1432 8th Avenue, Oakland, California 94606, Oakland, 94606 - 3 bed, 3 bath
ACTIVE$299,888
1432 8th Avenue, Oakland, California 94606
3Beds
3Baths
1,130Sqft
1,128.2Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Turnkey Investment Package: Five newly constructed (2022) condo units offered as a single investment package, explicitly designed for consistent cash flow for seasoned investors.
Top Cons:
Exclusive Investor Requirement: The property is strictly offered as a five-unit package to investors only, severely narrowing the potential buyer pool and marketability.
Compared to the nearby listings
Price:$299.9K vs avg $412.0K ($-112,112)25%
Size:1,130 sqft vs avg 1,135 sqft50%
Price/sqft:$265 vs avg $38325%
More Insights
Built in 2022 (3 years old).
Condition: This property was built in 2022, making it virtually new construction. The MLS description highlights 'beautifully updated' and 'meticulously designed' units with recessed lighting, heating, air conditioning, open concept layouts, quartz countertops, and custom cabinetry. The images confirm these details, showcasing modern kitchens with new shaker-style cabinets, quartz countertops, and stainless steel appliances. Bathrooms feature contemporary tiling and fixtures. The flooring is consistent, modern LVP throughout, and recessed lighting is prevalent. All components appear new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Year Built
2022
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$265
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025780
Home ConditionExcellent
Features
View-
About this home
Five condo units must be sold together as a package (not separately) to an investor ONLY! The total price for all five units is $1,500,000, which is equivalent to $300,000 per unit. A rare opportunity to acquire this beautifully updated 5 condos (3BR/3BA, 3BR/2BA, 2BR/2BA, 3BR/2BA, 2BR/1BA) project located in a gated community just east of Lake Merritt. Meticulously designed with recessed lighting, heating, air conditioning, and open concept layouts tailored for modern living. The kitchens feature quartz countertops and custom cabinetry. Spacious primary bathrooms. Convenient parking is available at the back of the property. Ideally situated near the vibrant International Blvd business corridor and within walking distance to BART, restaurants, grocery stores, schools, parks, and more. This rare investment opportunity is perfect for seasoned investors seeking consistent cash flow!
Condition Rating
Excellent
This property was built in 2022, making it virtually new construction. The MLS description highlights 'beautifully updated' and 'meticulously designed' units with recessed lighting, heating, air conditioning, open concept layouts, quartz countertops, and custom cabinetry. The images confirm these details, showcasing modern kitchens with new shaker-style cabinets, quartz countertops, and stainless steel appliances. Bathrooms feature contemporary tiling and fixtures. The flooring is consistent, modern LVP throughout, and recessed lighting is prevalent. All components appear new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons
Pros
Turnkey Investment Package: Five newly constructed (2022) condo units offered as a single investment package, explicitly designed for consistent cash flow for seasoned investors.
Modern Design & Amenities: Each unit boasts contemporary open-concept layouts, recessed lighting, heating, air conditioning, quartz countertops, and custom cabinetry, appealing to modern tenants.
Strategic Urban Location: Situated in a gated community near Lake Merritt, with excellent walkability to BART, dining, shopping, and the vibrant International Blvd business corridor.
Diverse Unit Portfolio: The package includes a mix of 2-bedroom and 3-bedroom units with varying bathroom counts (2BR/1BA to 3BR/3BA), catering to a broad tenant demographic.
On-Site Parking: Convenient parking available at the rear of the property adds significant value and tenant appeal in an urban setting.
Cons
Exclusive Investor Requirement: The property is strictly offered as a five-unit package to investors only, severely narrowing the potential buyer pool and marketability.
High Entry Capital: The mandatory purchase of all five units at $1,500,000 requires substantial upfront capital, potentially deterring some investors.
Absence of Income/Expense Data: Critical financial details such as current rental income, operating expenses, or individual unit square footage are not provided, necessitating extensive due diligence for investors.