1927 82nd Ave, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE$699,950
1927 82nd Ave, Oakland, California 94621
0Bed
0Bath
Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as an 'Outstanding Investment Opportunity' with 'excellent income potential,' 'cash-flowing property,' and 'strong upside potential,' ideal for both first-time and seasoned investors.
Top Cons:
Property Age & Potential System Obsolescence: Built in 1961, the property's core infrastructure (e.g., plumbing, electrical, roof) is over 60 years old, potentially leading to higher long-term maintenance costs or the need for significant capital expenditures.
Compared to the nearby listings
Price:$700.0K vs avg $647.5K (+$52,450)75%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1961 (64 years old).
Condition: The property was built in 1961, making it over 60 years old. While the description states 'updated kitchen and bathroom' and 'modern flooring,' the visual evidence suggests these updates are functional and well-maintained but not recent or high-end. The kitchen features dark, somewhat dated cabinets and black appliances, which are not consistent with current modern styles. The bathrooms appear clean and functional but lack contemporary design elements. The flooring (laminate and tile) is practical but not luxurious. This aligns with a property that is aged but maintained through regular upkeep and occasional updates, where major components are functional but show signs of being outdated, fitting the 'Fair' condition criteria.
Year Built
1961
Close
-
List price
$700K
Original List price
$699K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41103825
Home ConditionFair
Features
View-
About this home
Outstanding Investment Opportunity. Ideal for First-Time or Seasoned Investors. This spacious triplex offers nearly 3,400 square feet of well-maintained living space and excellent income potential. The property includes: One 3-bedroom, 2-bath unit spanning over 1,300 sq ft and two 2-bedroom, 1-bath units, each approximately 1,000 sq ft. Each unit features a generous living room, updated kitchen and bathroom, modern flooring, a dedicated one-car garage, and an additional parking space. A shared laundry room equipped with coin-operated machines provides additional monthly income. This is a cash-flowing property with 20% down and still room for rent increases, offering strong upside potential. With a cap rate of 7.4% and an extremely motivated seller, this is a prime opportunity to add a solid performing property to your portfolio. Don’t miss out on this exceptional investment. Sewer Lateral compliant.
Condition Rating
Fair
The property was built in 1961, making it over 60 years old. While the description states 'updated kitchen and bathroom' and 'modern flooring,' the visual evidence suggests these updates are functional and well-maintained but not recent or high-end. The kitchen features dark, somewhat dated cabinets and black appliances, which are not consistent with current modern styles. The bathrooms appear clean and functional but lack contemporary design elements. The flooring (laminate and tile) is practical but not luxurious. This aligns with a property that is aged but maintained through regular upkeep and occasional updates, where major components are functional but show signs of being outdated, fitting the 'Fair' condition criteria.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as an 'Outstanding Investment Opportunity' with 'excellent income potential,' 'cash-flowing property,' and 'strong upside potential,' ideal for both first-time and seasoned investors.
High Capitalization Rate: A reported 7.4% capitalization rate indicates a robust return on investment, making it an attractive option for income-focused buyers.
Diverse & Spacious Unit Mix: The triplex offers nearly 3,400 sq ft across a 3-bed/2-bath unit and two 2-bed/1-bath units, providing flexibility to attract a wide range of tenants and maximize occupancy.
Updated Units with Dedicated Parking: Each unit features updated kitchens and bathrooms, modern flooring, a dedicated one-car garage, and an additional parking space, enhancing tenant appeal and retention.
Additional Income & Compliance: Includes a shared coin-operated laundry room for supplementary income and is 'Sewer Lateral compliant,' reducing future liabilities and maintenance concerns.
Cons
Property Age & Potential System Obsolescence: Built in 1961, the property's core infrastructure (e.g., plumbing, electrical, roof) is over 60 years old, potentially leading to higher long-term maintenance costs or the need for significant capital expenditures.
Price Volatility in Listing History: The recent listing price fluctuations (from $698,950 up to $789,950 and back to $699,950) may suggest market uncertainty or a seller testing pricing, which could raise questions for potential buyers.
Limited Information on Building-Wide System Upgrades: While individual units are updated, the description lacks specific details on major building-wide system upgrades (e.g., roof, main plumbing/electrical), which are crucial considerations for a property of this age.