1109 Seminary Avenue, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE$950,000
1109 Seminary Avenue, Oakland, California 94621
0Bed
0Bath
Sqft
3,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is explicitly listed as a residential income triplex, offering multiple rental units and strong potential for steady cash flow for an investor.
Top Cons:
Low-Rated Nearby Schools: Several nearby schools have low ratings (1-2), which could be a deterrent for families with school-aged children and potentially impact long-term tenant appeal or resale value.
Compared to the nearby listings
Price:$950.0K vs avg $647.5K (+$302,500)88%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1970 (55 years old).
Condition: Built in 1970, this property is aged but appears maintained and functional, aligning with the 'Fair' category. While described as 'move-in ready,' the images reveal dated kitchens with painted cabinets, basic appliances (one older black, one newer white), and simple tile/laminate countertops. Bathrooms feature standard fiberglass tub/shower combos and basic fixtures. Flooring is a mix of older tile and dark hard surfaces. The presence of wall-mounted heaters suggests a lack of central HVAC. These elements indicate that while the property has received some cosmetic updates, it has not undergone an extensive renovation within the last 15 years and many components show signs of being outdated, requiring minor updates to meet modern standards.
Year Built
1970
Close
-
List price
$950K
Original List price
$1M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41084114
Home ConditionFair
Features
Deck
Patio
View-
About this home
Nice building in residential neighborhood. 4 Bed 2 full bath Large Townhouse in rear. 2 bed 1 bath downstairs in front of building with laundry hookups inside unit. 2 bed 1 bath upstairs in front of building with large deck. Full coined operated laundry room in rear for remaining 2 units, storage room in rear. Lounging area in rear. 3+off street gated parking spots. Move in ready.
Nearby schools
2/10
Futures Elementary School
Public,•K-5•0.7mi
2/10
Community United Elementary School
Public,•K-5•0.7mi
1/10
Roots International Academy
Public,•6-8•0.6mi
3/10
Melrose Leadership Academy
Public,•PK-8•1.3mi
3/10
Coliseum College Prep Academy
Public,•6-12•0.6mi
2/10
Fremont High
Public,•9-12•0.9mi
1/10
Castlemont High
Public,•9-12•2.3mi
2/10
Oakland International High School
Public,•9-12•5.8mi
Condition Rating
Fair
Built in 1970, this property is aged but appears maintained and functional, aligning with the 'Fair' category. While described as 'move-in ready,' the images reveal dated kitchens with painted cabinets, basic appliances (one older black, one newer white), and simple tile/laminate countertops. Bathrooms feature standard fiberglass tub/shower combos and basic fixtures. Flooring is a mix of older tile and dark hard surfaces. The presence of wall-mounted heaters suggests a lack of central HVAC. These elements indicate that while the property has received some cosmetic updates, it has not undergone an extensive renovation within the last 15 years and many components show signs of being outdated, requiring minor updates to meet modern standards.
Pros & Cons
Pros
Income-Generating Triplex: The property is explicitly listed as a residential income triplex, offering multiple rental units and strong potential for steady cash flow for an investor.
Diverse Unit Configuration: It features a large 4-bedroom, 2-bathroom townhouse, a 2-bedroom, 1-bathroom unit with in-unit laundry hookups, and another 2-bedroom, 1-bathroom unit with a large deck, appealing to a broad range of tenants.
Ample Gated Off-Street Parking: The inclusion of 3+ off-street gated parking spots is a significant advantage, providing security and convenience in an urban environment where parking can be scarce.
Tenant-Friendly Shared Amenities: Shared amenities such as a coin-operated laundry room, storage, and a lounging area enhance tenant convenience and can provide additional income streams for the owner.
Move-in Ready Condition: Described as 'move-in ready,' the property suggests immediate occupancy and minimal upfront renovation costs, making it attractive for new owners or investors seeking quick tenant placement.
Cons
Low-Rated Nearby Schools: Several nearby schools have low ratings (1-2), which could be a deterrent for families with school-aged children and potentially impact long-term tenant appeal or resale value.
Data Inconsistency in Listing Dates: The 'on-market date' and 'modified timestamp' are listed in the future (2025), indicating a potential data error or pre-listing status that could cause confusion or raise questions about the listing's accuracy.
Recent Price Reduction: The property has undergone a price reduction from $1,000,000 to $950,000, which might suggest initial overpricing or a struggle to attract buyers, potentially raising questions about its current market value.