2 months on rocket

3229 Elm St, Oakland, CA, 94609

$1,499,900

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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3229 Elm St, Oakland$1,499,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAssigned
Year Built1896
HeatingForced Air
MLS #41071857
Lot Size0.10 Acres
StatusActive

About 3229 Elm St

Exceptional, fully-occupied Victorian triplex with extra unit, built in 1896, seamlessly blends historic charm with modern upgrades. The current owner has made significant improvements, including upgraded electrical systems with separate meters for three of the units, modernized plumbing, renovated kitchens and baths, dual-pane windows, recessed lighting, upgraded appliances, tankless water heaters, and updated HVAC system. These enhancements ensure durability, tenant satisfaction, and reduced future expenses, to improve the cap rate. The property generates a gross scheduled annual income of $108,516 and a net operating income of $67,324, offering both stability and growth potential. Situated on a prime corner lot in Oakland’s Pill Hill neighborhood, it’s just steps from public transport, dining, shops, and the expanding medical district—with strong tenant demand for low vacancies. With nine parking spaces, a community laundry room, and three separate utility meters, this triplex offers a rare opportunity to increase income and maximize returns in one of Oakland's most desirable areas.

Property Details

Property Features

Property Information:

  • Year Built: 1896

Listing Office:

  • Office Name: Security Pacific Real Estate
  • Office Phone: (510) 222-8340
  • Listing Agent: Colin Davies

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Flooring Type: Laminate

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Telegraph to 34th to Elm Cross Street: 34th Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,900

Tax Information:

  • Annual Amount: $13,060
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

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Oakland, CA

City

Med. Sold Price

$860.7K

Med. Price/SqFt

$591

Avg. Days On Market

33

# of Sold Homes

268

3229 Elm St vs Oakland

74 DAYS ON ROCKET

+41 Days

$1,499,900

+$639.1K More

KEY TAKEAWAY

This property is $639.1K more than the Median Sold Price in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41071857

Listing Office:

  • Office Name: Security Pacific Real Estate
  • Office Phone: (510) 222-8340
  • Listing Agent: Colin Davies

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 27, 2005Home Sold
$650,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,060$836,978
2020$13,059$828,398
2019$12,073$812,161
2018$11,659$796,242
2017$11,659$780,636

History based on county public records data.

Payment Calculator

$7,553

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,563

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-538406
2
/10

  • Hoover Elementary School

  • 890 Brockhurst St

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-538407
6
/10

  • Emerson Elementary School

  • 4803 Lawton Ave

  • 0.98 miles

  • Public District Grades KG-5

school-card-donut-538408
3
/10

  • Piedmont Avenue Elementary School

  • 4314 Piedmont Ave

  • 1.07 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,077. The majority of Oakland, CA residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›California›Alameda County›Oakland›94609›3229 Elm St

This home is located at 3229 Elm St in Oakland, CA and zip code 94609 in the Pill Hill neighborhood. This home, which was built in 1896, sits on a 0.10 acre lot. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $1,499,900.

Over 165 listings were sold over their listed price in October 2024 in Oakland, CA. In the same period over 45 listings were sold below the listed price and 30 listings were sold for the listed price. The number of homes for sale in Oakland, CA increased by 9.9% between September 2024 and October 2024. Listings spent 33 days on the market in October 2024, and had a median list price of $860,714 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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