1714 Chestnut Street, Oakland, CA 94607
Local realty services provided by:CENTURY 21 Masters
Listed by: quentin hyde
Office: hpi real estate
MLS#:41131797
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$955,000
- Price per sq. ft.:$270.31
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:49 day(s) ago
- Updated:June 10, 2026 at 01:31 PM
Rooms and interior
- Flooring:Carpet, Vinyl
- Living area:3,533 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), No Air Conditioning
- Heating:Forced Air
Structure and exterior
- Roof:Composition Shingles
- Year built:1989
- Building area:3,533 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Sloped Up
- Construction Materials:Stucco
Utilities
- Water:Public
Finances and disclosures
- Price:$955,000
- Price per sq. ft.:$270.31
Features and amenities
- Laundry features:220 Volt Outlet, Laundry Room
Parking
- Parking description:1 Parking Space/Unit, Attached
- Garage:Yes
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