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About This Home
This 11-bedroom, 0-bathroom residential multi family at 2832 Summit St in Oakland, CA is listed for $1,470,000 ($402 per sqft). Built in 1945, the home offers 3,656 sqft of living space on a 0.09 acres lot.
Stabilized Oakland triplex in the heart of Pill Hill -walking distance to Kaiser Permanente, MacArthur BART, and Lake Merritt. The 2,968 SF building offers 11 bedrooms across three well-configured units: a fully renovated 4BR/2BA flagship unit delivered vacant, a remodeled 4BR/2.5BA, and a 3BR/1BA.
Priced at $1,470,000 ($490K/door) with stabilized NOI of $92,858 and a 6.32% cap rate -rents already at market, zero gap to close. Over $63,000 invested since 2021, including sewer lateral compliance, dual-pane windows, two unit remodels, exterior paint, and a roof under five years old.
Six parking spaces, in-unit laundry, and four electric meters. CC-2 zoning opens the door to ADU or density exploration, subject to verification. Live in the vacant flagship and collect $7,300+/month from the other two, or add a turnkey cash-flowing triplex to your portfolio. Opportunities like this don't sit long.
Key Features
- Built in 1945
- 0.09 acre lot
Property Details
Amenities
Monthly Cost Estimate
$7,862/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2832 Summit St
Oakland, CA 94609
PILL HILL
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 11-bedroom, 0-bathroom residential multi family at 2832 Summit St is listed at $1,470,000 ($402/sqft). The estimated monthly payment is $6,370 based on 20% down at 6.5% interest.
Key features include: Built in 1945, 0.09 acre lot. Exterior Features: Yard Space.
This property is listed by Joey Wang and can be reached at 5105925554 or joey.wang@loremultifamily.com.