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About this home
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!
Montclair, located between the Oakland Hills and Piedmont, is a residential and village-style Oakland neighborhood with a wooded ridgeline setting and a compact commercial core. The neighborhood’s character concentrates around Mountain Boulevard at La Salle Avenue, where sidewalk cafes, independent boutiques, and small specialty shops line the blocks. Montclair Village anchors daily routines with low-rise storefronts and a walkable main drag. The Montclair Railroad Trail threads through the district as a green pedestrian corridor. Nearby, Joaquin Miller Park and Redwood Regional Park frame the area with trailheads and canyon views. Housing leans toward mid-century homes and hillside properties tucked along winding streets.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Bedrooms
Four one-bedroom units
Bathrooms
Three full bathrooms
Kitchen
Free-standing gas ranges and refrigerators
Laundry & utility
Coin-operated laundry in a common area
Flooring
Carpet, wood, and varied flooring by unit
Heating & cooling
Wall furnace heating
No cooling
Exterior features
Yard space
Home design
Two stories
Parking
Eight parking spaces, including a detached four-car garage
Utilities
Cable available
Natural gas connected
Public sewer
HOA & community
No homeowners association
Other
Four-unit residential income property
Electricity and solar
View estimated energy costs and solar savings for this home
bridgeMLS, Bay East AOR, or Contra Costa AOR #40838378
Oct 9, 2018
Sold
$1,000,000
$386/sq ft
Sep 18, 2018
Pending
—
Sep 13, 2018
Listed
$1,100,000
$425/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$18,717 (+5.6%)
$341,343 + $796,467
$1,137,810
2024
$17,719 (−4.3%)
$334,650 + $780,850
$1,115,500
2023
$18,517 (+3.7%)
$328,089 + $765,541
$1,093,630
2022
$17,850 (+5.9%)
$315,351 + $735,819
$1,051,170
2021
$16,853 (+1.2%)
$315,351 + $735,819
$1,051,170
2020
$16,659 (+4.8%)
$309,168 + $721,392
$1,030,560
2019
$15,890 (+10.6%)
$306,000 + $714,000
$1,020,000
2018
$14,363 (+4.6%)
$300,000 + $700,000
$1,000,000
2017
$13,733 (+2.8%)
$268,578 + $607,300
$875,878
2016
$13,359 (+0.5%)
$268,578 + $607,300
$875,878
2015
$13,287 (−3.3%)
$263,313 + $595,394
$858,707
2014
$13,745 (+2.6%)
$254,281 + $574,971
$829,252
2013
$13,395 (+10.8%)
$254,281 + $574,971
$829,252
2012
$12,090 (+1.8%)
$240,000 + $560,000
$800,000
2011
$11,874 (+4.8%)
$219,000 + $511,000
$730,000
2010
$11,331 (−22.5%)
$210,000 + $490,000
$700,000
2009
$14,612 (+20.3%)
$210,000 + $490,000
$700,000
2008
$12,148
$279,752 + $635,286
$915,038
Public record
Public record
Zoning
Permits
Beds
4
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
7,114 Sq. Ft.
Year renovated
1949
Finished Sq. Ft.
2,588
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,588
Year built
1949
Style
Multi-Family (2-4 Unit)
County
Alameda County
APN
048C720000110
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
RM-3
S-9
Mixed Housing Type Residential - 3 Zone
The intent of the RM-3 Zone is to create, maintain, and enhance residential areas characterized by a mix of single family homes, duplexes, townhouses, small multi-unit buildings at somewhat higher densities than in RM-2, and neighborhood businesses where appropriate.
Zone overlays
Fire Safety Protection Combining Zone
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Dec 12, 2017 • Final
R) - reroof certificate (building)
Obtain a re-roofing certification and an obstruction permit for curbside parking or sidewalk and street obstruction. This includes the use of scaffolding, canopies, fencing, dumpsters, and traffic control.
Grading
Roofing
Dec 12, 2017 • Final
R) - reroof certificate (building)
Perform re-roofing on a garage. An obstruction permit is required for curbside parking, sidewalk, or street obstruction including scaffolding, canopies, fencing, dumpsters, or traffic control.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
6 days above 86° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
14 unhealthy days expected this year, 14 days in 30 years
Provided by First Street
Historical weather
Piedmont, CA • 94611
Average low and high temperatures (°F)
59
47
60
47
66
51
63
49
67
52
68
53
69
55
74
56
73
59
72
57
61
50
57
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
72/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 343 Somerset Rd
$1,258,889
$36K under list price of $1.30M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.0M to $1.6M.