Oakland, CA 94606,498 Stow AVE
Oakland, CA 94606,498 Stow AVE
Oakland, CA 94606,498 Stow AVE
36
$1,450,000
$1,548,000
6.3%
Est.Price: ?

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2,622 SqFt

498 Stow AVE Oakland, CA 94606

Est. payment /mo
SOLD DATE : 02/16/2024

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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

HOA Y/N No

Year Built 1915

Annual Tax Amount $20,000

Lot Size 4,599 Sqft

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 699 - Not Defined

Zoning RU-1/S-12

Interior

Heating Electric, Fireplace(s), Space Heater

Flooring Wood

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Parking Features Electric Vehicle Charging Station(s)

View Y/N Yes

View Lake

Roof Type Composition

Accessibility None

Total Parking Spaces 4

Building

Story 2

Water Public

Schools

School District Other

Others

Tax ID 0220309001

Security Features Security Lights,Window Bars

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Gosalvez • Compass
Bought with Phillip Minnick

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