2 months on rocket

343 Somerset Rd, Oakland, CA, 94611

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,588 SqFt
$580/SqFt
Multi

Location

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343 Somerset Rd, Oakland$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingDetached, Garage
Garage4 spaces
Year Built1949
HeatingWall Furnace
CoolingNone
MLS #324066929
Lot Size0.16 Acres
StatusActive

About 343 Somerset Rd

Located near the border of Piedmont, this rare 4-unit property is a trophy investment opportunity. Each of the four 1 BD/1 BA units offers spacious living with abundant natural light. Every unit includes a garage, providing added convenience and value for tenants. The property features a common laundry area equipped with coin-operated washers and dryers, offering ease and accessibility. With market rent significantly higher than the current rent, this property presents an excellent opportunity to increase revenue and maximize your investment potential. Set on a tranquil street yet close to local amenities, shops, dining, and public transportation, this property is in an excellent location, allowing easy access to the vibrant energy of Montclair Village and also downtown Oakland. Don't miss out on acquiring this exceptional income-generating property!

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Living Area: 2,588 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (415) 380-6100, 0
  • Listing Agent: Faber Real Estate Team

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Skyline High School, Public District Grades 9-12
  • Metwest High School, Public District Grades 9-12
  • Montera Middle School, Public District Grades 6-8
  • Montclair Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Google Maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $580/SqFt
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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

$867.8K

Med. Price/SqFt

$594

Avg. Days On Market

36

# of Sold Homes

193

343 Somerset Rd vs Oakland

64 DAYS ON ROCKET

+28 Days

$1,500,000

+$632.1K More

$580/SqFt

-$15 Less

KEY TAKEAWAY

This property is $632.1K more than the Median Sold Price and $15/SqFt less than other homes in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BAREIS MLS
  • MLS Number: #324066929

Listing Office:

  • Office Name: Compass
  • Office Phone: (415) 380-6100, 0
  • Listing Agent: Faber Real Estate Team

IDXCopyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved.

The data relating to real estate on this web site is provided through a cooperative data exchange program of the Bay Area Real Estate Information Services, Inc. Multiple Listing Service (BAREIS MLS) in which this real estate broker participates. The properties displayed are only the properties in the MLS's database approved by the cooperating listing Brokers to be displayed. Properties listed by brokers other than the broker owning this website are identified with the name of the listing broker's company, and name of the Listing Agent. Property information is provided by the listing broker. Information provided is not guaranteed to be accurate by BAREIS MLS, and you are advised to verify facts that are important to you. BAREIS MLS does not create, control, or review the property data displayed on this site and takes no responsibility for the content of such records. IDX information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/27/2024, 6:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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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.

Elementary School

school-card-donut-840478
7
/10

  • Montclair Elementary School

  • 1757 Mountain Blvd

  • 0.76 miles

  • Public District Grades KG-5

Middle School

school-card-donut-840479
5
/10

  • Montera Middle School

  • 5555 Ascot Dr

  • 0.38 miles

  • Public District Grades 6-8

High School

school-card-donut-840480
5
/10

  • Skyline High School

  • 12250 Skyline Blvd

  • 2.99 miles

  • Public District Grades 9-12

school-card-donut-840481
5
/10

  • Metwest High School

  • 1100 3rd Ave

  • 3.14 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $132,870. Most Oakland, CA residents have annual incomes $200k+. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Alameda County›Oakland›94611›343 Somerset Rd

This home is located at 343 Somerset Rd in Oakland, CA and zip code 94611 in the Montclair neighborhood. This 2,588 square foot home, which was built in 1949, sits on a 0.16 acre lot. It has been listed on Rocket Homes since August 24, 2024 and is currently priced at $1,500,000.

Over 118 listings were sold over their listed price in September 2024 in Oakland, CA. In the same period over 40 listings were sold below the listed price and 19 listings were sold for the listed price. Between August 2024 and September 2024, Oakland, CA real estate market has seen increase in the number of listings by 18%. In September 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $867,828.

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

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