Newly repositioned to approximately a 5.44% estimated current cap rate with an estimated 10.22% stabilized cap rate based on projected market rents. Outstanding opportunity to acquire a large Oakland fourplex with long-term upside potential. 3683 Maybelle Ave presents a compelling opportunity to acquire a well-located 4-unit residential income property in Oakland's established Laurel District area. According to public records, the property consists of a 1966-built fourplex totaling approximately 4188 sq ft and featuring an attractive unit mix of three 2BR/1BA units and one 3BR/1BA unit. The generous unit sizes may be larger than many competing multifamily properties in the area and have historically supported stable long-term occupancy. The property has been owned by the same family for many years and most units remain in largely original condition, creating future value-add potential through modernization as units eventually turn over, subject to Oakland rent control and tenant protection regulations. All four units are currently tenant occupied by long-term tenants and generate approximately $54283 in annual gross rental income. Additional features include 4-car garage parking, separate unit entrances, individually metered PG&E service, and a substantial mid-century multifamily building footprint. Conveniently located near the Laurel and Dimond Districts, residents enjoy easy access to neighborhood shopping, restaurants, schools, parks, public transportation, Mills College at Northeastern University, I-580, Hwy 13, and major Bay Area employment centers. Broker's Note Buyer to verify all income, expenses, market rents, unit mix, square footage, rent control, tenant protections, zoning, and investment returns. Tenant personal property has been virtually removed from exterior marketing photos. Do not disturb occupants.

Listing courtesy of Andrew de Vries of Berkshire Hathaway-Franciscan | Agent Phone: (415) 585-5200



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Last checked: 2026-07-27 04:35 AM UTC