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Listed by Athena Stanford • Stanford Realty Group
$ 1,198,888
Est. payment | /mo
4,003 SqFt
$ 1,198,888
Est. payment | /mo
4,003 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,003 sqft
Price per Sqft $299
Subdivision Lincoln Heights
MLS Listing ID 41126396
HOA Y/N No
Year Built 1968
Lot Size 3,150 Sqft
Property Sub-Type Quadruplex
Source BAY EAST
Property Description
HUGE PRICE ADJUSTMENT......This Amazing Opportunity Will Not Last Long! Located at 2550 Damuth Street, this multi-family property presents a compelling opportunity for the owner-occupant buyer looking to combine comfortable living with steady rental income. The building spans 4,003 square feet, spread across multiple units. A dedicated 3 bedroom, 2 full bathroom ground-floor owner's unit, CURRENTLY VACANT, offers private backyard and spacious patio area providing peaceful living while the remaining units generate $60K+ annual income to help offset your mortgage payment each month. For investors, the numbers tell a strong story—multiple revenue-generating units under one roof mean consolidated management and lower per-unit operating costs. ALL 3 occupied units have been extensively upgraded and potentially maintenance free for years to come. With clear renovation potential in the owner's unit, strategic upgrades in the owner's unit can significantly boost rental income and overall property value, delivering excellent return on investment. The neighborhood speaks for it's self. The setting is truly serene. Nestled on a tree-lined street in a peaceful neighborhood renowned for tenant retention, this location is highly desirable to residents that appreciate tranquility without sacrificing accessibility. Daily conveniences include shopping and banking while the majestic redwood trails of Joaquin Miller Park offer an unparalleled outdoor retreat that consistently attracts quality tenants. Effortless connectivity to Highway 13 ensures swift passage throughout the greater Bay Area, adding yet another layer of desirability.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Linoleum, Unfinished, Carpet
Fireplace Yes
Window Features Window Coverings
Appliance Gas Water Heater
Laundry Coin Operated, Laundry Room, Laundry Equip - Leased
Building
Lot Description Level
Water Public, Meter on Site, Water District
Others
Special Listing Condition Standard
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