1714 Chestnut Street, Oakland, CA 94607
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
Listed by: quentin hyde
Office: hpi real estate415-816-9977
MLS#:41131797
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$970,000
- Price per sq. ft.:$274.55
About this home
Excellent opportunity for an owner-operator or investor to acquire a versatile 3-unit property on one lot in the heart of Oakland with clear value-add potential. This unique offering features a primary residence plus two separate cottages, providing flexible living and income opportunities. One of the cottages has been recently remodeled and is delivered vacant—ideal for an owner-occupant seeking immediate move-in while offsetting expenses with rental income. The main house and second cottage are currently occupied, offering stable in-place cash flow. The property currently generates approximately $74,968 in annual rental income (4.3% cap rate). With lease-up of the vacant unit at a conservative market rent of $2,100/month, projected gross income increases to approximately $87,642 annually. After applying a standard vacancy factor, this equates to a stabilized cap rate of approximately 5.1%, offering a realistic and achievable path to improved returns. The property is priced to reflect deferred maintenance, presenting an opportunity for buyers to further enhance value through improvements and operational upside. Situated in a convenient Oakland location with strong rental demand, this property is well suited for buyers looking to live in one unit while building long-term weal...
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Home facts
- Year built:1989
- Listing ID #:41131797
- Added:2 day(s) ago
- Updated:April 24, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:4
- Flooring:Carpet, Vinyl
- Living area:3,533 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s)
- Heating:Forced Air
Structure and exterior
- Year built:1989
- Building area:3,533 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Sloped Up
- Architectural Style:Triplex
- Construction Materials:Stucco
- Exterior Features:Sloped Up
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$970,000
- Price per sq. ft.:$274.55
Features and amenities
- Laundry features:220 Volt Outlet, Laundry Room
Parking
- Parking description:Attached, Space Per Unit - 1
- Garage:Yes
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