Oakland, CA 94611 343 Somerset Rd

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Presented By: Faber Real Estate Team with Compass
  • MLS# 325016164
  • 02/26/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 4
  • SQFT • 2,588
  • Garage • 4

Home Details

Located near the border of Piedmont, this rare 4-unit property is a trophy investment opportunity. Each of the four 1 BD/1 BA units offers spacious living with abundant natural light. Every unit includes a garage, providing added convenience and value for tenants. The property features a common laundry area equipped with coin-operated washers and dryers, offering ease and accessibility. With market rent significantly higher than the current rent, this property presents an excellent opportunity to increase revenue and maximize your investment potential. Set on a tranquil street yet close to local amenities, shops, dining, and public transportation, this property is in an excellent location, allowing easy access to the vibrant energy of Montclair Village and also downtown Oakland. Don't miss out on acquiring this exceptional income-generating property!
Presented By: Faber Real Estate Team with Compass

Interior Features for 343 Somerset Rd

Bedrooms

Unit 1 Bedrooms1
Unit 3 Bedrooms1
Unit 2 Bedrooms1
UnitType4BedroomUnitsTotal0
Unit 1 Bedroom Units Total4
Unit 2 Bedroom Units Total
Unit 3 Bedroom Units Total
Unit 4 Bedrooms1

Bathrooms

Unit 4 Full Baths1
Unit 1 Full Baths1
Unit 2 Full Baths1
Unit 3 Full Baths1
Unit 2 Partial Baths
Unit 1 Partial Baths
Unit 4 Partial Baths

Other Interior Features

Unit 4 TypeApartment
Unit 3 TypeApartment
Unit 2 TypeApartment
Unit 1 TypeApartment
Unit 2 Description3 Rooms/1 Bedroom/1 Bathroom/621 SqFt
Unit 3 Description3 Rooms/1 Bedroom/1 Bathroom/666 SqFt
Unit 4 Description3 Rooms/1 Bedroom/1 Bathroom/621 SqFt
Unit 1 Description3 Rooms/1 Bedroom/1 Bathroom/666 SqFt
Unit 1 Approx SqFt666
Unit 2 Approx SqFt621
Unit 3 Approx SqFt621
Unit 4 Approx SqFt621
LivingAreaSourceAssessor Auto-Fill
# Studios Occupied
UnitTypeStudioUnitsTotal
Laundry FeaturesCoin Operated, In Common Area
Total Stories

Other Rooms

Unit 1 # of Rooms3
Unit 2 # of Rooms3
Unit 3 # of Rooms3
Unit 4 # of Rooms3

General for 343 Somerset Rd

# of Guest Space(s)
4 Bedroom Rent Range2, 200.00
AuctionNo
Cap Rate4.62
Carport Spaces0.00
CityOakland
Close Price0.00
CoolingNone
CountyAlameda
DirectionsGoogle Maps
Garage Spaces4.00
Gross Income84797
Gross Rent Multiplier0.00
HOANo
HOA Fee$
HeatingWall Furnace
Lot Size Square Feet7113.00
Lot Size UnitsAcres
MLS AreaOakland Zip 94611
Number Of Units Total4
Open Parking Spaces0.00
PossessionClose Of Escrow, Subject To Tenant Rights
Property SubtypeQuadruplex
Property TypeResidential Income
SewerPublic Sewer
Standard StatusActive
StatusActive
Subtype DescriptionApartments
Tenant PaysElectricity, Gas, Trash Collection, Water
UnitTypeCommercialUnitsTotal0
Year Built1949
Year Built SourceAssessor Auto-Fill

Exterior for 343 Somerset Rd

Covered Spaces0.00
Independent Parking Spaces
Lot FeaturesNone
Lot Size Acres0.1633
Lot Size SourceAssessor Auto-Fill
Number of Buildings1
Parking FeaturesDetached, Garage
Tandem Parking Spaces0
Total Parking4.00
Water SourcePublic

Additional Details

Price History

Sean Gaynor-Rousseau

Broker Associate
Price $1,500,000
MLS#325016164
List Date 02/26/2025
Property Type Multi-Family
Phone 707.321.4063
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