2520 East 24th Street

Oakland, CA 94601

$1,095,000
Price
Beds
3,052 Sq. Ft.
$359 / Sq. Ft.
3,052
Sq. Ft.
$359
per Sq. Ft.

Description

Discover an exceptional investment in this well maintained Victorian triplex nestled in Oakland's Meadowbrook neighborhood, within the lively Fruitvale District. Preliminary applications to convert non-conforming units into ADUs present a TREMENDOUS OPPORTUNTIY FOR INCREASED INCOME on an already positive cashflow property! All units, recently updated & tenant-occupied, offer contemporary living. The building's tranquil ambiance, set back from the street, is complemented by on-site laundry & off-street...Discover an exceptional investment in this well maintained Victorian triplex nestled in Oakland's Meadowbrook neighborhood, within the lively Fruitvale District. Preliminary applications to convert non-conforming units into ADUs present a TREMENDOUS OPPORTUNTIY FOR INCREASED INCOME on an already positive cashflow property! All units, recently updated & tenant-occupied, offer contemporary living. The building's tranquil ambiance, set back from the street, is complemented by on-site laundry & off-street parking, in the secure gated lot. A shared backyard enhances tenant enjoyment. . Explore the vibrant Dimond & Laurel districts, easily commute via Hwy 580, bus, or Fruitvale BART. Nearby conveniences include Morgan Plaza, Farmer Joes Market, the Food Mill, Peet's Coffee & Tea, La Farine Bakery, Grand Lake Kitchen, Hacienda Peralta Park, and Manzanita Recreation Center. Embrace this active community with a 73 Walk Score® & 60 Bike Score, accessibility is paramount to this property! Seize your opportunity to capitalize on the potential with a 7.1% CAP and 10.5 Gross Rent Multiplier. This is not just a property; it's your gateway to prosperity in the heart of Oakland's thriving community! Do not disturb, please respect tenants privacy.
  1. Listed by Lisa Wittkopf • DRE #01127702 • Brokerage DRE #01354442 • Intero Real Estate Services • 650-464-5426
  2. Listed by Elsa Nguyen • DRE #01415551 • Brokerage DRE #01354442 • Intero Real Estate Services

Property Details for 2520 East 24th Street

MLS City Name
OAKLAND
Building Type
TRIPLEX
Garage Spaces
0
Parking Spaces
5
View
City Lights

Location

Listing Courtesy of Intero Real Estate Services, Lisa Wittkopf, DRE #01127702; Intero Real Estate Services, Elsa Nguyen, DRE #01415551
Add your commute
LISTING UPDATED: 03/07/2024 10:10 PM

Property Details for 2520 East 24th Street

StatusActive
MLS #ML81952805
Days on Compass87
Taxes$13,155 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1908
Lot Size0.17 AC / 7,200 SF
CountyAlameda County

Location

Listing Courtesy of Intero Real Estate Services, Lisa Wittkopf, DRE #01127702; Intero Real Estate Services, Elsa Nguyen, DRE #01415551
Add your commute

Building Information for 2520 East 24th Street

Stories1Residences3Year Built1908Building Size-Lot Size0.17 AC / 7,200 SF

Payment Calculator

$7,072 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,976

Property Taxes

$1,096

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2520 East 24th Street

Features
Room Information
  • Kitchen: Countertop - Stone
Features
  • Fireplace: No
  • Flooring: Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 3052
  • Pool: No
  • Security Features: Security Fence
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Gas
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Roof: Rolled Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 2520
  • Street Name: 24th
  • Street Direction Prefix: East
  • Street Suffix: Street
  • Area ID: 2601
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 3052
  • Structure SqFt Source: Assessor
  • Age: 116
Development Information
  • Ownership Type: Individual
  • Zoning Detail: RM-3
Location Information
  • City Limits: Yes
  • Directions: From Fruitvale Ave turn right on 29th Avenue, turn left on International Blvd., turn right on 27th Avenue, turn left on E. 21st Street, turn Right on 25th Avenue, turn right on E. 24th Street
  • Incorporated: Yes
  • Parcel Number: 026-0784-040
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94601
  • Elementary School: 27092
  • Elementary School District: 1686
  • Middle School Text: Melrose Leadership Academy
  • High School District Text: Oakland Unified
  • High School Text: LIFE Academy
Lot Information
  • Foundation: Raised
  • Horse Property: No
  • Lot Acres: .17
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $13,155
  • Building Unit Total: 3
  • Capitalization Rate: 7.26
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $1,213
  • Expense Landscape: $0
  • Expense Maintenance: $4,200
  • Expense Management: $0
  • Expense Trash: $1,478
  • Expenses Other: $0
  • Expenses Utility: $8,391
  • Expenses Total: $28,437
  • Operating Expenses Include: Review with Offer
  • Gross Rent Multiplier: 10.14
  • Income Annual Gross: $107,952
  • Income Annual Rental: $105,552
  • Income Gross Scheduled: $107,952
  • Income Other: $2,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 4
  • Unit 1 Rent: $4,496
Unit 2 Information
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $2,600
Unit 3 Information
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,700

Property History for 2520 East 24th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2520 East 24th Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Manzanita Seed
PublicK to 5

Manzanita Community
PublicK to 5

Urban Promise Academy
Public6 to 8

United For Success Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2520 East 24th Street is a multi-family home for sale in Oakland, CA 94601. This property was listed for sale on January 30, 2024 by Intero Real Estate Services, it's currently listed at $1,095,000. It has been on the market for a total of 87 days and was last sold on September 9, 1998. This listing's school district is Oakland Unified School District. Nearby schools include Manzanita Seed, Manzanita Community and Urban Promise Academy. 2520 East 24th Street is a 0-bed, 0-bath, 3,052 sqft multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intero Real Estate Services, Lisa Wittkopf, DRE #01127702; Intero Real Estate Services, Elsa Nguyen, DRE #01415551

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.