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Keller Williams Realty Westlake Village
Overview
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Neighborhood
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$1,500,000
3800 Greenwood Ave, Oakland, CA 94602
8 Beds
4 Baths
4,088
sq ft
.16
ac
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$1,500,000
3800 Greenwood Ave, Oakland, CA 94602
Estimation provided by Keller Williams Realty Inc.
8 Beds
4 Baths
4,088
sq ft
.16
ac
Active
For Sale
Open House:
(Local time)
Sat 3/29 10:00 AM - 12:00 PM (Local time)
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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.
Assessed Value is a combination of the land and additions.
2023
$11,884
(+13.53%)
$590,349
Land 158,752 +
Additions 431,597
2021
$10,468
(+7.72%)
$578,775
Land 155,640 +
Additions 423,135
2019
$9,717
(+2.18%)
$561,610
Land 151,024 +
Additions 410,586
2018
$9,510
(+8.71%)
$550,599
Land 148,063 +
Additions 402,536
2016
$8,748
$529,222
Land 142,314 +
Additions 386,908
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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