3134 Pleitner Ave, Oakland, California 94602, Oakland, - bed, bath
ACTIVE$1,750,000
3134 Pleitner Ave, Oakland, California 94602
0Bed
0Bath
Sqft
4,860Lot
Year Built
2009
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41070987
Home ConditionGood
Features
Patio
View-
About this home
Looking for a property that offers both a place to call home and an opportunity to generate income? This might be the perfect fit. This triplex listing includes units 3132, 3134, and 3136. Units 3134 and 3136 were constructed in 2009, while 3132, originally built in 1950, now features an attached brand-new non-conforming ADU. Additionally, two rear rooms of 3132 are currently rented as studios, providing extra rental income alongside the main unit. Conveniently located near I-580, shopping, and more, this property offers excellent potential.
Nearby schools
4/10
Fruitvale Elementary School
Public,•K-5•0.2mi
5/10
Sequoia Elementary School
Public,•K-5•0.6mi
5/10
Glenview Elementary School
Public,•K-5•0.9mi
2/10
Bret Harte Middle School
Public,•6-9•0.6mi
6/10
Edna Brewer Middle School
Public,•6-8•1.2mi
2/10
Fremont High
Public,•9-12•1.3mi
4/10
Oakland High School
Public,•9-12•1.6mi
4/10
Skyline High School
Public,•9-12•2.6mi
2/10
Oakland International High School
Public,•9-12•3.8mi
Price History
Date
Event
Price
08/25/24
Listing
$1,750,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 4,860 | 4,884 | 50% |
| Price | $1.75M | $1.11M | 88% |
| Price per square foot | $0 | $0 | |
| Built year | 2009 | 9625963 | 100% |
| HOA | |||
| Days on market | 437 | 244 | 75% |
Condition Rating
Good
This triplex features two units built in 2009, placing them within the 'Good' category for age (10-20 years old). The third unit, originally built in 1950, includes a brand-new ADU, indicating recent and extensive renovation for a significant portion of that unit. Images reveal a mix of modern and well-maintained features, including updated kitchens with stainless steel appliances and shaker cabinets, and bathrooms with contemporary tiling and vanities in some units. While some older elements like wall-mounted heating units and less modern kitchens/bathrooms are present in parts of the property, the overall condition suggests it is move-in ready with no immediate major renovations required, aligning with the 'Good' criteria.
Pros & Cons
Pros
Strong Income-Generating Potential: The property is a triplex with existing rental income from studios and a new ADU, offering significant cash flow opportunities for investors or owner-occupants.
Modernized Units & New ADU: Two units were constructed in 2009, and unit 3132 features a brand-new ADU, indicating updated infrastructure and potentially lower immediate maintenance costs for a significant portion of the property.
Multi-Unit Investment (Triplex): As a triplex, the property provides diversified rental income streams, making it a robust investment type in a desirable urban market like Oakland.
Strategic Location: Conveniently located near I-580 and shopping, enhancing tenant appeal and overall property value due to accessibility.
Versatile Property Use: The configuration allows for flexibility, catering to owner-occupants seeking rental income to offset housing costs, or pure investors looking for a multi-unit asset.
Cons
Non-Conforming ADU Status: The ADU is explicitly stated as 'non-conforming,' which could imply potential legal, permitting, or financing challenges that a buyer would need to investigate.
Mixed Property Age: While some units are newer (2009), one unit was originally built in 1950, suggesting potential for varying maintenance needs and differing conditions across the property.
Lack of Detailed Unit Information: The description lacks specific bedroom/bathroom counts or square footage for each individual unit, making a precise income and value assessment challenging without further inquiry.