
Oakland, California 94621
This triplex represents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $734,504 Fair Market Value by 4%. This valuation gap offers $35,504 in Instant Equity for investors. Featuring a Fair Condition Rating, the property requires capital improvements to modernize its 1961 infrastructure. With three dedicated parking spaces and immediate rental income, this asset is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term equity growth in the Oakland market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1927 82nd Ave Subject 0 bd · 0 ba · 3,384 sqft · $217 | $699,000* List Price | 0 | 0 | 3,384 | $217 | - |
A 1602 87th Avenue Sold 0 bd · 0 ba · 2,302 sqft · $229 · 0.5 mi | $528,000 | 0 | 0 | 2,302 | $229 | 0.5 mi |
B 1669 85th Avenue Active 0 bd · 0 ba · 3,152 sqft · $253 · 0.3 mi | $799,000 List Price | 0 | 0 | 3,152 | $253 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961 (63 years old) with no mention of recent renovations. Exterior images reveal significant deferred maintenance, including peeling paint on the eaves, cracked concrete in the yard, and dilapidated fencing. The listing's focus on 'investor opportunity' and 'future upside' typically indicates that kitchens, bathrooms, and systems are outdated and require a full rehab to meet modern standards.
As a fully tenant-occupied triplex, this property provides investors with immediate cash flow and the potential for long-term equity growth in a high-demand rental market.
The inclusion of three dedicated parking spaces is a significant competitive advantage in Oakland, enhancing tenant desirability and adding substantial value to the multi-unit configuration.
Currently listed at $699,000—notably below its 2020 sale price of $750,000—this property represents a strategic entry point for investors seeking a value-add opportunity.
Existing tenancies may limit the immediate ability to perform major renovations or transition units to market-rate rents, requiring careful navigation of local Oakland rent control regulations.
Built in 1961, the property likely requires capital expenditures for systems updates or cosmetic improvements to remain competitive and minimize long-term maintenance costs.
Opportunity knocks in Oakland! This tenant-occupied triplex offers a compelling opportunity for investors looking to add a multi-unit property to their portfolio. The property features three separate units, six bedrooms, three bathrooms, approximately 3,384 square feet of living space, and a 5,000-square-foot lot. Three dedicated parking spaces are an added bonus in a market where off-street parking is highly valued. With existing tenants in place, this property offers the potential for immediate rental income while providing an opportunity to build long-term equity. Located near major transportation routes, shopping, dining, schools, and everyday conveniences, 1927 82nd Avenue is a property worth a closer look for investors seeking income and future upside in Oakland.
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 | 3,384 | 2,403.227 |
| Lot Size | 5,000 | 4,461.364 |
| Price | $699.0K | $900.8K |
| Price per sq ft | $207 | $343 |
| Built year | 1961 | 1919 |
| HOA | $0 | $0 |
| Days on market | 24 | 67 |
Oct 1, 2026
$699,000
Initial Listing
Mar 13, 2020
$750,000
Public Record
May 7, 2012
$290,000
Public Record
Apr 27, 2011
$255,000
Public Record
Oct 28, 2010
$175,000
Public Record