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498 Stow Ave, Oakland, CA 94606
$1,450,000
498 Stow Ave, Oakland, CA 94606View this property at 498 Stow Ave, Oakland, CA 94606
498 Stow AveOaklandCA94606
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Property Description
Boasting an annual income of over $110,000 and a cap rate of more than 5% on the current rent, this investment opportunity is unparalleled. Owner occupancy financing is also available with as little as 5% down. This distinguished 1915 Edwardian-style triplex, featuring a captivating bonus unit, combines classic elegance and modern appeal. Situated just two blocks from the serene Lake Merritt, this property presents an enticing investment prospect in the coveted lower Haddon Hill neighborhood. Residents enjoy the tranquility of lakeside living while being close to the vibrant Lakeshore/Grand district, making it a prime choice for investors seeking lucrative returns. It seamlessly blends historic charm with the allure of Lake Merritt living and the vibrant Lakeshore/Grand district. Each unit promises substantial rental income and capital appreciation, making it a compelling proposition for astute investors.
Full Property Details
Full Property Details for 498 Stow Ave
General
- Sold For: $1,450,000
- Status: Closed
- Type: Multi-Family
- MLS ID: ML81952701
- Added to Site: 125 day(s) ago
Interior
- Interior Features: Walk-In Closet
- Flooring: Hardwood
Rooms
Other Rooms
- Kitchen: Dishwasher, Oven/Range, Refrigerator
- Laundry: Washer/Dryer in Some Units
Additional Information
- Extras: Not Applicable
- Security/Safety: Security Alarm , Security Building, Security Lights, Window Bars
Parking
- Parking Features: Electric Car Hookup, Parking Area
Location
- Area: Oakland Zip Code 94606
- County: Alameda
- Cross Streets: Newton Ave
Heating & Cooling
- Cooling Type: Ceiling Fan
- Heating Type: Electric, Fireplace , Space Heater
Utilities
- Sewer: Sewer Connected
- Water: Public
- Utility Description: Individual Electric Meters, Individual Gas Meters, Other (Not on Site)
- Metering: Master Gas, Master Water, Separate Electric
Structural Information
- Architectural Style: Edwardian
- Foundation: Concrete Perimeter and Slab
- Roof: Composition, Rolled Composition
- Disability Access: None
- Square Feet: 2,622
- Year Built: 1915
Unit Information
Unit 1
- Square Feet: 1016
- Bedrooms: 2
Unit 2
- Square Feet: 556
- Bedrooms: 1
Unit 3
- Square Feet: 502
- Bedrooms: 1
Unit 4
- Square Feet: 548
- Bedrooms: 1
Lot Features
- Property View: Lake, Other
- Lot Size (Acres): 0.1056
- Minimum Lot Size: 4601
- Lot Size (Sq. Ft.): 4,601
- Building Sites: 1
- Grounds/Landscape: Back Yard, Balcony / Patio, Fenced, Firepit
- Zoning: RU-1/S-12
Listed by Compass, Robert Gosalvez and Compass, Rouzbeh Mokhtari
Sold by Obokwoak, Phillip Minnick
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Schools
Schools serving 498 Stow Ave
School District:Oakland Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
745 Cleveland St, Oakland, CA 94606 | K-5 | 0.3 mi | |
3748 13th Ave, Oakland, CA 94610 | 6-8 | 1.1 mi | |
1023 Macarthur Blvd, Oakland, CA 94610 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 498 Stow Ave
Date
Details
Price
Change
Source
2/16/2024
Sold
$1,450,000
-6.33%
MLS
1/28/2024
Listed
$1,548,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
498 Stow Ave, Oakland, CA 94606 (MLS# ML81952701) is a Multi-Family property that was sold at $1,450,000 on February 16, 2024. Want to learn more about 498 Stow Ave? Do you have questions about finding other Multi-Family real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.