498 Stow Avenue, Oakland, CA 94606
Fourplex · 2 recorded sales since 2019
Sold February 2024
Listing Agent: Robert Gosalvez (DRE #01272788) · Listing Office: Compass · Contact: (408) 883-0588 · Bought with: Phillip Minnick · MLS #ML81952701 · Source: CRMLS
About this fourplex
Boasting an annual income of over $110,000 and a cap rate of more than 5% on the current rent, this investment opportunity is unparalleled. Owner occupancy financing is also available with as little as 5% down. This distinguished 1915 Edwardian-style triplex, featuring a captivating bonus unit, combines classic elegance and modern appeal. Situated just two blocks from the serene Lake Merritt, this property presents an enticing investment prospect in the coveted lower Haddon Hill neighborhood. Residents enjoy the tranquility of lakeside living while being close to the vibrant Lakeshore/Grand district, making it a prime choice for investors seeking lucrative returns. It seamlessly blends historic charm with the allure of Lake Merritt living and the vibrant Lakeshore/Grand district. Each unit promises substantial rental income and capital appreciation, making it a compelling proposition for astute investors.
Listing description from the February 2024 sale, as reported to CRMLS.
Sale history
