1427 65th Ave, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE UNDER CONTRACT$550,000
1427 65th Ave, Oakland, California 94621
0Bed
0Bath
Sqft
6,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: This is a 4-unit multifamily property (Quadruplex), explicitly marketed as income-generating real estate, offering multiple revenue streams.
Top Cons:
Extensive Renovation Required: The property 'needs some updating' and requires a buyer 'willing to roll up their sleeves,' indicating significant capital expenditure and effort for improvements.
Compared to the nearby listings
Price:$550.0K vs avg $602.5K ($-52,500)38%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property is explicitly described as needing 'extensive renovation' and is a 'blank canvas' for improvements. The kitchen features very old, worn wooden cabinets, dated yellow laminate countertops, and older appliances, indicating a complete overhaul is needed. The interior spaces show heavily worn, outdated green carpets and basic, old light fixtures. While not a tear-down, the property requires substantial repairs and rehabilitation to be livable and comfortable, aligning with the 'poor' condition criteria.
Year Built
1947
Close
-
List price
$550K
Original List price
$599K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41095804
Home ConditionPoor
Features
Patio
View-
About this home
Attention investors and buyers looking to build equity! This 4-unit multifamily property in East Oakland, just off International Blvd, is the lowest-priced 4-plex on the market—a rare opportunity to own income-generating real estate at an accessible price point. While the property needs some updating, it's perfect for someone willing to roll up their sleeves and add value through improvements. Bedrooms for 2 of the units differ from tax record Think of it as a blank canvas with built-in income potential. East Oakland is known for its strong rental base, and this area continues to attract long-term tenants due to its proximity to public transit, major thoroughfares, and community amenities. With four separate units, you can live in one and rent out the rest.
Condition Rating
Poor
Built in 1947, this property is explicitly described as needing 'extensive renovation' and is a 'blank canvas' for improvements. The kitchen features very old, worn wooden cabinets, dated yellow laminate countertops, and older appliances, indicating a complete overhaul is needed. The interior spaces show heavily worn, outdated green carpets and basic, old light fixtures. While not a tear-down, the property requires substantial repairs and rehabilitation to be livable and comfortable, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: This is a 4-unit multifamily property (Quadruplex), explicitly marketed as income-generating real estate, offering multiple revenue streams.
Competitive Pricing: Positioned as the 'lowest-priced 4-plex on the market,' it presents an accessible entry point for investors and potential for strong returns.
Value-Add Opportunity: Described as a 'blank canvas' perfect for adding value through improvements, appealing to investors seeking to build equity.
Strong Rental Market Location: Located in East Oakland, an area known for its strong rental base, proximity to public transit, major thoroughfares, and community amenities, attracting long-term tenants.
Owner-Occupancy Potential: The property offers the flexibility for an owner to live in one unit while renting out the other three, offsetting mortgage costs.
Cons
Extensive Renovation Required: The property 'needs some updating' and requires a buyer 'willing to roll up their sleeves,' indicating significant capital expenditure and effort for improvements.
Age of Property: Built in 1947, the property is older, which may imply outdated systems, potential for deferred maintenance, and less modern layouts.
Tax Record Discrepancy: The number of bedrooms for 2 of the units differs from tax records, which could lead to appraisal issues, financing complications, or legal compliance concerns.