2462-2464 Palmetto St is an exceptional investment opportunity in the Dimond District in Oakland. This vibrant, triplex is located in the North East part of Oakland, offering a great location for both investors and tenants alike. This property features a versatile unit mix of (1) 4-bedroom, one-bath, (1) 3-bedroom, one-bath, and (1) 2-bedroom, one and a half-bath units. With approximately 3,186 square feet of living space (buyer to verify) on a 0.24-acre lot, the complex provides an attractive blend of spacious units and some extra space to develop, offering substantial rental income potential for investors. The 2-bedroom, one-bath unit has forced heating, while the other two units have multiple wall furnaces. What truly sets this property apart is its location and potential to add additional dwelling units (ADU). Its proximity to Downtown Oakland makes it an ideal housing option for locals and people who commute to San Francisco, ensuring consistent high demand and low vacancy rates. The 4-bedroom 1-bath and the 2-bedroom 1.5-bath units are located in the front building and the other 3-bedroom 1-bath unit is located in a separate cottage in the back of the property. With enough space to build an additional unit. (buyer to conduct their own due diligence)
Property Details
Price:
$750,000
MLS #:
ML81990544
Status:
Active
Baths:
0
Address:
2464 Palmetto Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
699notdefined
City:
Oakland
Listed Date:
Jan 15, 2025
State:
CA
ZIP:
94602
Lot Size:
10,380 sqft / 0.24 acres (approx)
Year Built:
1940
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Schools
Interior
Accessibility Features
Other
Heating
Wall Furnace
Exterior
Foundation Details
Brick/ Mortar
Garage Spaces
0.00
Parking Spots
3.00
Roof
Flat, Shingle
Sewer
Private Sewer
Stories Total
2
Financial
Taxes
$9,452
Map
Community
- Address2464 Palmetto Street Oakland CA
- Area699 – Not Defined
- CityOakland
- CountyAlameda
- Zip Code94602
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2464 Palmetto Street
Oakland, CA
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