2222 Inyo Ave, Oakland, California 94601, Oakland, 94601 - 5 bed, 2 bath
ACTIVE$750,888
2222 Inyo Ave, Oakland, California 94601
5Beds
2Baths
2,566Sqft
7,160Lot
Year Built
1916
Close
-
List price
$751K
Original List price
$751K
Price/Sqft
$293
HOA
-
Days on market
-
Sold On
-
MLS number
41082572
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,5 Pros. Rank: price - $750.9K(83th), sqft - 2566(98th), beds - 5(97th), baths - 2(53th).
Driveway leading to the large empty lot, approximately 3,000 ft. Rare single-family home investment opportunity perfect for an owner-occupant or investor seeking high cash flow. Handyman Special with Huge Potential! Tucked away on a quiet court. Don't miss this chance to create value and build equity in a desirable neighborhood. AS-IS, Sale
Price History
Date
Event
Price
01/16/25
Listing
$750,888
Condition Rating
Poor
Built in 1916, this property is explicitly marketed as a 'Handyman Special' and 'AS-IS, Sale,' indicating a need for substantial repairs and rehabilitation. The exterior image shows significant deferred maintenance, including peeling paint, worn stairs, and an unkempt yard. While no interior images are provided, the age of the home and the listing description strongly suggest that the kitchen, bathrooms, and other major systems are severely outdated and require extensive renovation. The property likely has significant defects and would be uncomfortable to live in its current state, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Investment Opportunity: This property is explicitly marketed as a rare investment opportunity, perfect for an owner-occupant or investor seeking high cash flow potential.
Generous Lot Size: With a 7160 sqft lot, including a large empty lot of approximately 3,000 sqft, there is significant potential for expansion, landscaping, or additional structures.
Spacious Interior: Offering 5 bedrooms and 2 bathrooms across 2566 sqft, the home provides ample living space for a large family or multiple tenants.
Desirable Neighborhood: Located in a 'desirable neighborhood' and 'tucked away on a quiet court,' suggesting a pleasant and potentially appreciating area.
Value Creation Potential: The property offers a clear chance to create significant value and build equity through renovation and improvement, appealing to buyers looking for a project.
Cons
Handyman Special Condition: Described as a 'Handyman Special,' indicating the property requires substantial repairs, renovations, and updates, which will incur significant costs and effort.
Sold 'AS-IS': The 'AS-IS' sale condition means the seller will not make any repairs, placing the full responsibility and financial burden for all necessary work on the buyer.
Age of Property: Built in 1916, the property is over a century old, likely implying outdated systems (plumbing, electrical, HVAC), structural issues, and potential for deferred maintenance.