
Oakland, California 94621
This Duplex Residential Income property is a High-Potential Investment Opportunity, listed at $749,000—positioned well below the $758,715 Fair Market Value by 1%. This valuation gap offers $9,715 in Instant Equity. Featuring a Good Condition Rating with modern kitchen and bath renovations, the property provides stable cash flow via two 4-bedroom units on an oversized lot. With separate metering and minimal deferred maintenance, this is an ideal asset for Buy-and-Hold Investors or Owner-Occupants seeking a turn-key, income-generating property in a high-demand transit-accessible location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1336 83rd Ave Subject | $749,000* List Price | 0 | 0 | 3,044 | $249 | - |
A 1543 Havenscourt Blvd Sold | $620,000 | 0 | 0 | 2,694 | $230 | 0.9 mi |
B 1669 85th Avenue Active | $850,000 List Price | 0 | 0 | 3,152 | $270 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1907 original build date, the property has undergone significant renovations that place it in the 'Good' category. The kitchen features modern stainless steel appliances, stone countertops, and recessed lighting, while the bathrooms have been updated with contemporary vanities, toilets, and tile work. The interior finishes, including the flooring, appear to be from a renovation within the last 5-15 years, and the listing confirms separate metering and minimal deferred maintenance.
With a 6.89% cap rate and market-rate rents, this property offers immediate cash flow and low operating expenses thanks to separate metering for electric, gas, and water.
The rare setup of two detached four-bedroom houses on a single oversized lot provides excellent privacy for tenants and ample parking, ensuring high rental demand.
The property is in excellent condition with minimal deferred maintenance, offering a low-maintenance, move-in ready opportunity for either an investor or an owner-occupant.
The assigned public schools have very low ratings, ranging from 1 to 3 out of 10, which may deter families who prioritize high-performing educational districts.
Located in a high-density area of East Oakland near major transit hubs, the property may be subject to higher noise levels and typical urban environment concerns.
Two houses on one parcel with excellent cash flow. The current cap rate is 6.89% and the current GRM is 10.58. The unit mix is ideal and offers 4 bedrooms and 2 bathrooms in each house. The property was originally built in 1907, offers 3,044 square feet of rental space, and sits on an oversized 9,750 square foot lot with room for parking for all tenants. The property is 100% occupied with stable tenants paying market rent but will also make an amazing investment opportunity for an owner-occupant. The property is easy to manage and is separately metered for electric, gas, and water providing for low annual operating expenses. The exterior and interior are in great condition with very little deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a high demand Oakland location near many restaurants, shopping options, parks, schools, and easy access to BART and public transportation. The property is located in a high demand location with convenient access to neighborhood restaurants, coffee shops, shopping centers, a variety of schools and BART. Public transportation is readily accessible throughout the surrounding area, with multiple AC Transit routes operating nearby. The Coliseum BART Station is nearby offering easy access to Downtown Oakland, Berkeley, San Francisco, and all major cities across the East Bay.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,044 | 2,530.25 |
| Lot Size | 9,750 | 4,390.625 |
| Price | $749.0K | $918.2K |
| Price per sq ft | $246 | $343 |
| Built year | 1907 | 1921 |
| HOA | $0 | $0 |
| Days on market | 7 | 66 |
Sep 2, 2026
$749,000
Initial Listing
Aug 28, 2017
$104,254
Public Record
Sep 7, 2012
$208,500
Public Record
Jul 29, 2004
$510,000
Public Record