3404 School St presents an excellent investment opportunity in Oakland featuring a well-maintained 4-unit property with strong income potential and flexible living options. The property offers an attractive unit mix including (1) spacious 3BD/2BA owner's unit delivered vacant, (2) 2BD/1BA units, and (1) 1BD/1BA unit, ideal for an owner-occupant to live in the 3BD/2BA unit while collecting rental income from the other units, or for investors seeking full cash flow by renting out all units. Several units have been updated with modern flooring, refreshed kitchens, and upgraded bathrooms, providing a clean, move-in ready environment. Functional layouts, generous living spaces, and ample natural light enhance tenant appeal. Property improvements include updated electrical panels and a newer roof. The property features 4 garages with additional driveway parking, a shared low-maintenance backyard, and an on-site laundry room with coin-operated washer and dryer for additional income potential. Utilities include separate electric and gas meters for each unit, plus common area gas and electric meters, with one water meter; owner currently pays for water and garbage. Conveniently located with easy access to I-580, public transportation, shops, and schools, this property offers strong rental demand and long-term upside.
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