498 Stow AVE, Oakland, CA 94606
- $1,450,000
- 5
- BD
- 2,622
- SqFt
Listed by Robert Gosalvez, 408-313-8870 from Compass
(If provided) CoList: Rouzbeh Mokhtari from Compass
Sold listing courtesy of Phillip Minnick from OBOKWOAK
- Sold Price
- $1,450,000
- List Price
- $1,548,000
- Closing Date
- Feb 16, 2024
- MLS#
- ML81952701
- Status
- SOLD
- Zoning
- RU-1/S-12
- Sqft. of Residence
- 2,622
- Lot Size
- 4,601
- Listing Area
- Oakland Zip Code 94606
Property Description
Boasting an annual income of over $110,000 and a cap rate of more than 5% on the current rent, this investment opportunity is unparalleled. Owner occupancy financing is also available with as little as 5% down. This distinguished 1915 Edwardian-style triplex, featuring a captivating bonus unit, combines classic elegance and modern appeal. Situated just two blocks from the serene Lake Merritt, this property presents an enticing investment prospect in the coveted lower Haddon Hill neighborhood. Residents enjoy the tranquility of lakeside living while being close to the vibrant Lakeshore/Grand district, making it a prime choice for investors seeking lucrative returns. It seamlessly blends historic charm with the allure of Lake Merritt living and the vibrant Lakeshore/Grand district. Each unit promises substantial rental income and capital appreciation, making it a compelling proposition for astute investors.
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Additional Information
- Acres
- 0.11
- Age
- 109
- Amenities
- Walk-in Closet
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Floor Covering
- Hardwood
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Electric Car Hookup, Parking Area
- Heating System
- Electric, Fireplace, Space Heater
- Laundry Facilities
- Washer/Dryer - Some Units
- Living Area
- 2,622
- Lot Size
- 4,601
- Neighborhood
- Oakland Zip Code 94606
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Other - Not On Site
- Roof
- Composition, Rolled Composition
- Sewer
- Sewer Connected
- Style
- Edwardian
- Unincorporated Yn
- Yes
- View
- Lake View, Other
- Zoning
- RU-1/S-12
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