3800 Greenwood AVE new Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94602
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,088 sqft
Price per Sqft $366
MLS Listing ID 25511135
Bedrooms 8
HOA Y/N No
Year Built 1916
Lot Size 6,965 Sqft
Property Description
3800 Greenwood Ave, a well-maintained 75% vacant fourplex adjacent to Trestle Glen and Glenview within Oakland, CA, a developer's dream. This 4,088 square foot property, situated on a 6,970 square foot lot, has been under the same ownership for over 35 years. Built in 1916, it retains its original charm while offering modern improvements, including a new roof, separate water heaters, and partial copper repiping, and some updated units. The property consists of (3) two-bedroom, one-bath units and (1) two-bedroom, one-and-a-half-bath units, each over 1,000 square feet. The property currently has (3) vacant units and could potentially be delivered fully vacant. Additionally, it features three vacant garages and two uncovered parking spaces, creating added value and convenience.Located just off Park Boulevard and adjacent to Piedmont, the property offers easy access to Lake Merritt, Montclair Village, and Grand Lake, ensuring strong rental demand and long-term appreciation. Beyond the existing income, the property also offers development potential. The garages present an opportunity to add 1-4 ADUs under SB 1211, providing additional rental income (buyer to verify), and the basement storage area offers flexibility for storage. For an owner-user, Unit 2's kitchen and bathroom are down to the studs and presents the chance to redesign and build a dream home while still generating rental income to offset a mortgage. Whether for an investor or owner-user, this property represents a rare and valuable opportunity.
Location
State CA
County Alameda
Area Glv - Glenview
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Door-Multi,Garage,Uncovered
Garage Spaces 3.0
Garage Description 3.0
Porch Open,Patio
Total Parking Spaces 5
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 024053102501
Special Listing Condition Standard