Charming 1929 Triplex
3271 Kempton Ave Oakland, CA 94611
3271 Kempton Ave, Oakland, CA, 94611
$1,150,000
For Sale
$1,150,000
Built circa 1929, this triplex features two vintage apartments and one modernized two-level unit with remodeled kitchens and baths.
Property Size3,261 SF
Price / SF$352.65
Days on Market34
Property Features for 3271 Kempton Ave
General Information
- Standard status
- Active
- Size
- 3,261 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1929
Listing agency
Vanguard Properties
(510) 333-2811
Listed by
Lorri Arazi · License #01164771
(510) 333-2811
Source
Exitrealty
Added: Jun 20 Updated: Jul 22 at 9:59AM Checked: Jul 23 at 6:45AM
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 Vanguard Properties
Investment Insights
Based on property information with market context.
Built circa 1929, this character-filled triplex combines period details with updated interior improvements across three separate units. The largest unit spans two levels, with a living room and light-filled kitchen on the entry level, and three bedrooms plus two full bathrooms upstairs. Expansive windows throughout highlight the wooded neighborhood outlook, and the living room includes built-in bookshelves, an exceptional fireplace with a marble surround, and a carved mantle. The original front porch entry and mahogany-paneled entryway lead to a peaceful one-bedroom retreat on the main level, served by a vintage tiled bathroom with lofty ceiling heights.
The third unit offers a one-bedroom lower-level hideaway with views over a shared, oversized sun-drenched deck and verdant garden space below. Both upper and lower units reference the established setting with neighborhood live oak trees and nearby parks.
During the current seller’s ownership, the property received substantial updates including three remodeled kitchens, two remodeled bathrooms, major foundation reinforcement, roof replacement, deck installation, and concrete driveway replacement, among other improvements.
The third unit offers a one-bedroom lower-level hideaway with views over a shared, oversized sun-drenched deck and verdant garden space below. Both upper and lower units reference the established setting with neighborhood live oak trees and nearby parks.
During the current seller’s ownership, the property received substantial updates including three remodeled kitchens, two remodeled bathrooms, major foundation reinforcement, roof replacement, deck installation, and concrete driveway replacement, among other improvements.
Key Highlights
- Triplex built circa 1929 with 3 units: two vintage apartments and one modernized two‑level unit
- Two‑level unit includes a living room and light‑filled kitchen on the entry level plus 3 bedrooms and 2 full bathrooms upstairs
- Lower‑level 1‑bedroom unit overlooks the shared oversized approx. 950 sq ft sun‑drenched deck and garden space
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 | $90.0k | $27.60 |
| − Vacancy | −$4.1k | −$1.24 |
| EGI | $86.0k | $26.36 |
| − OpEx | −$25.8k | −$7.91 |
| NOI | $60.2k | $18.45 |
3,261 SF · lease $27.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$859.5K
$752.1K – $1.00M
NOI $60,167 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$795.3K
$695.9K – $927.8K
NOI $55,670 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,160 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Built circa 1929, this triplex features two vintage apartments and one modernized two-level unit with remodeled kitchens and baths.
Where is this triplex located?
The property is located at 3271 Kempton Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Triplex built circa 1929 with 3 units: two vintage apartments and one modernized two‑level unit; Two‑level unit includes a living room and light‑filled kitchen on the entry level plus 3 bedrooms and 2 full bathrooms upstairs; Lower‑level 1‑bedroom unit overlooks the shared oversized approx. 950 sq ft sun‑drenched deck and garden space
