$995,000
For Sale

848 Erie St

Oakland, CA 94610
Listing OfficeCompass
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Type:Multi-Family
Structure:4 Family
Zone:Residential

Description

Step into 848 Erie Street, a charming two-story fourplex nestled in the sought-after Grand-Lakeshore neighborhood of Oakland, where opportunity and potential abound for both investors and owner-occupants. This well-maintained property features four spacious 1-bedroom, 1-bathroom units, offering immediate rental income and the unique chance for an owner to live in one unit while enjoying the income from the others. Each unit boasts a private single-car garage and a dedicated rear entrance, ensuring privacy and convenience for all residents. The strong rental demand in this desirable area, combined with significant value-add opportunities, makes this an exceptional investment with incredible upside potential. With its ideal location in one of Oakland's most vibrant and thriving neighborhoods, this property presents an excellent opportunity for those looking to invest in a well-positioned asset, or homeowners seeking a live-in income property with long-term growth potential.

  • Property Details
      • SubdivisionLAKESHORE/GRAND
      • Property TypeMulti-Family
      • Lot DescriptionStreetLevel
      • Sewer InformationPublicSewer
      • Property SubtypeQuadruplex
      • Original List Price$995,000
      • MLS #41081870
      • MLS #41081870
      • CountyAlameda
      • Acres0.1148
      • Cost995000
      • Year Built1924

Location

Justin ThomasReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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