1714 Chestnut Street, Oakland, CA 94607

Oakland
Local realty services provided by:ERA North Orange County Real Estate
1714 Chestnut Street,Oakland, CA 94607
$970,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: quentin hyde
Office: hpi real estate415-816-9977
MLS#:41131797
Source:CRMLS

Price summary

  • Price:$970,000

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...

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Home facts

  • Year built:1989
  • Listing ID #:41131797
  • Added:9 day(s) ago
  • Updated:May 01, 2026 at 11:35 AM

Rooms and interior

  • Flooring:Carpet, Vinyl

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1989
  • Lot area:0.17 Acres
  • Lot Features:Sloped Up
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$970,000

Parking

  • Total parking spaces:4
  • Parking description:Garage
  • Garage:Yes
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