$750,000
3,186
0.24 Acre Lot

2464 Palmetto Street, Oakland, California 94602

  • Residential Income Property Type
  • 3,186 Square Footage
  • 1940 Year Built
Property Description

2462-2464 Palmetto St is an exceptional investment opportunity in the Dimond District in Oakland. This vibrant, triplex is located in the North East part of Oakland, offering a great location for both investors and tenants alike. This property features a versatile unit mix of (1) 4-bedroom, one-bath, (1) 3-bedroom, one-bath, and (1) 2-bedroom, one and a half-bath units. With approximately 3,186 square feet of living space (buyer to verify) on a 0.24-acre lot, the complex provides an attractive blend of spacious units and some extra space to develop, offering substantial rental income potential for investors. The 2-bedroom, one-bath unit has forced heating, while the other two units have multiple wall furnaces. What truly sets this property apart is its location and potential to add additional dwelling units (ADU). Its proximity to Downtown Oakland makes it an ideal housing option for locals and people who commute to San Francisco, ensuring consistent high demand and low vacancy rates. The 4-bedroom 1-bath and the 2-bedroom 1.5-bath units are located in the front building and the other 3-bedroom 1-bath unit is located in a separate cottage in the back of the property. With enough space to build an additional unit. (buyer to conduct their own due diligence)

Basic Details
Residential Income
For Sale
ML81990544
$750,000
3,186
1940
0.24 Acre
Active Under Contract
Triplex
: Shingle, Flat
Features
: Wall Furnace
: Private Sewer
$0
Address Map
CA
Alameda
Oakland
94602
Palmetto
2464
Street
699 - Not Defined
RM-3, S-13
Neighborhood
Other
Additional Information
$0
$0
$0
$0
$0
: Other
3186
: Brick/Mortar
2025-01-15
895000
2
Broker/Agent Information
Compass
Ray Rodriguez
Financial
9452.0
Listing Information
Tony Zizzo
ML5085268
ML5012166
Compass
ML5085267
ML5012166
Active Under Contract
2025-04-30T22:53:09Z
CRMLS
: Standard
2025-04-29T17:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069