Boasting an annual income of over $110,000 and a cap rate of more than 5% on the current rent, this investment opportunity is unparalleled. Owner occupancy financing is also available with as little as 5% down. This distinguished 1915 Edwardian-style triplex, featuring a captivating bonus unit, combines classic elegance and modern appeal.
Situated just two blocks from the serene Lake Merritt, this property presents an enticing investment prospect in the coveted lower Haddon Hill neighborhood. Residents enjoy the tranquility of lakeside living while being close to the vibrant Lakeshore/Grand district, making it a prime choice for investors seeking lucrative returns. It seamlessly blends historic charm with the allure of Lake Merritt living and the vibrant Lakeshore/Grand district. Each unit promises substantial rental income and capital appreciation, making it a compelling proposition for astute investors.
Sold for $1,450,000
Street View
$1,450,000
498 Stow Ave, Oakland, CA 94606
5beds
4baths
2,622sqft
Quadruplex, Residential Income
Built in 1915
-- sqft lot
$1,351,000 Zestimate®
$553/sqft
$2,986 Estimated rent
Home value
$1,351,000
$1.22M - $1.49M
$2,986/mo
Zestimate® history
Owner options
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$2,986/mo
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$2,986/mo
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$9,268/mo
Est. payment
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$9,268/mo
Est. payment
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List your homeWhat's special
Lakeside livingModern appealClassic eleganceLake merritt living
Zillow last checked:
Listing updated:
Listed by:
Robert Gosalvez 01272788 408-313-8870,
Compass 408-358-1111,
Rouzbeh Mokhtari 02095775 669-300-7992,
Compass
Bought with:
Phillip Minnick, 02176584
KW Advisors East Bay
Source: MLSListings Inc,MLS#: ML81952701
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Electric, Fireplace(s), Space Heater
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Oven/Range, Refrigerator, Washer/Dryer Some Units
Features
- Walk-In Closet(s)
- Flooring: Hardwood
- Doors: None
Interior area
- Total structure area: 2,622
- Total interior livable area: 2,622 sqft
Property
Parking
- Total spaces: 4
- Parking features: Electric Vehicle Charging Station(s), Parking Area
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 2
- Has view: Yes
- View description: Lake, Other
- Has water view: Yes
- Water view: Lake
Lot
- Size: 4,601 Square Feet
Details
- Parcel number: 0220309001
- Zoning: RU-1/S-12
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Edwardian
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition, RolledHotMop
Condition
- Year built: 1915
Utilities & green energy
- Gas: IndividualGasMeters, OtherNotOnSite
- Water: Public
- Utilities for property: Other, Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Oakland
Financial & listing details
- Price per square foot: $553/sqft
- Tax assessed value: $1,479,000
- Annual tax amount: $20,000
- Date on market: 1/28/2024
- Listing agreement: ExclusiveRightToSell
- Inclusions: DishwasherSomeUnits, OvenRangeSomeUnits
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2024 | Sold | $1,450,000-6.3%$553/sqft |
Source:  MLSListings Inc #ML81952701 Report a problem | ||
| 2/7/2024 | Contingent | $1,548,000$590/sqft |
Source: MLSListings Inc #ML81952701 Report a problem | ||
| 1/28/2024 | Listed for sale | $1,548,000+1.2%$590/sqft |
Source: MLSListings Inc #ML81952701 Report a problem | ||
| 1/22/2019 | Sold | $1,530,000-1.3%$584/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #40844049 Report a problem | ||
| 12/25/2018 | Pending sale | $1,550,000$591/sqft |
Source: Golden Gate Sotheby's International Realty #40844049 Report a problem | ||
| 11/30/2018 | Price change | $1,550,000+6.9%$591/sqft |
Source: Golden Gate Sotheby's International Realty #40844049 Report a problem | ||
| 10/27/2018 | Listed for sale | $1,450,000+225.8%$553/sqft |
Source: Golden Gate Sotheby's International Realty #40844049 Report a problem | ||
| 7/31/2002 | Sold | $445,000$170/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,479,000 -11.6% |
| 2024 | $24,187 -5.2% | $1,673,253 +2% |
| 2023 | $25,512 +2.8% | $1,640,450 +2% |
| 2022 | $24,828 +4.2% | $1,608,290 +2% |
| 2021 | $23,835 +1.1% | $1,576,756 +1% |
| 2020 | $23,574 +145.2% | $1,560,600 +170.1% |
| 2019 | $9,614 +7% | $577,730 +2% |
| 2018 | $8,987 | $566,404 +2% |
| 2017 | $8,987 +3.3% | $555,301 +2% |
| 2016 | $8,699 +0.6% | $544,417 +1.5% |
| 2015 | $8,649 -3.1% | $536,241 +2% |
| 2014 | $8,930 | $525,740 +0.5% |
| 2013 | -- | $523,368 +2% |
| 2012 | -- | $513,107 +2% |
| 2011 | -- | $503,050 +0.8% |
| 2010 | -- | $499,294 -0.2% |
| 2009 | -- | $500,481 +2% |
| 2008 | -- | $490,670 +2% |
| 2007 | -- | $481,048 +2% |
| 2006 | -- | $471,618 +2% |
| 2005 | -- | $462,371 +2% |
| 2004 | -- | $453,308 +1.9% |
| 2003 | -- | $445,000 +821.4% |
| 2002 | -- | $48,297 +2% |
| 2001 | $1,323 | $47,351 |
Find assessor info on the county website
Neighborhood: Cleveland Heights
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Nearby schools
GreatSchools rating
- 6/10Cleveland Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Edna Brewer Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Oakland High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: OaklandUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,351,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,351,000
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