2256 83rd Ave, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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Oakland, California 94605
This quadruplex presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well below the $942,772 Fair Market Value by 15%. This valuation gap offers $147,772 in Instant Equity for buyers. Featuring a Condition Rating of 3, the property includes modernized kitchens and significant parking capacity. With one unit delivered vacant and two units below market, this is a Buy-and-Hold Investor asset ideal for value-add operators seeking to capture immediate rental upside in the East Bay.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2256 83rd Ave Subject | $795,000* List Price | 0 | 0 | 3,420 | $276 | - |
A 2714 79th Ave Active | $745,000 List Price | 0 | 0 | 3,100 | $240 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1960, the property features recent updates including kitchens with dark shaker cabinets and quartz-style counters, along with fresh laminate flooring and new paint. It is well-maintained and move-in ready, though it retains older individual gas wall heaters rather than a modern central HVAC system.
With one unit delivered vacant and two units currently below market on month-to-month leases, there is a clear path to increase annual income from $108,804 to $126,300, offering an attractive cap rate for the East Bay.
The property features significant interior upgrades including updated kitchens with shaker cabinets and quartz counters, new laminate flooring, and fresh paint, reducing immediate capital expenditure requirements for the buyer.
The inclusion of four surface parking spaces plus three garage bays is a rare and highly desirable asset for a quadruplex, providing a competitive edge in the rental market and potential for additional revenue.
The property is served by local schools with ratings as low as 1 out of 10, which may limit the tenant pool and impact the long-term appreciation potential compared to other Oakland submarkets.
The current list price of $795,000 is significantly lower than the 2020 sale price of $910,000, suggesting a downward trend in local valuation or previous overpayment that may concern conservative investors.
Four 2-bed/1-bath units. $795,000. $108,804 in current annual income with a clear path to $126,300 at market rents. Two units significantly below market, both month-to-month. One unit delivered vacant — lease it up or move in. Updated kitchens with dark shaker cabinets, quartz-style counters, and gas ranges. Fresh laminate flooring and new paint throughout. Four surface parking spaces plus three garage bays, one transferring to the new owner. Individual gas wall heaters; tenants pay their own utilities on most units. Easy I-580/I-880 access and proximity to the International Blvd corridor. At $198,750/unit, this is a well-priced entry into East Bay multifamily with multiple ways to win.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-8 • 0.5 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,420 | 3,036.5 | 50% |
| Lot Size | 5,300 | 4,450 | 50% |
| Price | $795.0K | $722.5K | 50% |
| Price per sq ft | $232 | $236 | 50% |
| Built year | 1960 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 91 | 25% |
Jun 5, 2026
$795,000
Initial Listing
Jul 21, 2020
$910,000
Public Record
Jan 11, 2001
$315,000
Public Record