389 Somerset Rd - Multi-Family FOR SALE


Piedmont, CA 94611
$1,100,000 USD
510-592-4244
389 Somerset Rd, Piedmont, CA for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/13
null | 4.3% Cap Rate

389 Somerset Rd
Piedmont, CA 94611


HIGHLIGHTS

  • Less than half a mile from Montclair Village, residents enjoy cafés, boutiques, and a farmers market, with nearby hiking trails, parks.
  • Vacant 1BD unit delivered at close—perfect for buyers who want to live onsite while earning rental income.
  • Comes with onsite covered parking spots, a valuable perk for tenant convenience.

OVERVIEW

TRANSPARENT PRICE. Unit 2 is vacant and can be shown via calendly. Units 1,3, and 4 are tenant-occupied and can be shown via private tour. The property has a Piedmont address but receives an Oakland tax bill. Contact Joey at joeywang@kwcommercial.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7 Offers are due on Tuesday, April 8th at noon. 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 vacant 1BD unit delivered 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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$410 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

4.3%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

389 Somerset Road

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,100 SF

ZONING

-

APN/PARCEL ID

048C-7200-001-49

ASK ABOUT THIS PROPERTY

Joey WangKW CommercialMore Info
510-592-4244

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Joey WangKW CommercialMore Info
510-592-4244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.