Two Houses on One Lot in the 94602
(12,000sf lot)
Price: $1,050,000.
Nestled into the Highland Park/Bella Vista neighborhood, this gated urban oasis boasts two single family homes with off street parking for four cars, zoned for 1-4 units and has a detached 4 car garage. Each unit is individually metered for water, gas and electric.
If your looking for an investment property, now is your chance. So many options! Live in one and rent the other, multi-family living, calling all artistic buyers and small lot developers.
1325 E 31st Oakland CA 94602
This enchanting two bedroom, one bath, 2176 square foot home (per appraisal) has four French doors and arched windows creating floor to ceiling light in the great room with a wood burning art deco granite fireplace. The staircase with an artfully designed banister leads you to a family room and a cozy gas fireplace.
French doors lead you into the formal dining room where you can enter the kitchen with a black and white checkered floor, straddling the line between casual and elegant. An eat-in alcove is off the kitchen and takes you to the washer and dryer in the laundry room.
Combined with hardwood floors, 1920's period lighting, two fireplaces, air conditioning, and central heat, two large bedrooms, one bath with a tub/shower surround there is a hidden bonus.
Hidden Bonus! There is room for expansion in the undeveloped space located in the great room built into the eastern wall. In a past life, this was the organ pit of a 50 rank pipe organ the previous owners had in the home.
This home is unlike any other you have seen. There are 12 mature cypress trees leading you behind the gate. The yard is a secluded peaceful oasis complete with two antique street lights on the grounds, mature trees, and a private patio, in addition to a partial basement. Two car tandem parking and currently tenant occupied. Current rent is $3000/mo. Tenants are on a month to month lease and would like to stay.
1323 E 31st Oakland CA 94602
Enter the gate and follow the path to the back of the property to reach this 972 square foot Craftsman style wood shingled home (per appraisal). When you walk in from the front porch, you enter the living room, which is surrounding by windows on two walls, and a gas fireplace. The home has central heat and air conditioning. Off the living room is the spacious bedroom and en suite with a majestic redwood right outside your window. As you enter the retro kitchen, the Wedgwood stove is sure to catch your eye. The dining room and office located off the kitchen are walled by glass sliding doors where you can appreciate the expansive views of the deck and mature trees on the grounds. The filtered light through this space creates a feeling of seclusion and peace. There is a laundry room and full bath located conveniently for anyone who would like to add a hot tub to this backyard. There is outdoor lighting, and a privacy fence between both properties. This property is currently vacant. Past tenants paid $2200/mo.
What about the location? The home is a block away from the AC transit bus line that connects you to Lake Merritt Bart, or Fruitvale Bart within 10 minutes. Living here you or your tenants can explore Oakland's neighborhoods from Lakeshore, to Grand Ave, Park Blvd to Montclair, or the Diamond District to the Laurel, the shops and restaurants are all nearby.
You do not need to hop on the freeway but if you did, Highway 580 is a few blocks away and in 20 minutes you could be in downtown San Francisco (during non-commute times).
You cannot see either house from the street. There is a senior home to the right of the property. Truly a gem.
Detached Garage
Architects Synopsis from 2017 Q4:
Based on these findings as confirmed by the Planning Department, it appears that the intended development of 2 units over parking can be designed within the requirements of the Municipal Code. The footprints of the existing buildings (including the garage) are already very close to the maximum lot coverage. As such, the new building must have a footprint approximately equal to that of the existing garage. It appears that we can go up to 3 stories tall so that we can have two story units over the new garage.
Please contact Elisa Uribe at 510-919-5741 or [email protected] for private showings.
