2141 94th Ave, Oakland, California 94603, Oakland, 94603 - bed, bath
ACTIVE$999,000
2141 94th Ave, Oakland, California 94603
0Bed
0Bath
Sqft
5,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Rent Control Exemption: Built in 2007, the complex is exempt from Oakland's rent control ordinances, offering significant flexibility in rental pricing and maximizing potential income for investors.
Top Cons:
Limited Buyer Pool: Being sold exclusively as a complete package deal significantly narrows the potential buyer pool to investors or those with substantial capital, which could impact market time or final sale price.
Compared to the nearby listings
Price:$999.0K vs avg $690.0K (+$309,000)86%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 2007 (18 years old).
Condition: This property was built in 2007, making it 17 years old, which falls within the 'good' category's 10-20 year build timeframe. The listing describes 'modern construction' with 'stone counters' and 'hardwood floors,' which are visible in the images and appear well-maintained. The kitchen features granite countertops and white appliances, while the bathrooms have tiled countertops and standard wood vanities. While these styles are consistent with a 2007 build and are clean and functional, they are not newly renovated to current 'excellent' standards. The property is move-in ready with no immediate renovation required, and major systems (central heating, separate laundry, water heaters) are likely within their expected lifespan, indicating good overall condition.
Year Built
2007
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41112053
Home ConditionGood
Features
View-
About this home
For sale: Entire 3-Unit condominium COMPLEX! Built in 2007 and exempt from rent control! Available exclusively to be purchased all together as a package deal. The front condo (2141) is a 3-bed, 2.5-bath, 1380sqft. The upstairs condo (2139) is a 3-bed, 2-bath, 982sqft. The rear condo (2137) is a 3-bed, 2.5-bath, 1537sqft. Grand total of 9 bedrooms, 6 full baths, 2 half baths, and 3,899 square feet of modern construction living space. All three condos feature stone counters, hardwood floors, and balconies. Each condo has separate laundry, central heating, water heaters, gas & electric meters, and attached garages sized to accommodate today’s modern vehicles. Since the complex is now being sold as a complete package, there’s an option here for you to buy the whole complex and then sell the units off individually. Don’t miss this rare opportunity to own a complete set of recently built condos exempt from rent control. Perfect for the savvy investor!
Condition Rating
Good
This property was built in 2007, making it 17 years old, which falls within the 'good' category's 10-20 year build timeframe. The listing describes 'modern construction' with 'stone counters' and 'hardwood floors,' which are visible in the images and appear well-maintained. The kitchen features granite countertops and white appliances, while the bathrooms have tiled countertops and standard wood vanities. While these styles are consistent with a 2007 build and are clean and functional, they are not newly renovated to current 'excellent' standards. The property is move-in ready with no immediate renovation required, and major systems (central heating, separate laundry, water heaters) are likely within their expected lifespan, indicating good overall condition.
Pros & Cons
Pros
Rent Control Exemption: Built in 2007, the complex is exempt from Oakland's rent control ordinances, offering significant flexibility in rental pricing and maximizing potential income for investors.
Modern Construction & Amenities: Constructed in 2007, the units feature modern construction with desirable finishes like stone counters, hardwood floors, and balconies, appealing to a broad tenant base and reducing immediate maintenance needs.
Multiple Income Streams: As a 3-unit condominium complex, it provides diversified income streams, enhancing investment stability and potential cash flow compared to single-unit properties.
Investment Flexibility: The property offers a unique opportunity to purchase the entire complex and then potentially sell off individual units, providing a strategic exit strategy or value-add opportunity.
Independent Unit Functionality: Each condo is fully independent with separate laundry, central heating, water heaters, gas & electric meters, and attached garages, simplifying management and increasing tenant desirability.
Cons
Limited Buyer Pool: Being sold exclusively as a complete package deal significantly narrows the potential buyer pool to investors or those with substantial capital, which could impact market time or final sale price.
Location Perception: The property's location on 94th Ave in Oakland may carry a perception of lower desirability or safety concerns compared to other Oakland neighborhoods, potentially affecting tenant quality or long-term appreciation.
Management Complexity: Managing three separate rental units, even with individual utilities, requires more time, effort, and expertise than a single-family home or duplex, potentially necessitating professional property management.