3229 Elm Street, Oakland, CA, 94609
About This Home
Historic Pill Hill fourplex offering strong in-place income, extensive capital improvements, and exceptional long-term investment potential. This well-maintained property features four updated units totaling approximately 3,300 square feet, plus additional attic storage, and generates multiple income streams through rental income, parking, and on-site laundry. Unlike many multifamily properties, several units enjoy their own private outdoor spaces, including private porches, a backyard and storage shed, and a spacious veranda, creating a more residential living experience for tenants. The property also includes nine off-street parking spaces, a rare amenity in this highly desirable neighborhood. Ownership has completed substantial system upgrades over the years, including remodeled kitchens and bathrooms, updated electrical panels, separate gas and water meters, replacement windows, soundproofing between units, foundation improvements, new gutters, termite treatment, and upgraded water heating systems, including tankless water heaters. All units include dishwashers, and the property has been consistently maintained, reducing deferred maintenance concerns. Located in Oakland's sought-after Pill Hill neighborhood, the property is just minutes from Kaiser Permanente, Alta Bates Summit Medical Center, MacArthur BART, Downtown Oakland, Uptown, major freeways, and numerous shopping and dining destinations. The location supports strong rental demand from healthcare professionals, commuters, and long-term residents alike. An excellent opportunity for investors seeking stable cash flow and long-term appreciation, or for an owner-occupant looking to offset housing costs with rental income. Property is currently in the process of obtaining official fourplex approval. Buyer to investigate and satisfy themselves regarding permit status.
Getting Around
Walker's Paradise
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 1896
Materials
- Roof: Composition
Type & Style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Dishwasher,Electric Cooktop,Free-Standing Electric Oven,Free-Standing Gas Oven,Free-Standing Gas Range,Free-Standing Refrigerator,Gas Cooktop,Gas Water Heater,Microwave,Tankless Water Heater,Varies By Unit
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Features
- Unit 1 - Beds: 1,Baths: 1,Square Footage: 700 | Unit 2 - Beds: 4,Baths: 2,Square Footage: 1700 | Unit 3 - Beds: 6,Baths: 4,Square Footage: 2040 | Unit 4 - Beds: 4,Baths: 1,Square Footage: 750
- Window features: Bay Window(s),Dual Pane Full
Heating & Cooling
- Heating features: Central,Gas,Wall Furnace
- Cooling features: Central Air
Interior Area
- Total structure area: 3,320
- Total interior livable area: 3,320 sqft
Property
Details
- Parcel number: 0090746011
- Special condition: Trust
Features
- Levels: Two
- Patio & porch: Balcony/Deck,Enclosed
- Exterior features: Yard Space
- Fencing: Fenced
- Has view: Yes
- View description: City
Lot
- Lot size: 4,369 sqft
- Features: Corner Lot,Shape Regular,Sidewalk
Parking
- Total spaces: 9
- Parking features: Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Alameda County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,074 | $84,888 |
| Home Insurance * | $243 | $2,916 |
| Property Taxes | $1,844 | $22,128 |
| Electricity | $711 | $8,543 |
| Total | $9,872 | $118,464 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-08 | Price change | $1,389,000 |
| 2026-07-09 | Listed for sale | $1,399,000 |
| 2026-03-09 | Listing removed | $2,100 |
| 2026-03-05 | Listed for rent | $2,100 |
| 2024-09-11 | Listing removed | $1,499,900 |
| 2024-09-04 | Listed for sale | $1,499,900 |
| 2024-04-26 | Listing removed | -- |
| 2024-04-14 | Listed for rent | $2,100 |
| 2024-02-25 | Listing removed | -- |
| 2024-02-14 | Price change | $2,750 |
| 2024-01-25 | Price change | $2,550 |
| 2023-12-30 | Listed for rent | $2,450 |
| 2023-12-30 | Listing removed | -- |
| 2023-10-20 | Price change | $1,599,000 |
| 2023-09-29 | Listed for sale | $1,699,000 |
| 2023-07-04 | Listing removed | -- |
| 2023-06-29 | Price change | $1,888,000 |
| 2023-04-06 | Price change | $1,750,000 |
| 2023-03-26 | Price change | $1,775,000 |
| 2023-03-22 | Price change | $1,788,888 |
| 2023-03-19 | Price change | $1,798,000 |
| 2023-03-14 | Price change | $1,798,888 |
| 2023-03-09 | Listed for sale | $1,750,000 |
| 2005-01-27 | Sold | $650,000 |
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