3800 Greenwood Avenue
Oakland, CA 94602
Listing provided courtesy of: Lyon Stahl Investment Real Estate, Inc.
Property Description
3800 Greenwood Ave, a fully vacant well-maintained fourplex adjacent to Trestle Glen and Glenview within Oakland, CA, a developer's dream. This 4,088 square foot property, situated on a 6,970 square foot lot, has been under the same ownership for over 35 years. Built in 1916, it retains its original charm while offering modern improvements, including a new roof, separate water heaters, and partial copper repiping, and some updated units. The property consists of (3) two-bedroom, one-bath units and (1) two-bedroom, one-and-a-half-bath units, each over 1,000 square feet. Additionally, it features three vacant garages and two uncovered parking spaces, creating added value and convenience.Located just off Park Boulevard and adjacent to Piedmont, the property offers easy access to Lake Merritt, Montclair Village, and Grand Lake, ensuring strong rental demand and long-term appreciation. Beyond the existing income, the property also offers development potential. The garages present an opportunity to add 1-4 ADUs under SB 1211, providing additional rental income (buyer to verify), and the basement storage area offers flexibility for storage. For an owner-user, Unit 2's kitchen and bathroom are down to the studs and presents the chance to redesign and build a dream home while still generating rental income to offset a mortgage. Whether for an investor or owner-user, this property represents a rare and valuable opportunity.
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Features:
Garage Patio
| Price: | $1,500,000 |
| Beds: | 8 |
| Baths: | 4 |
| Interior (SQFT): | 4,088 |
| Lot Size (SQFT): | 6,970 |
| Property Type: | Residential Income |
| Year Built: | 1916 |
Listing provided courtesy of: Lyon Stahl Investment Real Estate, Inc.. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 05/05/2025 23:32:26
