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.
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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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
7
/10
Montclair Elementary School
1757 Mountain Blvd
Distance between this listing and this school0.76 miles
Public District Grades KG-5
Middle School
5
/10
Montera Middle School
5555 Ascot Dr
Distance between this listing and this school0.38 miles
Public District Grades 6-8
High School
5
/10
Skyline High School
12250 Skyline Blvd
Distance between this listing and this school2.99 miles
Public District Grades 9-12
5
/10
Metwest High School
1100 3rd Ave
Distance between this listing and this school3.14 miles
Public District Grades 9-12
Assigned Schools
7
/10
Montclair Elementary School
1757 Mountain Blvd
Distance between this listing and this school0.76 miles
Public District Grades KG-5
Nearby Schools
6
/10
Joaquin Miller Elementary School
5525 Ascot Dr
Distance between this listing and this school0.39 miles
Public District Grades KG-5
7
/10
Thornhill Elementary School
5880 Thornhill Dr
Distance between this listing and this school1.11 miles
Public District Grades KG-5
Assigned Schools
5
/10
Montera Middle School
5555 Ascot Dr
Distance between this listing and this school0.38 miles
Public District Grades 6-8
Nearby Schools
9
/10
Piedmont Middle School
740 Magnolia Ave
Distance between this listing and this school1.42 miles
Public District Grades 6-8
3
/10
Bret Harte Middle School
3700 Coolidge Ave
Distance between this listing and this school1.45 miles
Public District Grades 6-8
Assigned Schools
5
/10
Skyline High School
12250 Skyline Blvd
Distance between this listing and this school2.99 miles
Public District Grades 9-12
5
/10
Metwest High School
1100 3rd Ave
Distance between this listing and this school3.14 miles
Public District Grades 9-12
Nearby Schools
10
/10
Piedmont High School
800 Magnolia Ave
Distance between this listing and this school1.32 miles
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.
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.