3800 Greenwood Ave, a well-maintained 75% vacant fourplex adjacent to Trestle Glen and Glenview within Oakland, CA, a developer’s dream. This 4,088 square foot property, situated on a 6,970 square foot lot, has been under the same ownership for over 35 years. Built in 1916, it retains its original charm while offering modern improvements, including a new roof, separate water heaters, and partial copper repiping, and some updated units. The property consists of (3) two-bedroom, one-bath units and (1) two-bedroom, one-and-a-half-bath units, each over 1,000 square feet. The property currently has (3) vacant units and could potentially be delivered fully vacant. Additionally, it features three vacant garages and two uncovered parking spaces, creating added value and convenience.Located just off Park Boulevard and adjacent to Piedmont, the property offers easy access to Lake Merritt, Montclair Village, and Grand Lake, ensuring strong rental demand and long-term appreciation. Beyond the existing income, the property also offers development potential. The garages present an opportunity to add 1-4 ADUs under SB 1211, providing additional rental income (buyer to verify), and the basement storage area offers flexibility for storage. For an owner-user, Unit 2’s kitchen and bathroom are down to the studs and presents the chance to redesign and build a dream home while still generating rental income to offset a mortgage. Whether for an investor or owner-user, this property represents a rare and valuable opportunity.
Property Details
Price:
$1,500,000
MLS #:
25511135
Status:
Active
Baths:
0
Address:
3800 Greenwood Avenue
Type:
Residential Income
Neighborhood:
glvglenview
City:
Oakland
Listed Date:
Mar 13, 2025
State:
CA
ZIP:
94602
Lot Size:
6,964 sqft / 0.16 acres (approx)
Year Built:
1916
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Schools
Interior
Cooling
None
Heating
Forced Air
Exterior
Garage Spaces
3.00
Parking Features
Uncovered, Garage – Three Door
Parking Spots
5.00
Stories Total
2
Financial
Map
Community
- Address3800 Greenwood Avenue Oakland CA
- AreaGLV – Glenview
- CityOakland
- CountyAlameda
- Zip Code94602
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3800 Greenwood Avenue
Oakland, CA
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