1180 73rd Ave, Oakland, California 94621, Oakland, 94621 - bed, bath

1180 73rd Ave, Oakland, California 94621 home-pic-0
ACTIVE$880,000
1180 73rd Ave, Oakland, California 94621
0Bed
0Bath
Sqft
6,500Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Diversified Income Streams: The property features four income-generating units (a triplex and a separate single-family home) on one parcel, providing multiple revenue streams and reducing vacancy risk.
Top Cons:
Sub-Optimal Current Rents: The description notes that 'current rents offering room for improvement,' indicating that immediate rental income may not be maximized and requires active management to reach market potential.

Compared to the nearby listings

Price:$880.0K vs avg $647.5K (+$232,500)88%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%

More Insights

Built in 1947 (78 years old).
Condition: Despite being built in 1947, the property has undergone extensive recent renovations exceeding $150,000, including updated wood flooring and kitchens, brand-new dual-pane windows, a newly poured foundation, and a repaired sewer lateral. This makes it a 'turnkey asset' with major systems updated and functional. While the description indicates significant improvements, the absence of interior photos, particularly of the kitchens and bathrooms, prevents a definitive 'Excellent' rating, as it's difficult to confirm if all components are virtually new and meet current high-end quality standards.
Year Built
1947
Close
-
List price
$880K
Original List price
$900K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41092312
Home ConditionGood
Features
View-

About this home

Exceptional investment opportunity in the heart of Oakland. This upgraded four-unit property has undergone over one hundred fifty thousand dollars in renovations, making it a turnkey asset with incredible upside potential. The property includes a triplex with three spacious two-bedroom, one-bathroom units, plus a separate single-family home on the same lot featuring three bedrooms and one bathroom. That’s four income-generating units on one parcel, perfectly positioned for long-term appreciation and rental growth. Recent improvements include updated wood flooring and kitchens, brand-new dual-pane windows, a newly poured foundation for the house, fresh exterior paint, and a repaired sewer lateral. The basement in the single-family home has been deepened to increase ceiling height, creating additional functional space and comfort. Located in a federally designated Opportunity Zone, this property offers significant tax advantages for investors looking to grow wealth while reducing liability. With current rents offering room for improvement, this is an ideal asset for buy-and-hold investors or value-add specialists seeking multiple income streams. Properties of this quality, price and potential rarely come to market.

Condition Rating
Good

Despite being built in 1947, the property has undergone extensive recent renovations exceeding $150,000, including updated wood flooring and kitchens, brand-new dual-pane windows, a newly poured foundation, and a repaired sewer lateral. This makes it a 'turnkey asset' with major systems updated and functional. While the description indicates significant improvements, the absence of interior photos, particularly of the kitchens and bathrooms, prevents a definitive 'Excellent' rating, as it's difficult to confirm if all components are virtually new and meet current high-end quality standards.
Pros & Cons

Pros

Diversified Income Streams: The property features four income-generating units (a triplex and a separate single-family home) on one parcel, providing multiple revenue streams and reducing vacancy risk.
Extensive Recent Renovations: Over $150,000 has been invested in recent upgrades, including updated wood flooring, kitchens, brand-new dual-pane windows, a new foundation, fresh exterior paint, and a repaired sewer lateral, making it a turnkey asset.
Opportunity Zone Designation: Located in a federally designated Opportunity Zone, this property offers significant tax advantages for investors, enhancing its overall financial appeal.
Enhanced Functional Space: The basement in the single-family home has been deepened to increase ceiling height, creating additional functional and comfortable living space.
Long-Term Appreciation Potential: Positioned for long-term appreciation and rental growth in Oakland, making it an ideal asset for buy-and-hold investors.

Cons

Sub-Optimal Current Rents: The description notes that 'current rents offering room for improvement,' indicating that immediate rental income may not be maximized and requires active management to reach market potential.
Recent Price Adjustment: The property has undergone a $20,000 price reduction from its original list price, which could suggest a need to attract buyers or an initial overestimation of market value.
Older Construction: Built in 1947, despite extensive renovations, the property's age may still present inherent challenges or require ongoing maintenance typical of older structures not covered by recent upgrades.

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