2353 82nd Ave, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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Oakland, California 94605
This Mixed-Use Income Asset is a Strong Value Opportunity with a List Price of $699,000—positioned well below the $766,178 Fair Market Value by 8%. This valuation gap offers $67,178 in Instant Equity. Boasting a 7-8% Cap Rate and a Condition Rating of 3, the property features a commercial storefront, two residential units, and a private patio. With Sewer Lateral Compliance already secured, this high-yield property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable 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.
While built in 1933, the interior shows significant updates within the last 5-15 years, including modern grey shaker kitchen cabinets, updated laminate flooring, and clean paint. The property is well-maintained with sewer lateral and sidewalk compliance, making it functional and move-in ready for tenants despite the age of the structure and dated backyard concrete.
The property boasts a high 7-8% cap rate with $6,570 in monthly gross income, offering immediate and strong returns that outperform many traditional residential investments in the Bay Area.
The mixed-use triplex configuration—comprising a long-term commercial barber shop and two residential units—provides a resilient and stable revenue model with multiple sources of income.
With sewer lateral compliance and sidewalk certifications already completed, the buyer avoids common Oakland regulatory hurdles and immediate post-closing capital expenditures.
The surrounding public schools are rated between 1 and 3, which may limit the property's appeal to families and potentially impact long-term capital appreciation.
Built in 1933, the property's age suggests a higher likelihood of ongoing maintenance requirements and the potential need for future system upgrades common in older mixed-use buildings.
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 residential unit 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 | 2,544 | 50% |
| Lot Size | 2,960 | 3,575 | 25% |
| Price | $699.0K | $674.5K | 50% |
| Price per sq ft | $287 | $263 | 50% |
| Built year | 1933 | 1938 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 91 | 25% |
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