1317 83rd Ave, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE$1,145,000
1317 83rd Ave, Oakland, California 94621
0Bed
0Bath
Sqft
8,378Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income Generation: The property boasts a significant annual income of $135,000 ($11,250 monthly), positioning it as a robust income-producing asset.
Top Cons:
Restricted Interior Access: The 'subject to interior inspection' clause implies limited access for pre-offer viewing, which can create uncertainty for potential buyers regarding the true interior condition.
Compared to the nearby listings
Price:$1.15M vs avg $647.5K (+$497,500)88%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1925 (100 years old).
Condition: Despite its 1925 build year, the property has undergone extensive renovations, including updated kitchens with modern cabinetry, stainless steel appliances (refrigerator), remodeled bathrooms, and durable laminate flooring throughout. Dual-pane windows and fresh paint contribute to a move-in ready condition. The updates are functional, clean, and well-maintained, requiring no immediate renovations, aligning with a 'good' condition score.
Year Built
1925
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41101077
Home ConditionGood
Features
View-
About this home
monthly income is $11,250. or $135,000. per year. INCREDIBLE INVESTMENT OPORTUNITY. more than $150,000.00 in renovations. well maintained and remodeled units. updated kitchens with modern cabinetry, bathrooms, durable laminated flooring and fresh paint inside and out. dual pane windows, parking and play areas for kids is plentiful. separately metered for tenant's convenience, write your offers subject to interior inspection.
Condition Rating
Good
Despite its 1925 build year, the property has undergone extensive renovations, including updated kitchens with modern cabinetry, stainless steel appliances (refrigerator), remodeled bathrooms, and durable laminate flooring throughout. Dual-pane windows and fresh paint contribute to a move-in ready condition. The updates are functional, clean, and well-maintained, requiring no immediate renovations, aligning with a 'good' condition score.
Pros & Cons
Pros
Exceptional Income Generation: The property boasts a significant annual income of $135,000 ($11,250 monthly), positioning it as a robust income-producing asset.
Extensive Modern Upgrades: Over $150,000 in recent renovations ensures updated kitchens with modern cabinetry, remodeled bathrooms, new laminated flooring, and fresh paint, minimizing immediate capital expenditures.
Proactive Maintenance & Condition: Described as 'well maintained,' the property's upkeep suggests a lower likelihood of deferred maintenance issues for a new owner.
Operational Efficiency & Tenant Amenities: Separately metered units simplify tenant billing, while dual-pane windows enhance energy efficiency. Plentiful parking and play areas add value for tenants.
Recent Price Adjustment: A recent price reduction from $1,195,000 to $1,145,000 indicates a potential opportunity for buyers to acquire the property at a more competitive valuation.
Cons
Restricted Interior Access: The 'subject to interior inspection' clause implies limited access for pre-offer viewing, which can create uncertainty for potential buyers regarding the true interior condition.
Age of Structure: Built in 1925, the property's age, despite renovations, may still present underlying challenges related to original structural components, plumbing, or electrical systems that could require future attention.
Neighborhood Perception: The East Oakland location, while offering investment potential, may be perceived by some as having challenges related to crime rates or school quality, which could influence tenant demographics or long-term property value growth.