Recently Listed Open House 5/14 2pm - 4pm
2832 Summit St
Oakland, CA, 94609 $ 1,470,000
Bedrooms11 Baths0.0 Sq 3,656 Monthly Estimate*
$ 9,051
for $1,470,000 with 11 bedrooms. This 3,656 square foot home was built in 1945 on a lot size of 0.09.
Stabilized Oakland triplex in the heart of Pill Hill —walking distance to Kaiser Permanente, MacArthur BART, and Lake Merritt. The 2,968 SF building offers 11 bedrooms across three well-configured units: a vacant, fully renovated 4BR/2BA flagship, a remodeled 4BR/2.5BA, and a 3BR/1BA. Priced at $1,470,000 ($490K/door) with stabilized NOI of $92,858 and a 6.32% cap rate —rents already at market, zero gap to close. Over $63,000 invested since 2021, including sewer lateral compliance, dual-pane windows, two unit remodels, exterior paint, and a roof under five years old. Six parking spaces, in-unit laundry, and four electric meters. CC-2 zoning opens the door to ADU or density exploration, subject to verification. Live in the vacant flagship and collect $7,300+/month from the other two, or add a turnkey cash-flowing triplex to your portfolio. Opportunities like this don't sit long.
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Open House
5/14/2026 2:00 PM - 4:00 PM
5/16/2026 2:00 PM - 4:00 PM
5/17/2026 2:00 PM - 4:00 PM
2832 Summit St Oakland, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralLiving Area 3656
Sewer Public Sewer
Heating Central
Cooling No Air Conditioning
Utilities Individual Electric Meter Master Gas Meter
Roof Flat
Appliances Dishwasher Dryer Washer Gas Water Heater
Zoning CC2
Construction Materials Stucco
Year Built 1945
Property Subtype Triplex
Community Features None
County Alameda
Property Type Residential Income
HOA false
Subdivision Name Pill Hill
Garage Y/N false
Status New
Directions From I-580 take the Grand Ave exit head uphill on Grand then turn onto Summit St...
City Oakland
MLS Area Listing
Lot Size Square Feet 3962
Standard Status Active
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InteriorFlooring Tile Vinyl
Air Conditioning Y/N true
Heating Y/N true
Laundry Features In Unit
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ExteriorExterior Amenities Yard Space
Fencing Partial Fence Fenced
Parking Features Parking Lot Uncovered Parking Space Uncovered Park Spaces 2+ Street Parking
Lot Features Level Paved
Water Source Public
Lot Size Area 3962
Building Area Total 3656
Lot Size Acres 0.09
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* Excluded FeaturesList ByKeller Williams RealtyBroker
joey.wang@loremultifamily.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,051
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Oakland, CA
Average List Price $1,132,120
Percent of Sale Price 23%
About Oakland, CA 423,136 Population
6% Since 2002
$ 62,902 Median Income
38.73 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/12/2026 | $1,470,000 | | Listed Price |