1600 E 31st St, Oakland, California 94602, Oakland, 94602 - bed, bath
ACTIVE$1,380,000
1600 E 31st St, Oakland, California 94602
0Bed
0Bath
Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: As a fourplex with three units capable of generating income, it offers a robust investment opportunity to offset expenses, explicitly stated as 'better than buying a single family home'.
Top Cons:
Property Age & Potential Maintenance: Built in 1958, the property is over 60 years old, suggesting potential for deferred maintenance or the need for significant capital expenditures on older systems in the non-vacant units.
Compared to the nearby listings
Price:$1.38M vs avg $1.11M (+$270,625)75%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1958 (67 years old).
Condition: The property was built in 1958, making it over 60 years old. While the description highlights that the vacant unit has a 'remodeled kitchen' and the images confirm updated kitchen and bathroom features (laminate flooring, modern vanity, glass shower door, mosaic backsplash), these updates appear to be more than 5 years old, possibly 10-15 years, given the white appliances and specific backsplash style. The overall property is a fourplex, and there is no information or imagery provided for the other three units, which are likely in an older, less updated condition consistent with the building's age. The exterior appears maintained but is clearly an older structure. Therefore, while the vacant unit is move-in ready, the overall property condition, considering its age and the probable condition of the other units, falls into the 'Fair' category, requiring minor updates or repairs in the other units and showing signs of being aged but maintained.
Year Built
1958
Close
-
List price
$1.38M
Original List price
$1.38M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41113329
Home ConditionFair
Features
View-
About this home
This fourplex is unique. Separate PG&E and water meters. You can occupy the vacant unit and have three other units to support expenses. Better than buying a single family home. The vacant unit has two bedrooms one bath, dining area and remodeled kitchen. Private backyard. Easy access to Freeway 580.
Condition Rating
Fair
The property was built in 1958, making it over 60 years old. While the description highlights that the vacant unit has a 'remodeled kitchen' and the images confirm updated kitchen and bathroom features (laminate flooring, modern vanity, glass shower door, mosaic backsplash), these updates appear to be more than 5 years old, possibly 10-15 years, given the white appliances and specific backsplash style. The overall property is a fourplex, and there is no information or imagery provided for the other three units, which are likely in an older, less updated condition consistent with the building's age. The exterior appears maintained but is clearly an older structure. Therefore, while the vacant unit is move-in ready, the overall property condition, considering its age and the probable condition of the other units, falls into the 'Fair' category, requiring minor updates or repairs in the other units and showing signs of being aged but maintained.
Pros & Cons
Pros
Strong Income Potential: As a fourplex with three units capable of generating income, it offers a robust investment opportunity to offset expenses, explicitly stated as 'better than buying a single family home'.
Owner-Occupant Advantage: The availability of a vacant unit allows a buyer to live on-site while benefiting from rental income, making it an attractive option for house hacking.
Individual Utility Metering: Separate PG&E and water meters for each unit simplify tenant billing and reduce landlord utility expenses and management overhead.
Updated Vacant Unit: The vacant unit features a remodeled kitchen and dining area, enhancing its appeal and potential rental value or owner-occupant comfort, along with a private backyard.
Excellent Accessibility: Easy access to Freeway 580 provides convenient commuting options, increasing desirability for tenants and owner-occupants.
Cons
Property Age & Potential Maintenance: Built in 1958, the property is over 60 years old, suggesting potential for deferred maintenance or the need for significant capital expenditures on older systems in the non-vacant units.
Limited Information on Occupied Units: The description lacks details regarding the condition, current rental income, or lease terms of the three occupied units, which is critical for assessing investment viability.
Absence of Parking Details: No mention of dedicated parking for a fourplex in an urban area like Oakland could be a significant drawback for tenants and the owner-occupant.