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1927 82nd Ave, Oakland, California 94621, Oakland, 94621 - bed, bath

1927 82nd Ave, Oakland, California 94621 home-pic-0
ACTIVE$699,000
1927 82nd Ave, Oakland, California 94621
0Bed
0Bath
Sqft
5,000Lot
Year Built
1961
Close
-
List price
$699K
Original List price
$749K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41118143
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(75th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).

Price Adjusted to $699k. This triplex brings in solid, predictable income with a 9.9% cap rate and about sixty nine thousand dollars in annual gross rent. All three units are occupied by long-term tenants, giving a buyer built-in stability from day one. The units sits behind a gated entry and includes three garage spaces plus three additional driveway parking spots, which is a rare bonus in this part of Oakland. It’s a straightforward investment for anyone looking for reliable returns, and it also leaves room for a future owner occupant who’s willing to navigate the city’s requirements. Arroyo Viejo neighborhood attracts residents who want value, convenience, and a neighborhood feel. It sits close to major transit routes, everyday services, parks, and community resources, making it easy for tenants to get where they need to go. This property won't last long. Contact agent for details! OFFER DATE 12/29/2025 by 12pm

Price History

Date
Event
Price
12/10/25
Price Change
$699,000-6.7%
11/24/25
Listing
$748,888
03/13/20
Sold
$750,000
05/07/12
Sold
$290,000
04/27/11
Sold
$255,000
10/28/10
Sold
$175,000
Condition Rating
Fair
Built in 1961, this property is over 60 years old. While functional, the kitchens and bathrooms are significantly outdated. Kitchens feature very dated light wood cabinets, laminate countertops, old linoleum flooring, and older white appliances. Bathrooms have dated vanities and some older tile work, though some have newer wood-look vinyl flooring. Some living areas show newer laminate flooring, but this is not consistent throughout. The property is maintained but has not undergone a major renovation in recent decades, requiring substantial cosmetic updates to meet current standards.
Pros & Cons

Pros

High Income Potential: The property boasts a strong 9.9% cap rate and approximately $69,000 in annual gross rent, indicating excellent cash flow and return on investment.
Stable Occupancy: All three units are occupied by long-term tenants, providing immediate and predictable income stability for a new owner.
Ample Parking: A rare bonus in Oakland, the property includes three garage spaces plus three additional driveway parking spots, enhancing tenant convenience and property value.
Desirable Neighborhood: Located in the Arroyo Viejo neighborhood, which attracts residents seeking value, convenience, and a community feel, with proximity to major transit, services, and parks.
Owner-Occupant Flexibility: The property offers potential for a future owner-occupant, providing flexibility for buyers looking to live in one unit while generating rental income from the others.

Cons

Property Age: Built in 1961, the property is over 60 years old, which may imply potential for aging infrastructure, deferred maintenance, or the need for future capital expenditures.
Owner-Occupant Requirements: While offering owner-occupant potential, the description notes a need to 'navigate the city’s requirements,' which could involve complex or restrictive processes.
Potential for Below Market Rents: The presence of long-term tenants, while providing stability, often means rents may be below current market rates, limiting immediate income upside without tenant turnover or significant upgrades.

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