858-525-5007

2832 Summit St, Oakland CA 94609 | $1,470,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 3962 Lot Sq Ft
  • Type: Triplex
  • Stories: 0
  • Year Built: 1945
  • MLS#: 41134372
  • Community:

Listing provided courtesy of Joey Wang of Keller Williams Realty. Last updated 2026-06-28 08:11:33.000000. Listing information © 2025 SANDICOR.

Stabilized Oakland triplex in the heart of Pill Hill —walking distance to Kaiser Permanente, MacArthur BART, and Lake Merritt. The 2,968 SF building offers 11 bedrooms across three well-configured units: a fully renovated 4BR/2BA flagship unit delivered vacant, a remodeled 4BR/2.5BA, and a 3BR/1BA. Priced at $1,470,000 ($490K/door) with stabilized NOI of $92,858 and a 6.32% cap rate —rents already at market, zero gap to close. Over $63,000 invested since 2021, including sewer lateral compliance, dual-pane windows, two unit remodels, exterior paint, and a roof under five years old. Six parking spaces, in-unit laundry, and four electric meters. CC-2 zoning opens the door to ADU or density exploration, subject to verification. Live in the vacant flagship and collect $7,300+/month from the other two, or add a turnkey cash-flowing triplex to your portfolio. Opportunities like this don't sit long.

More Details

0.09 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985