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Kite Hill Real Estate - East Bay Investment Experts

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283 Park View Ter Oakland, CA 94610
Sold Price $1,950,000
List Price $1,800,000
3,901 sq ft

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Jatin Mehta

Jatin Mehta

Founder

LIC#02045713

Property Description

With four units (2, 1BR/1BA and 2, 2+BR/1BA) and 3,901 sq. ft., Oakland’s 283 Park View Terrace is a versatile multifamily property that’s ready for new ownership. Strong existing income, ADU potential, and a central location that’s near Downtown Oakland as well as Lake Merritt make this a smart investment for either the short- or long-term. Exceptional shopping and dining options along nearby Broadway street, Grand avenue, and Lakeshore avenue ensure any vacancies will be both short-lived and filled with desirable new tenants. For those looking to occupy as well as own, know that one of the units (a top-floor, 1BR) will be delivered vacant at close. It bears mentioning that—from a structural standpoint—the foundation, plumbing, and electrical are all relatively new, which means the new owners will not be required to expend additional dollars on costly modernization projects.

Property Details & Features

Property Type

  • Quadruplex

Year Built

  • 1907

Appliances and Equipment

  • Appliances: “Dryer”, “Washer”, “Gas Water Heater”

House

  • Construction Materials: “Frame”, “Wood Siding”
  • Living Area: 3901
  • Year Built: 1907

Cooling

  • Cooling: “No Air Conditioning”
  • Cooling Included

Floors

  • Flooring: “Hardwood”, “Tile”, “Vinyl”

Heating

  • Heating: “Forced Air”
  • Heating Included

Laundry

  • Features: “Common Area”, “Dryer”, “Laundry Closet”,
    “Washer”, “Washer/Dryer Hookups”

Lot

  • Lot Features: “Corner Lot”, “Front Yard”, “Landscape
    Front”
  • Lot Size Area: 5662.8
  • Lot Size Square Feet: 5426
  • Parcel Number: 1077041

Energy Saving

  • Green Energy Efficient: “Appliances”

Parking

  • Parking Features: “On Street”, “Street Parking”

Property

  • Property Sub Type: Quadruplex

Roof

  • Roof: “Composition Shingles”

Garage

  • Garage

Listing

  • Sale/rent: For Sale
  • $461 per square foot

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