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Three-Unit Cottage Triplex
For Sale
$970,000

1714 Chestnut St, Oakland, CA 94607

Oakland triplex with a remodeled vacant cottage and two occupied residences.

Property SizeContact for details
Days on Market135

Property Features for 1714 Chestnut St

General Information

Standard status Active
Property subtype Investment

Property Condition

Severity Repairs Needed
Evidence priced to reflect deferred maintenance

Financials

Cap Rate 4.3%
Gross Income $74,968

Additional Details

Multifamily Units 3

Building Details

Year Built 1989
Units 3
Listing Agency: HPI Real Estate
Listed By: Quentin Hyde · License #01240562
Source: Elliman
Added: Apr 22 Changed: Aug 30 Last Checked: Aug 31 at 3:21PM

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 property in Oakland consists of a primary residence and two separate cottages on one lot. One cottage has been remodeled and is vacant, while the main home and second cottage are occupied. The configuration supports multiple residential arrangements, including an owner-occupant setup with additional rental units.

Located at 1714 Chestnut St, the property has a 95 bikeScore, an 81 walkScore, and a 55 transitScore. Built in 1989, it currently reflects a 4.3% cap rate, with a projected stabilized cap rate of 5.1% following lease-up of the vacant cottage.

Key Highlights

  • Three‑unit property with a primary residence and two detached cottages
  • Remodeled cottage is vacant for immediate occupancy or lease‑up
  • Main residence and second cottage are occupied

Property Analytics

Current Use

Building Machine Construction Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic Clothing & Fashion Store Pet Grooming Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,458
Businesses Nearby

Demographics for 94607, CA

31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Oakland triplex with a remodeled vacant cottage and two occupied residences.
Where is this triplex located?
The property is located at 1714 Chestnut St Oakland, CA.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Three‑unit property with a primary residence and two detached cottages; Remodeled cottage is vacant for immediate occupancy or lease‑up; Main residence and second cottage are occupied
More about this property
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