
Oakland, California 94603
This Mixed-Use Triplex represents a Strong Value Opportunity, listed at $650,000—positioned well below the $698,104 Fair Market Value by 6%. This valuation gap offers $48,104 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property includes two residential units and a turnkey commercial laundromat with high-efficiency equipment. Its strategic location near Elmhurst Middle School and separate metering ensures stable management. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset.
Property is move-in ready.
While built in 1933, the property is described as well-maintained with 'like-new' commercial equipment and separately metered systems. Interior photos show updated laminate flooring and clean paint, suggesting a renovation within the 5-15 year range, making it move-in ready for both residential and commercial use.
This mixed-use triplex offers a unique combination of two residential apartments and a commercial laundromat, providing investors with multiple and varied revenue sources.
The laundromat is equipped with high-efficiency Dexter machinery in like-new condition, significantly reducing immediate capital expenditure for a new owner-operator or lessor.
Positioned across from Elmhurst Middle School with high visibility, the property features separate metering for all units and dedicated off-street parking, simplifying management and enhancing tenant desirability.
Due to the size and nature of the commercial laundromat component, the property requires non-residential financing, which may involve stricter lending criteria and higher interest rates than standard residential loans.
Built in 1933, the nearly century-old structure may require more frequent maintenance or modern upgrades to its core systems compared to newer investment properties.
This well-maintained mixed-use asset consists of two residential apartments, plus an attractive commercial laundromat. The real estate is favorably situated in the vibrant Cox/Iveywood neighborhood within the Oakland foothills, right across the street from Elmhurst Middle School and two short blocks from Verdese Carter Park. All three units are separately metered, and the apartments each feature separate private entrances with dedicated off-street parking. The laundromat includes high efficiency Dexter equipment in excellent/like-new condition. The laundromat is available for a new owner to operate directly or lease to a third party operator. Due to size of laundromat, non-residential financing will be required.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,763 | 2,530.25 |
| Lot Size | 4,823 | 4,390.625 |
| Price | $650.0K | $918.2K |
| Price per sq ft | $235 | $343 |
| Built year | 1933 | 1921 |
| HOA | $0 | $0 |
| Days on market | 41 | 66 |
Jul 30, 2026
$650,000
Initial Listing
Apr 16, 2012
$153,500
Public Record
Aug 30, 2006
$403,090
Public Record