738 34th St, Oakland, CA 94609

Property Description

738–744 34th Street presents an exceptional investment opportunity in the heart of West Oakland. Originally built in 1902, this two-story fourplex was expanded with a lower-level addition in 1993, offering approximately 3,258 square feet of living space nestled on a 6,000 square foot lot. The property features a desirable unit mix of two (2) 2-bedroom, 1-bath units and two (2) 3-bedroom, 1-bath units. Situated in a thriving neighborhood experiencing a strong rental demand. The property is fully subsidized through the Oakland Housing Authority's, Housing Voucher (Section 8) Program. Separately metered with four (4) gas meters and four (4) electric meters, and is serviced by one (1) master water meter. Ideally located near MacArthur BART, downtown Oakland, San Francisco, and major corridors including I-580, I-80, I-880, and Highway 24, the property offers exceptional regional accessibility throughout the Bay Area. Positioned near the highly desirable Temescal neighborhood, a rare opportunity to acquire a well-maintained multifamily asset with strong in-place cash flow, excellent upside potential, and long-term appreciation potential.