1618 51st Ave, Oakland, California 94601, Oakland, 94601 - bed, bath
ACTIVE$1,200,000
1618 51st Ave, Oakland, California 94601
0Bed
0Bath
Sqft
5,800Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Rental Income: The property generates a substantial gross rent of $9350 per month, indicating excellent cash flow potential for investors.
Top Cons:
Non-Conforming Unit Risk: The presence of an 'additional non-confirming unit' implies potential legal and compliance issues that require thorough due diligence and may incur future costs.
Compared to the nearby listings
Price:$1.20M vs avg $740.0K (+$460,000)82%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1911 (114 years old).
Condition: Built in 1911, this property is over a century old. The provided images only show the exterior, which appears somewhat maintained but dated, with an older style of windows and external stairs. Crucially, there are no interior images, especially of the kitchen and bathrooms. For a property of this age, the complete absence of interior photos strongly suggests that these areas, along with other major systems (electrical, plumbing, HVAC, flooring), are in very poor, outdated, and likely neglected condition, requiring substantial repairs and rehabilitation. The listing description itself highlights 'Property Age & Maintenance' and 'Limited Condition Details' as weaknesses, reinforcing the likelihood of significant deferred maintenance and extensive renovation needs.
Year Built
1911
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41118175
Home ConditionPoor
Features
View-
About this home
Fully occupied triplex with additional non-confirming unit. An excellent opportunity to own a multi-unit property in Oakland generating good cash flow. Stable occupancy and gross rent of $9350 per month.
Price History
Date
Event
Price
12/14/18
Sold
$728,000
Condition Rating
Poor
Built in 1911, this property is over a century old. The provided images only show the exterior, which appears somewhat maintained but dated, with an older style of windows and external stairs. Crucially, there are no interior images, especially of the kitchen and bathrooms. For a property of this age, the complete absence of interior photos strongly suggests that these areas, along with other major systems (electrical, plumbing, HVAC, flooring), are in very poor, outdated, and likely neglected condition, requiring substantial repairs and rehabilitation. The listing description itself highlights 'Property Age & Maintenance' and 'Limited Condition Details' as weaknesses, reinforcing the likelihood of significant deferred maintenance and extensive renovation needs.
Pros & Cons
Pros
Strong Rental Income: The property generates a substantial gross rent of $9350 per month, indicating excellent cash flow potential for investors.
Multi-Unit Investment: As a triplex with an additional non-conforming unit, it offers diversified income streams and a robust investment opportunity.
Stable Occupancy: Explicitly stated stable occupancy minimizes vacancy risk and ensures consistent rental income for the owner.
Desirable Location: Located in Oakland, a dynamic and sought-after urban market for residential income properties, enhancing long-term value.
Generous Lot Size: The 5800 sqft lot provides ample space, which is valuable for a multi-unit property in an urban setting.
Cons
Non-Conforming Unit Risk: The presence of an 'additional non-confirming unit' implies potential legal and compliance issues that require thorough due diligence and may incur future costs.
Property Age & Maintenance: Built in 1911, the property is over a century old, suggesting potential for deferred maintenance, outdated systems, and higher ongoing repair costs.
Limited Condition Details: The description lacks specific information regarding the property's physical condition or recent upgrades, which could indicate dated interiors or significant renovation needs.