1050 37th St, Oakland, California 94608, Oakland, 94608 - bed, bath
ACTIVE$699,000
1050 37th St, Oakland, California 94608
0Bed
0Bath
Sqft
3,340Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: This duplex offers significant income potential with one unit already tenant-occupied by a reliable long-term tenant and the other vacant and ready for immediate rental or owner-occupancy. Separately metered utilities further enhance its investment appeal.
Top Cons:
Age of Property: Built in 1922, the property's age may imply potential for outdated systems (plumbing, electrical) and higher maintenance costs or future renovation needs compared to newer constructions.
Compared to the nearby listings
Price:$699.0K vs avg $757.5K ($-58,500)43%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1922 (103 years old).
Condition: The property was built in 1922, making it quite old. While Unit 1054 features a clean, functional kitchen with granite countertops and abundant cabinetry, and a functional bathroom, the style of the oak cabinets, white tile flooring, and bathroom vanity appears to be from a renovation 15-25 years ago, not a recent modern update. The accessory building has newer flooring and recessed lighting, which is a positive, but the primary units' key areas (kitchen/bath) are dated in style, though well-maintained. This aligns with the 'Fair' criteria of being aged but maintained with functional components showing signs of being outdated.
Year Built
1922
Close
-
List price
$699K
Original List price
$749K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41110858
Home ConditionFair
Features
View-
About this home
Price Reduced - Great Value! Fantastic investment opportunity in Oakland! This charming duplex features two spacious 2-bedroom, 1-bath units, each with its own detached one-car garage and separately metered PG&E and water (seller currently pays only for garbage). Unit 1050 is tenant-occupied by a reliable long-term tenant, while unit 1054 is vacant and ready to show, offering a bright living area, open kitchen with granite countertops, abundant cabinetry, and a clean, functional bathroom. Adding even more value, a permitted accessory building in the rear, with its own entry, has been finished with recessed lighting, new flooring, and a convenient half bath. Conveniently located near Emeryville, BART, shopping, and freeway access, this property is ideal for both investors and owner-occupants seeking income potential.
Nearby schools
2/10
Hoover Elementary School
Public,•K-5•0.4mi
2/10
Emerson Elementary School
Public,•K-5•1.2mi
1/10
Sankofa Academy
Public,•PK-5•1.5mi
6/10
Malcolm X Elementary School
Public,•K-5•1.7mi
8/10
Peralta Elementary School
Public,•K-5•1.8mi
6/10
Leconte Elementary School
Public,•K-5•2.2mi
6/10
John Muir Elementary School
Public,•K-5•2.7mi
7/10
Washington Elementary School
Public,•K-5•2.7mi
7/10
Emerson Elementary School
Public,•K-5•2.7mi
5/10
Oxford Elementary School
Public,•K-5•4.2mi
7/10
Cragmont Elementary School
Public,•K-5•4.6mi
4/10
Anna Yates Elementary School
Public,•K-8•0.7mi
2/10
Westlake Middle School
Public,•6-8•1.3mi
3/10
West Oakland Middle School
Public,•6-8•1.3mi
6/10
Claremont Middle School
Public,•6-8•1.9mi
8/10
Willard Middle School
Public,•6-8•2.4mi
5/10
Emery Secondary School
Public,•9-12•0.6mi
3/10
Mcclymonds High School
Public,•9-12•0.7mi
2/10
Oakland International High School
Public,•9-12•1.0mi
7/10
Oakland Technical High School
Public,•9-12•1.3mi
8/10
Berkeley High School
Public,•9-12•2.9mi
2/10
Fremont High
Public,•9-12•5.2mi
Condition Rating
Fair
The property was built in 1922, making it quite old. While Unit 1054 features a clean, functional kitchen with granite countertops and abundant cabinetry, and a functional bathroom, the style of the oak cabinets, white tile flooring, and bathroom vanity appears to be from a renovation 15-25 years ago, not a recent modern update. The accessory building has newer flooring and recessed lighting, which is a positive, but the primary units' key areas (kitchen/bath) are dated in style, though well-maintained. This aligns with the 'Fair' criteria of being aged but maintained with functional components showing signs of being outdated.
Pros & Cons
Pros
Strong Income Potential: This duplex offers significant income potential with one unit already tenant-occupied by a reliable long-term tenant and the other vacant and ready for immediate rental or owner-occupancy. Separately metered utilities further enhance its investment appeal.
Valuable Accessory Building: A permitted accessory building in the rear, complete with its own entry, recessed lighting, new flooring, and a half bath, adds substantial value and flexibility for additional income, a home office, or guest space.
Strategic Location: The property boasts a convenient location near Emeryville, BART, shopping, and freeway access, making it highly attractive to tenants and owner-occupants seeking easy commutes and amenities.
Immediate Occupancy/Rental Opportunity: Unit 1054 is vacant and ready to show, providing an immediate opportunity for an owner-occupant to move in or for an investor to secure a new tenant at current market rates without delay.
Separate Utility Metering: Each unit features separately metered PG&E and water, simplifying utility management and billing for tenants, which is a significant advantage for property owners.
Cons
Age of Property: Built in 1922, the property's age may imply potential for outdated systems (plumbing, electrical) and higher maintenance costs or future renovation needs compared to newer constructions.
Limited Outdoor Space: With a lot size of 3340 sqft for a duplex with an accessory building and two detached garages, outdoor space may be limited, potentially impacting tenant appeal or personal use.
Seller-Paid Garbage: While PG&E and water are separately metered, the seller currently pays for garbage, indicating an additional ongoing expense that a new owner would need to factor into their budget or tenant agreements.