Key information
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Units 4
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Year Built 1963
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Average Unit Size 670
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Building Size 2,680
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Land Area (Sq Ft) 7,081
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Parking 4
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Separate Meters Gas, Electric
Pricing Metrics
CAP Rate:
4.7%
GRM:
12.0
Price per Unit:
$262,500
Price per Square Foot:
$392
Property Summary
A rare chance to own a fourplex in Montclair, one of Oakland’s most sought-after neighborhoods, just steps from Piedmont and a short walk to Montclair Village. Priced at $1.1M, 389 Somerset Road is a prime opportunity for investors and owner-occupiers looking to build long-term wealth. The 2,680 SF property features two 2BD/1BA and two 1BD/1BA units, with a 1BD unit delivered vacant at close—perfect for buyers who want to live onsite while earning rental income. The property also comes with onsite covered parking spots, a valuable perk for tenant convenience. Less than half a mile from Montclair Village, residents enjoy cafés, boutiques, and a farmers market, while nearby hiking trails, parks, and the Huckleberry Botanic Preserve offer a perfect nature retreat. With high rental demand, appreciation potential, and move-in-ready flexibility, this is an investment you don’t want to miss.
Financial Summary
Gross Rents (Annual):
$87,348
Other Income:
$0
Expense Pass Through:
$0
Effective Gross Income:
$49,035
Vacancy Reserve:
$4,367
Operating Expenses:
$33,946
Net Operating Income:
$49,035
Market Rents (Annual):
$103,200
Rent Gap:
18%
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Operating Expenses
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Property Tax Rate:
N/A
Property Tax (Base):
N/A
Property Tax (Additional Assessments):
N/A
Business License Fee:
N/A
Rent Board Fee:
N/A
Other Program Fee:
N/A
Property Management:
N/A
Resident Manager:
N/A
- Maintenance, Repairs, and Reserves : N/A
- Turnover Costs : N/A
- Landscaping : N/A
- Pest Control : N/A
- Janitorial : N/A
- Insurance : N/A
- Gas & Electricity : N/A
- Garbage : N/A
- Water & Sewer : N/A
- Other Utilities : N/A
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Rent Roll
Log in to view all information| Unit Mix | Occupancy | Unit Size | Current Rent (Average) | Market Rent Estimate | Comments |
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| N/A | N/A | N/A | N/A | N/A | N/A |
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