2319 92nd Ave, Oakland, California 94603, Oakland, 94603 - 2 bed, 2 bath
ACTIVE$369,000
2319 92nd Ave, Oakland, California 94603
2Beds
2Baths
1,244Sqft
3,906Lot
Price Vs. Estimate
The estimated value ($369,000) is $0 (0%) lower than the list price ($369,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Property: The property features two separate houses on one lot, offering significant potential for rental income, multi-generational living, or house hacking.
Top Cons:
Extensive Renovation Required: The description explicitly states 'Both homes require extensive work,' indicating a need for significant capital investment and time for renovations.
Compared to the nearby listings
Price:$369.0K vs avg $525.0K ($-156,000)10%
Size:1,244 sqft vs avg 1,046 sqft73%
Price/sqft:$297 vs avg $4877%
More Insights
Built in 1917 (108 years old).
Condition: Built in 1917, this property is over 100 years old. The listing explicitly states that 'Both homes require extensive work,' which aligns with the 'Poor' condition criteria of requiring substantial repairs and rehabilitation due to significant defects. The provided image reinforces this, showing severe exterior neglect, an overgrown yard, a rusty fence, and a visibly worn roof, indicating significant deferred maintenance. While interior details are not available, the overall condition strongly suggests that kitchens, bathrooms, and all major systems would be severely outdated and require complete renovation or replacement.
Year Built
1917
Close
-
List price
$369K
Original List price
$394K
Price/Sqft
$297
HOA
-
Days on market
-
Sold On
-
MLS number
41106501
Home ConditionPoor
Features
View-
About this home
Reduced for quick sale.Two houses on one lot, each with separate addresses, 2319 and 2321with separate electric and gas meters Both homes require extensive work and priced accordingly, Each is 2 bedroom one bath
Condition Rating
Poor
Built in 1917, this property is over 100 years old. The listing explicitly states that 'Both homes require extensive work,' which aligns with the 'Poor' condition criteria of requiring substantial repairs and rehabilitation due to significant defects. The provided image reinforces this, showing severe exterior neglect, an overgrown yard, a rusty fence, and a visibly worn roof, indicating significant deferred maintenance. While interior details are not available, the overall condition strongly suggests that kitchens, bathrooms, and all major systems would be severely outdated and require complete renovation or replacement.
Pros & Cons
Pros
Multi-Unit Property: The property features two separate houses on one lot, offering significant potential for rental income, multi-generational living, or house hacking.
Separate Utilities: Each home has its own separate electric and gas meters, simplifying utility management and billing for tenants or co-occupants.
Investment Opportunity: Explicitly priced for extensive work, this property presents a clear value-add opportunity for investors or owner-occupants willing to undertake renovations.
Recent Price Reduction: The listing has seen a recent price reduction from $394,000 to $369,000, indicating motivated sellers and a potentially more attractive entry point for buyers.
Oakland Location: Located in Oakland, a vibrant and growing city in the Bay Area, offering potential for long-term appreciation and access to urban amenities.
Cons
Extensive Renovation Required: The description explicitly states 'Both homes require extensive work,' indicating a need for significant capital investment and time for renovations.
Age of Property: Built in 1917, the homes are over a century old, which often implies outdated systems, potential for lead paint/asbestos, and higher maintenance costs.
Small Unit Size: With 1244 sqft divided between two 2-bedroom, 1-bath units, each unit is relatively small (approx. 622 sqft), which may limit appeal or rental rates.