$675,000
$650,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
8,581 Sqft Lot
SOLD DATE : 04/07/2025
Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41088962
Sold Date 04/07/25
HOA Y/N No
Year Built 1925
Lot Size 8,581 Sqft
Property Sub-Type Quadruplex
Property Description
Perched above I-580 in Oakland's Diamond District, 3540 Lincoln Avenue offers urban convenience with outdoor access. Tenants enjoy a walkable lifestyle with Safeway, CVS, and the Oakland Public Library a block away, while Diamond Park—just half a mile out—provides hiking trails, picnic areas, a pool, and a rec center. This 3,360 SF fourplex is priced at just $650,000—under $200 per square foot—making it a rare find. With current rents at $64,000 per year and a market potential of $92,000 per year, the upside is undeniable. The expansive 8,580 SF lot offers additional potential for an ADU buildout, adding even more value. Whether you're seeking immediate cash flow or long-term appreciation, this property presents a prime investment opportunity in a high-demand rental market.
Location
State CA
County Alameda
Interior
Heating Floor Furnace, Natural Gas
Flooring Carpet, Tile, Vinyl, Wood
Fireplace No
Appliance Gas Water Heater, Washer
Exterior
Total Parking Spaces 4
Building
Lot Description Sloped Up, Yard
Sewer Public Sewer
Others
Tax ID 29993211
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Heng Chieng • Intero Real Estate Services
GET MORE INFORMATION
REALTOR® | Lic# 02111780