Multi Family In Oakland

Rare opportunity to acquire a well-maintained 11-unit Queen Anne Victorian offering distinctive architectural character, established rental income, and long-term, stable tenancy. Built in 1892, this three-story property features a mix of studio and one-bedroom residences, a wraparound porch, high ceilings, a long tandem driveway, finished basement space, and an expansive grassy front yard. Significant capital improvements include approximately $135,000 in recently completed permitted electrical upgrades, a permitted earthquake-resistant reinforced perimeter foundation with shear-wall protection, and a garage roof replacement in 2016. Current monthly rental income is $12,412.48. Offered at $1,095,000, the property presents an estimated 6.3% cap rate and 7.4 GRM based on seller-provided financial information. The property carries a City of Oakland historic designation and is reportedly exempt from the Soft Story Ordinance. Buyers should independently verify all financial information, permits, records, and ordinance applicability. A distinctive Oakland multifamily investment combining historic charm, consistent ownership care, established income, and long-term investment potential.