Three-Unit Residential Income
1714 Chestnut Street Oakland, CA 94607
1714 Chestnut Street, Oakland, CA, 94607
$899,000
For Sale
$899,000
Versatile 3-unit property on one lot with a remodeled vacant cottage and two currently occupied units.
Property Size3,533 SF
Price / SF$254.46
Days on Market94
Property Features for 1714 Chestnut Street
General Information
- Standard status
- Active
- Size
- 3,533 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1989
Listing agency
HPI Real Estate
(415) 816-9977
Listed by
Quentin Hyde · License #01240562
(415) 816-9977
Source
Exitrealty
Added: Apr 21 Updated: Jul 21 at 5:36PM Checked: Jul 22 at 8:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HPI Real Estate
Investment Insights
Based on property information with market context.
This three-unit residential income property is configured as a primary house plus two separate cottages on one lot. One cottage has been recently remodeled and is delivered vacant, providing the option for an owner-occupant immediate move-in while generating rental income from the remaining units.
The main house and second cottage are currently occupied, supporting in-place cash flow. The property is reported to generate approximately $74,968 in annual rental income. With lease-up of the vacant unit at a stated $2,100 per month, projected gross income increases to approximately $87,642 annually.
The listing notes the property price reflects deferred maintenance, with value-add improvements available for prospective buyers. A standard vacancy factor is referenced to indicate a stabilized cap rate of approximately 5.1% based on the stated projections.
The main house and second cottage are currently occupied, supporting in-place cash flow. The property is reported to generate approximately $74,968 in annual rental income. With lease-up of the vacant unit at a stated $2,100 per month, projected gross income increases to approximately $87,642 annually.
The listing notes the property price reflects deferred maintenance, with value-add improvements available for prospective buyers. A standard vacancy factor is referenced to indicate a stabilized cap rate of approximately 5.1% based on the stated projections.
Key Highlights
- Year built 1989: versatile 3‑unit property on one lot with a main house plus two separate cottages.
- Recently remodeled cottage is delivered vacant for immediate move‑in or lease‑up.
- Main house and second cottage are currently occupied, providing in‑place rental income.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.8k | $34.20 |
| − Vacancy | −$5.2k | −$1.46 |
| EGI | $115.7k | $32.74 |
| − OpEx | −$34.7k | −$9.82 |
| NOI | $81.0k | $22.92 |
3,533 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,968 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$1.07M
$932.5K – $1.24M
NOI $74,599 @ 7.0% cap · market cap 8.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Building Machine
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Versatile 3-unit property on one lot with a remodeled vacant cottage and two currently occupied units.
Where is this triplex located?
The property is located at 1714 Chestnut Street Oakland, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Year built 1989: versatile 3‑unit property on one lot with a main house plus two separate cottages.; Recently remodeled cottage is delivered vacant for immediate move‑in or lease‑up.; Main house and second cottage are currently occupied, providing in‑place rental income.
