
Oakland, California 94605
This Mixed-Use Income Property is a Strong Value Opportunity, listed at $699,000—positioned well below the $766,178 Fair Market Value by 8%. This valuation gap provides $67,178 in Instant Equity. Boasting a Condition Rating of 3, the asset generates a 7-8% cap rate through diversified income streams, including a stable corner storefront and two residential units. Located near Parker Elementary with a private patio and updated kitchens, this turnkey triplex is a high-performance acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2353 82nd Ave Subject | $699,000* List Price | 0 | 0 | 2,435 | $315 | - |
A 2504 2504 78th Ave Active | $749,000 List Price | 0 | 0 | 2,095 | $358 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1933 build date, the property is well-maintained with a kitchen renovation featuring modern shaker cabinets and updated solid-surface countertops (likely within 5-15 years). Interior flooring has been updated to laminate/vinyl plank, and the property is move-in ready with sewer lateral compliance and functional baseboard heating.
The property delivers an impressive 7-8% cap rate with immediate gross annual income of $78,840, offering exceptional investment performance for the Oakland market.
The mixed-use configuration combines a stable commercial storefront with two residential units, providing a resilient and versatile revenue model that mitigates vacancy risk.
With sewer lateral and sidewalk certifications already completed and full inspection reports available, the property offers a streamlined and transparent acquisition process for buyers.
The surrounding public schools are rated poorly (1-3 out of 10), which may limit the property's appeal to long-term family tenants and impact future appreciation.
Built in 1933, the property's older construction and systems may necessitate higher ongoing maintenance costs compared to more modern residential income assets.
Strong, CASH-FLOWING mixed-use opportunity combining two residential units and a corner storefront for diversified, stable income. The retail space is leased to a well-established barber shop with a consistent operating history, providing dependable revenue. The primary residential unit, with frontage on Hillside St, offers ~1,250 sq ft across three levels with 3 bedrooms, 1 bath, an attached garage, dedicated laundry room, and direct access to the backyard - currently rented at close-to-market rate. The second unit, zoned residential, presently operating as a family day-care (permitted use). The unit features a kitchen, full bath, and a bedroom, opening the door to multiple use scenarios. In-place rents total $6,570/month ($78,840 annually), delivering immediate cash flow (7-8% cap rate!) with additional upside potential. The property is well maintained with sewer lateral compliance certificate and sidewalk cleared for certification. Full inspection reports are available. Positioned with convenient access to I-580, I-880, and public transit, the location connects easily to major employment hubs across Oakland and the broader East Bay. Nearby parks, neighborhood retail, and community services support strong tenant demand and long-term stability. A versatile, income-producing asset with multiple income streams and room to grow. Ideal for investors seeking both performance and flexibility. Shown by appointment. Reach out for disclosures, pro forma, and offering memorandum.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-8 • 0.3 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 | 2,435 | 2,435 | 50% |
| Lot Size | 2,960 | 4,000 | 29% |
| Price | $699.0K | $699.0K | 50% |
| Price per sq ft | $287 | $287 | 50% |
| Built year | 1933 | 1933 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 204 | 14% |
Apr 20, 2026
$699,000
Initial Listing
Dec 28, 2018
$679,000
Public Record
Mar 29, 2013
$285,000
Public Record
Oct 4, 2006
$650,000
Public Record