2568 63rd Avenue, Oakland, California 94605, Oakland, 94605 - 2 bed, 1 bath
ACTIVE$299,999
2568 63rd Avenue, Oakland, California 94605
2Beds
1Bath
1,068Sqft
5,400Lot
Price Vs. Estimate
The estimated value ($299,999) is $0 (0%) lower than the list price ($299,999). This property may be overpriced.
Key pros and cons
Top Pros:
Investor Opportunity: Explicitly marketed as an 'Investors opportunity,' indicating potential for significant value appreciation after renovation.
Top Cons:
Extensive Fire Damage: The property has sustained fire damage, necessitating significant and costly repairs to restore its habitability and value.
Compared to the nearby listings
Price:$300.0K vs avg $730.0K ($-430,001)1%
Size:1,068 sqft vs avg 1,415 sqft19%
Price/sqft:$281 vs avg $51112%
More Insights
Built in 1925 (100 years old).
Condition: The property description explicitly states 'fire damage' and is listed as 'cash only,' indicating significant structural and systemic issues that require substantial repairs and rehabilitation. While the exterior images don't fully detail the fire damage, the description confirms it. The property, built in 1925, would already have outdated systems, and the fire damage exacerbates this, making it unsafe or uncomfortable to live in its current state. The mention of 'most of the leg work has been done' suggests it's an unfinished project, not a move-in ready home, and implies major components are not functional. Without interior images, it's safe to assume the kitchen and bathrooms are severely compromised or gutted due to the fire.
Year Built
1925
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$281
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021073
Home ConditionPoor
Features
View-
About this home
Investors opportunity cash only property has fire damage but most of the leg work has been done it's just for the right person to finish this project. There is also possibility for ADU in basement.
Condition Rating
Poor
The property description explicitly states 'fire damage' and is listed as 'cash only,' indicating significant structural and systemic issues that require substantial repairs and rehabilitation. While the exterior images don't fully detail the fire damage, the description confirms it. The property, built in 1925, would already have outdated systems, and the fire damage exacerbates this, making it unsafe or uncomfortable to live in its current state. The mention of 'most of the leg work has been done' suggests it's an unfinished project, not a move-in ready home, and implies major components are not functional. Without interior images, it's safe to assume the kitchen and bathrooms are severely compromised or gutted due to the fire.
Pros & Cons
Pros
Investor Opportunity: Explicitly marketed as an 'Investors opportunity,' indicating potential for significant value appreciation after renovation.
ADU Potential: The basement offers a clear possibility for an Accessory Dwelling Unit (ADU), providing a strong value-add for rental income or extended living space.
Attractive Price Point: Listed at $299,999, the property presents a relatively low entry price for the Oakland market, appealing to investors seeking a project.
Generous Lot Size: With a 5400 sqft lot, there is ample outdoor space for landscaping, potential expansion, or creating desirable outdoor living areas.
Renovation Progress: The description notes 'most of the leg work has been done,' suggesting some initial, potentially complex, renovation steps have already been addressed.
Cons
Extensive Fire Damage: The property has sustained fire damage, necessitating significant and costly repairs to restore its habitability and value.
Cash Only Transaction: The 'cash only' requirement severely limits the potential buyer pool, as traditional financing options are unavailable.
Major Renovation Project: This is a substantial project property, requiring a buyer with significant capital, time, and expertise to complete the necessary rehabilitation.