Oakland, CA 94619 2724 Octavia St

Well-maintained, multi-family property located just below the Laurel District in the vibrant Allendale neighborhood of Oakland. This opportunity offers significant rental upside potential, making it ideal for both seasoned investors and newcomers to the real estate market. Constructed in 1968, this two-story, wood-framed building features a durable stucco exterior and is situated on a 5,000 square foot lot, offering a total of 3,958 rentable square feet. The property is 4 units, thoughtfully designed to accommodate various tenant needs, including onsite laundry and 4 garage parking spots, plus a 4 car driveway for tenant convenience. The property has seen several significant upgrades, ensuring low future repair and maintenance costs. Updates include a new roof (2015), updated windows, new paint and replacement of furnaces in 3 of the 4 units. In addition, 2 units have been fully renovated and the sewer lateral complete. Strategically located just a few blocks from I-580, commuting is a breeze for residents. The property is also well-served by major AC Transit bus lines along 35th Avenue.