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 open front yard. Significant capital improvements include approximately $135,000 in permitted electrical upgrades, a permitted earthquake-resistant reinforced perimeter foundation with shear-wall protection, and a garage roof replacement completed in 2016. Current scheduled rental income is $12,412.48 per month. Offered at $1,095,000, the property presents an attractive 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. A distinctive Oakland multifamily investment combining historic charm, established income, consistent ownership care, and long-term investment potential.