2221 80th Ave, Oakland, California 94605, Oakland, 94605 - bed, bath
ACTIVE$549,900
2221 80th Ave, Oakland, California 94605
0Bed
0Bath
Sqft
6,345Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Dual-Unit Property: A rare opportunity featuring two homes on one lot, offering exceptional flexibility for multi-generational living or significant income generation through rental.
Top Cons:
Low School Ratings: Several nearby schools have low ratings (1s and 2s), which could be a significant deterrent for families prioritizing highly-rated educational institutions.
Compared to the nearby listings
Price:$549.9K vs avg $730.0K ($-180,100)23%
Size: sqft vs avg 1,415 sqft3%
Price/sqft:$0 vs avg $5113%
More Insights
Built in 1938 (87 years old).
Condition: Built in 1938, the property has received recent cosmetic updates such as fresh interior/exterior paint and new laminate flooring in some living areas. However, the kitchens and bathrooms are significantly dated, featuring tiled countertops, older cabinets, wood paneling in the kitchen, basic white appliances, and older tiled bathrooms. While livable, these key areas require substantial updates to meet current quality and style standards, aligning with a 'fair' condition.
Year Built
1938
Close
-
List price
$550K
Original List price
$575K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41116113
Home ConditionFair
Features
View-
About this home
Rare Opportunity! Two Homes on One Lot! Perfect for multi-generational living or an ideal investment opportunity. Live in one and rent out the other to offset your mortgage or invest in both for strong rental income. Both units are well-positioned on a spacious lot, offering privacy and flexibility; freshly Painted Interior & Exterior. Conveniently located near schools, public transportation, shopping centers and all essential amenities. Motivated Seller! Don't miss it!
Nearby schools
3/10
East Oakland Pride Elementary School
Public,•K-5•0.3mi
2/10
Markham Elementary School
Public,•K-5•0.5mi
3/10
Parker Elementary School
Public,•K-8•0.4mi
2/10
Frick Middle School
Public,•6-8•0.9mi
1/10
Castlemont High
Public,•9-12•0.5mi
2/10
Fremont High
Public,•9-12•2.3mi
2/10
Oakland International High School
Public,•9-12•6.9mi
Condition Rating
Fair
Built in 1938, the property has received recent cosmetic updates such as fresh interior/exterior paint and new laminate flooring in some living areas. However, the kitchens and bathrooms are significantly dated, featuring tiled countertops, older cabinets, wood paneling in the kitchen, basic white appliances, and older tiled bathrooms. While livable, these key areas require substantial updates to meet current quality and style standards, aligning with a 'fair' condition.
Pros & Cons
Pros
Dual-Unit Property: A rare opportunity featuring two homes on one lot, offering exceptional flexibility for multi-generational living or significant income generation through rental.
Investment Potential: The property is explicitly marketed as an ideal investment opportunity with strong rental income potential, allowing buyers to offset mortgages or generate substantial returns.
Recent Cosmetic Updates: Both the interior and exterior have been freshly painted, providing immediate aesthetic appeal and reducing initial renovation costs for the new owner.
Price Reduction & Motivated Seller: A recent price drop from $575,000 to $549,900, coupled with a 'Motivated Seller' indication, suggests a potential for negotiation and a favorable buying opportunity.
Convenient Location: Strategically located near schools, public transportation, shopping centers, and essential amenities, enhancing daily convenience and accessibility for residents.
Cons
Low School Ratings: Several nearby schools have low ratings (1s and 2s), which could be a significant deterrent for families prioritizing highly-rated educational institutions.
Age of Property: Built in 1938, the property is an older home, which may imply potential for outdated systems (e.g., plumbing, electrical, HVAC) or require significant capital expenditures for modernization beyond cosmetic updates.
Limited Unit Details: The description lacks specific information regarding the individual units (e.g., number of bedrooms/baths, square footage per unit), making it challenging for buyers to fully assess the income potential or suitability for multi-generational living without further inquiry.