Active

3800 Greenwood Avenue

Oakland CA, 94602

$1,500,000


$366.93 per sqft

Active

8 Beds

4,088 sqft

Other

Built in 1916

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

CL25511135

MLS ID

March 13, 2025

Listed

March 15, 2025

Updated

Interior Features

Bedrooms

8


Fireplace

No


Cooling

Yes


Cooling Description

No Air Conditioning


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.16 Acres

Other Property Details

Area Name

Oakland


Garage

No


Parking

Other, Uncovered Parking Space


Parking Total

5


View

No


County

Alameda

Listed by Jake Glaser with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-494-6368 

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