$1,399,000
Exceptional Adams Point Opportunity Ideal for Homeowners & Investors Alike. Discover a rare and versatile property offering the flexibility of a grand single-family residence or four separate income-producing units. Whether you are an owner-occupant seeking a beautiful home with supplemental rental income, a multi-generational living solution, or an investor pursuing a high-demand asset, this property presents a remarkable opportunity. Qualified buyers only. Situated in the coveted Adams Point neighborhood, this property enjoys a premier location just minutes from Downtown Oakland, Lake Merritt, major freeways, and public transportation. Residents benefit from a vibrant, diverse community, walkable conveniences, and easy access to the Bay Area's most desirable amenities. The property includes a spacious 3-bedroom, 2-bath residence at 389 Euclid Avenue, complemented by a basement offering abundant storage and laundry facilities. At 387 Euclid Avenue, three additional units provide exceptional income potential, including a desirable 1-bedroom, 1-bath penthouse. The basement can also be made accessible to these units, further enhancing tenant appeal and functionality. Adding to the property's value is the potential to create an Accessory Dwelling Unit (ADU) in the rear yard or explore the possibility of additional off-street parking, offering future flexibility and upside potential. With strong rental demand, promising neighborhood growth, and conservative projected rental estimates, this property represents an outstanding opportunity for both discerning homeowners and savvy investors. Few properties combine location, versatility, income potential, and long-term value so seamlessly. Live in one, lease the others or maximize returns by renting all four units. The possibilities are exceptional.
326070274
MLS
389 Euclid Ave, Oakland