
Oakland, California 94603
This mixed-use triplex represents a High-Potential Investment Opportunity, listed at a List Price of $650,000, which aligns with the $650,000 Fair Market Value. Featuring a Condition Rating of 3, the property includes two residential units and a commercial laundromat with high-efficiency equipment. The asset benefits from separate metering and a strategic location near Elmhurst Middle School. This stable, income-producing Residential Income asset is ideal for Buy-and-Hold Investors or Commercial Real Estate Developers seeking a diversified revenue stream in a high-traffic Oakland neighborhood.
Property is move-in ready.
Although built in 1933, the property shows evidence of significant recent renovations. The kitchen features a modern undermount workstation sink and quartz countertops typical of updates within the last 5-10 years. The commercial component includes like-new high-efficiency equipment, and the separate metering suggests updated electrical and plumbing systems. The overall condition is well-maintained and move-in ready.
This mixed-use triplex offers a stable revenue model by combining two residential apartments with a commercial laundromat, providing multiple streams of income and risk mitigation.
All three units are separately metered and the laundromat features high-efficiency Dexter equipment in excellent condition, significantly reducing owner oversight and utility management overhead.
Situated directly across from Elmhurst Middle School and near Verdese Carter Park, the property benefits from high visibility and consistent foot traffic, which is ideal for the commercial component.
Due to the significant commercial footprint of the laundromat, traditional residential financing is not available, requiring buyers to secure more complex non-residential or commercial loans.
The $650,000 list price covers the real estate only; the operating laundromat business requires a separate purchase, which may increase the total capital investment and due diligence required.
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 $650,000 real estate offering includes two residential units and commercial laundromat space. The separately owned, fully equipped operating laundromat business is also being offered for sale, creating an opportunity to acquire the income-producing real estate and operating business together. Alternatively, the real estate may be acquired with the laundromat remaining as a long-term NNN tenant. The laundromat business has its own asking price and is not included in the $650,000 real estate offering. Laundromat business information is available to qualified prospective purchasers. 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 | 2,403.227 |
| Lot Size | 4,823 | 4,461.364 |
| Price | $650.0K | $900.8K |
| Price per sq ft | $235 | $343 |
| Built year | 1933 | 1919 |
| HOA | $0 | $0 |
| Days on market | 86 | 67 |
Jul 30, 2026
$650,000
Initial Listing
Apr 16, 2012
$153,500
Public Record
Aug 30, 2006
$403,090
Public Record