Oakland, CA 94606,498 Stow Avenue

$1,450,000

Est. payment /mo

$1,548,000

6.3%
Est.Price: ?

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498 Stow Avenue Oakland, CA 94606

5 Beds

2,622 SqFt

SOLD DATE : 02/16/2024

Key Details

Sold Price $1,450,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,622 sqft

Price per Sqft $553

MLS Listing ID ML81952701

Sold Date 02/16/24

Bedrooms 5

HOA Y/N No

Year Built 1915

Lot Size 4,601 Sqft

Acres 0.11

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.

Location

State CA

County Alameda

Area Listing

Zoning RU-1

Interior

Heating Electric, Space Heater

Cooling Ceiling Fan(s)

Flooring Hardwood

Fireplace No

Exterior

Exterior Feature Back Yard

View Y/N true

View Lake, Other

Building

New Construction No

Schools

School District Oakland (510) 879-8111

Others

Tax ID 0220309001

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Bridge MLS
Listed by Robert Gosalvez • Compass
Bought with MlsListingsx
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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