
Oakland, California 94605
This High-Potential Investment Opportunity is a Triplex listed at $699,000, positioned well below the $841,146 Fair Market Value by 16%. This valuation gap provides $142,146 in Instant Equity. Featuring a Condition Rating of 3, the property offers stable cash flow from two residential units and a corner storefront. With a 7-8% cap rate and Sewer Lateral Compliance, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing property with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2353 82nd Ave Subject 0 bd · 0 ba · 2,435 sqft · $345 | $699,000* List Price | 0 | 0 | 2,435 | $345 | - |
A 8806 Dowling St Sold 0 bd · 0 ba · 1,571 sqft · $350 · 0.4 mi | $550,000 | 0 | 0 | 1,571 | $350 | 0.4 mi |
B 7443 Weld Active 0 bd · 0 ba · 2,337 sqft · $256 · 0.7 mi | $599,000 List Price | 0 | 0 | 2,337 | $256 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1933 but shows evidence of mid-life renovations (approx. 10-15 years ago) including granite countertops and updated cabinetry in the kitchen. The property is well-maintained, fully functional, and currently occupied with sewer lateral compliance, meeting the criteria for a move-in ready, income-producing asset despite its chronological age.
The property features a unique mix of two residential units and a stable corner storefront, providing multiple revenue sources and reducing vacancy risk.
With a 7-8% cap rate and monthly rents totaling $6,570, this asset offers immediate, strong cash flow that outperforms many typical Bay Area investments.
The property is well-maintained and comes with a sewer lateral compliance certificate and cleared sidewalk certification, minimizing immediate capital expenditures for the buyer.
The surrounding public schools have low ratings (ranging from 1 to 3), which may limit the appeal for families and impact long-term residential tenant quality.
Originally built in 1933, the property may require ongoing maintenance or future capital improvements to its older systems and infrastructure.
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 |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,435 | 2,403.227 |
| Lot Size | 2,960 | 4,461.364 |
| Price | $699.0K | $900.8K |
| Price per sq ft | $287 | $343 |
| Built year | 1933 | 1919 |
| HOA | $0 | $0 |
| Days on market | 5 | 67 |
Oct 19, 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