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3800 Greenwood Avenue, Oakland, CA 94602
Priced at Only: $1,500,000
For more Information Call Mobile: 714.478.6676
Address: 3800 Greenwood Avenue, Oakland, CA 94602
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  • MLS#: 25511135 ( )
  • Street Address: 3800 Greenwood Avenue
  • Viewed: 2
  • Price: $1,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1916
  • Bldg sqft: 0
  • Days On Market: 37
  • Additional Information
  • County: ALAMEDA
  • City: Oakland
  • Zipcode: 94602
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Jake Jake
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    3800 Greenwood Ave, a fully vacant well maintained 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. 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.
Features
Building Area Total
  1. 4088.00
Cooling
  1. None
Country
  1. US
Garage Spaces
  1. 3.00
Heating
  1. Forced Air
Levels
  1. Multi/Split
Netoperatingincome
  1. 93791.00
Parcel Number
  1. 024053102501
Parking Features
  1. Uncovered
  2. Garage - Three Door
Postalcodeplus4
  1. 1152
Sourcesystemkey
  1. 25511135:CLAW
Totalexpenses
  1. 43009.00
Uncovered Spaces
  1. 2.00
Year Built
  1. 1916
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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