3431 Wilson Ave, Oakland, CA 94602

Description

The Prescott Team is pleased to present 3431 Wilson Avenue, a four-unit multifamily property located in Oakland's Dimond District, an established neighborhood known for its walkable commercial corridor, residential character, and convenient East Bay access. Built in 1922, the property comprises approximately 2,156 rentable square feet on a 6,500 square foot lot. The unit mix is distributed across three separate structures: a front house operating as the two-bedroom, one-and-a-half-bath unit; a detached cottage configured as a one bed - one-bath; and a duplex containing two split-level one-bath lofts. All three structures have been seismically retrofitted. Additional capital improvements include newer roofing on the cottage and duplex, an upgraded sump pump, and approximately $5,000 in drainage work on the front house. Tenant amenities include off-street parking, on-site laundry in the garage, private outdoor space across the property, a private backyard for the cottage, decks for the loft units, and a front yard for the front house. The on-site laundry also presents an opportunity to generate additional income through coin- or card-operated machines. The Dimond District offers residents a strong mix of restaurants, cafés, breweries, and everyday retail along MacArthur Boulevard, along with access to Dimond Park and the Sausal Creek trail system. AC Transit service and immediate Interstate 580 access support efficient commutes to Downtown Oakland, Berkeley, San Francisco, and the greater East Bay. With completed seismic work, recent capital improvements, and desirable Dimond District location, 3431 Wilson Avenue represents a compelling opportunity to acquire a well-positioned and well-maintained multifamily asset.