4 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

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

$850K

Med. Price/SqFt

$587

Avg. Days On Market

42

# of Sold Homes

220

343 Somerset Rd vs Oakland

120 DAYS ON ROCKET

+78 Days

$1,500,000

+$650K More

$580/SqFt

-$8 Less

KEY TAKEAWAY

This property is $650K more than the Median Sold Price and $8/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: 12/22/2024, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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.

Nearby Schools

school-card-donut-1013027
6
/10

  • Joaquin Miller Elementary School

  • 5525 Ascot Dr

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-1013028
7
/10

  • Montclair Elementary School

  • 1757 Mountain Blvd

  • 0.78 miles

  • Public District Grades KG-5

school-card-donut-1013029
7
/10

  • Thornhill Elementary School

  • 5880 Thornhill Dr

  • 1.08 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 $132,870. The most common annual income of people living in Oakland, CA is $200k+. The most common type of family is married, no kids. The majority of 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.

Oakland, CA housing market in November 2024 saw over 122 listings sold above listed price, more than 21 sold at listed price and over 59 sold below. Between October 2024 and November 2024, Oakland, CA real estate market has seen decrease in the number of listings by 12.3%. Listings spent 42 days on the market in November 2024, and had a median list price of $850,000 during the same period.

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

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