the Dimond District in Oakland.

OVERVIEW

2462-2464 Palmetto St is an exceptional investment opportunity in the Dimond District in Oakland. This vibrant, triplex is located in the North East part of Oakland, offering a great location for both investors and tenants alike. This property features a versatile unit mix of one 4-bedroom, one-bath, one 3-bedroom, one-bath, and two 2-bedroom, one-bath units. With approximately 3,186 square feet of living space (buyer to verify) on a 0.24-acre lot, the complex provides an attractive blend of spacious units and some extra space to develop, offering substantial rental income potential for investors. The 2-bedroom, one-bath unit has forced heating, while the other two units have multiple wall furnaces. What truly sets this property apart is its location and potential to add additional dwelling units (ADU). Its proximity to Downtown Oakland makes it an ideal housing option for locals and people who commute to San Francisco, ensuring consistent high demand and low vacancy rates. The 4-bedroom 1-bath and the 2-bedroom 1-bath units are located in the front building and the other 3-bedroom 1-bath unit is located in a separate cottage in the back of the property. With enough space to build an additional unit.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

3

PRICE/UNIT

$298,333

CAP RATE

3.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

028-906-06

ASK ABOUT THIS PROPERTY

Tony ZizzoCompass CommercialMore Info
650-770-8356

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Tony ZizzoCompass CommercialMore Info
650-770-8356

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.