343 Somerset Rd Oakland, CA 94611
Property details
About 343 Somerset Rd
Located near the border of Piedmont, this rare 4-unit property is a trophy investment opportunity. Each of the four 1 BD/1 BA units offers spacious living with abundant natural light. Every unit includes a garage, providing added convenience and value for tenants. The property features a common laundry area equipped with coin-operated washers and dryers, offering ease and accessibility. With market rent significantly higher than the current rent, this property presents an excellent opportunity to increase revenue and maximize your investment potential. Set on a tranquil street yet close to local amenities, shops, dining, and public transportation, this property is in an excellent location, allowing easy access to the vibrant energy of Montclair Village and also downtown Oakland. Don't miss out on acquiring this exceptional income-generating property!
Highlights
Summary
- MLS Number: 325016164
- MLS Name: BAREIS MLS
- Office Name: Compass
- Office Email: ed.lynch@compass.com
- Listing Agent: Faber Real Estate Team
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Last updated on: 3/9/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,500,000
343 Somerset Rd
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
6
Joaquin Miller Elementary School
Public District KG-5
0.4 mi
•5525 Ascot Dr
7
Montclair Elementary School
Public District KG-5
0.8 mi
•1757 Mountain Blvd
7
Thornhill Elementary School
Public District KG-5
1.1 mi
•5880 Thornhill Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $132,870. Residents of Oakland, CA typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Men's Tennis
Skiing/snowboarding- Tennis
Where do the neighbors shop?
Bloomingdales
Nordstrom
Brooks Brothers
Where do the neighbors go to eat?
Bonefish Grill
California Pizza Kitchen
Qdoba
What do the neighbors drive?
Lexus
BMW
Acura
What do the neighbors listen to?
News
Talk/Personality
Sports
This home is located at 343 Somerset Rd in Oakland, CA and zip code 94611 in the Montclair neighborhood. This 2,588 square foot home, which was built in 1949, sits on a 0.16 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $1,500,000.
The inventory of homes for sale in Oakland, CA between January and February 2025 increased by 14.1%. In February 2025 median list price was $695,000 and the average listing age was 106 days.