1434 47th Ave, Oakland, California 94601, Oakland, 94601 - bed, bath
ACTIVE$840,000
1434 47th Ave, Oakland, California 94601
0Bed
0Bath
Sqft
5,840Lot
Year Built
1900
Close
-
List price
$840K
Original List price
$840K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41086012
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $840.0K(64th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
Legal 3plex with additional 4 non conforming units. Property in need of TLC
Price History
Date
Event
Price
02/14/25
Listing
$840,000
Condition Rating
Poor
Built in 1900, the property is explicitly described as 'in need of TLC' and requiring 'extensive renovation.' The property analysis confirms 'age-related system obsolescence' for major infrastructure like plumbing, electrical, and roofing. The exterior images show a very dated and worn building with security bars, indicating significant deferred maintenance. Without interior photos, it's highly probable that the kitchen, bathrooms, and other interior components are severely outdated, show significant wear, and require substantial repairs and rehabilitation to be functional and comfortable.
Pros & Cons
Pros
Significant Income Potential: The property is a legal 3-plex with an additional 4 non-conforming units, offering substantial rental income streams and a high unit count for its footprint.
Value-Add Investment Opportunity: Described as 'in need of TLC,' this property presents a prime opportunity for an investor to significantly increase its value through strategic renovations and property management improvements.
Desirable Urban Location: Located in Oakland's Fruitvale neighborhood, an area known for its vibrant community, strong rental demand, and potential for appreciation.
Multi-Unit Configuration: As a 'Residential Income' property and 'Triplex' with additional units, it maximizes revenue-generating capacity per lot, appealing to investors seeking cash flow.
Generous Lot Size: The 5840 sq ft lot provides ample space, potentially allowing for outdoor amenities, additional parking, or future development opportunities (subject to zoning and permits).
Cons
Extensive Renovation Required: The property is explicitly stated to be 'in need of TLC,' indicating significant deferred maintenance and potentially high renovation costs to bring it to modern standards and maximize rental value.
Legal Risks with Non-Conforming Units: The presence of 'additional 4 non conforming units' poses legal and regulatory challenges, potential for code violations, and uncertainty regarding their future use or legalization.
Age-Related System Obsolescence: Built in 1900, the property likely has outdated infrastructure including plumbing, electrical, and roofing systems that will require substantial investment for modernization, safety, and efficiency.