2607 23rd Ave, Oakland, California 94606, Oakland, 94606 - bed, bath
ACTIVE$849,000
2607 23rd Ave, Oakland, California 94606
0Bed
0Bath
Sqft
6,715Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Investment: The property is a triplex, offering immediate income generation potential and diversification for investors.
Top Cons:
Property Age: Built in 1948, the property is relatively old, which may imply potential for aging systems (plumbing, electrical) and future capital expenditures despite current maintenance.
Compared to the nearby listings
Price:$849.0K vs avg $899.0K ($-50,000)48%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1948 (77 years old).
Condition: Built in 1948, the property's age places it outside of recent construction or extensive renovation categories. While the listing states 'All units are well maintained,' and the images show functional spaces, the kitchens feature dated honey oak cabinets, white appliances, and older-style countertops. Bathrooms have clean, possibly updated subway tile in the shower, but vanities, mirrors, and light fixtures appear dated. Flooring is a mix of older hardwood, tile, and carpet. Heating appears to be via wall heaters. The property is clearly livable and maintained, but its aesthetic and some components are outdated, suggesting it would benefit from minor updates to meet current market expectations, aligning with the 'fair' condition criteria.
Year Built
1948
Close
-
List price
$849K
Original List price
$849K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41116314
Home ConditionFair
Features
Patio
ViewHills
About this home
What a fantastic opportunity to own a tri-plex in the heart of Oakland. Located in the Highland Terrace, this property is an excellent investment! It features a duet (Unit #2607 and #2611) with 2 beds / 1 bath each. #2607 is tenant occupied, #2611 is owner occupied with laundry. One detached unit #2621 has also 2 beds /1 bath with its own backyard. Each unit comes with 1 parking space. All units are well maintained. Separate PGE and water meters.
Nearby schools
3/10
Manzanita Seed
Public,•K-5•0.2mi
3/10
Garfield Elementary School
Public,•K-5•0.6mi
4/10
Bella Vista Elementary School
Public,•K-5•0.7mi
3/10
International Community School
Public,•K-5•0.9mi
5/10
Think College Now School
Public,•K-5•0.9mi
5/10
Glenview Elementary School
Public,•K-5•1.0mi
3/10
Franklin Elementary School
Public,•K-5•1.1mi
7/10
Cleveland Elementary School
Public,•K-5•1.2mi
9/10
Crocker Highlands Elementary School
Public,•K-5•1.3mi
6/10
Henry Haight Elementary School
Public,•K-5•2.1mi
8/10
Lincoln Elementary School
Public,•K-5•2.2mi
2/10
Piedmont Avenue Elementary School
Public,•K-5•2.8mi
4/10
Roosevelt Middle School
Public,•6-8•0.6mi
4/10
Urban Promise Academy
Public,•6-8•0.7mi
6/10
Edna Brewer Middle School
Public,•6-8•0.8mi
3/10
United For Success Academy
Public,•6-8•0.8mi
2/10
Bret Harte Middle School
Public,•6-9•1.3mi
3/10
La Escuelita Elementary School
Public,•K-8•1.6mi
2/10
Westlake Middle School
Public,•6-8•2.3mi
5/10
Will C. Wood Middle School
Public,•6-8•2.8mi
4/10
Oakland High School
Public,•9-12•1.0mi
2/10
Fremont High
Public,•9-12•1.6mi
7/10
Oakland Technical High School
Public,•9-12•3.1mi
2/10
Oakland International High School
Public,•9-12•3.3mi
4/10
Skyline High School
Public,•9-12•3.5mi
7/10
Encinal Junior/Senior High
Public,•6-12•3.6mi
Condition Rating
Fair
Built in 1948, the property's age places it outside of recent construction or extensive renovation categories. While the listing states 'All units are well maintained,' and the images show functional spaces, the kitchens feature dated honey oak cabinets, white appliances, and older-style countertops. Bathrooms have clean, possibly updated subway tile in the shower, but vanities, mirrors, and light fixtures appear dated. Flooring is a mix of older hardwood, tile, and carpet. Heating appears to be via wall heaters. The property is clearly livable and maintained, but its aesthetic and some components are outdated, suggesting it would benefit from minor updates to meet current market expectations, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Multi-Unit Investment: The property is a triplex, offering immediate income generation potential and diversification for investors.
Separate Utilities: Each unit features separate PGE and water meters, simplifying utility management and tenant billing responsibilities.
Well-Maintained Units: The description explicitly states 'All units are well maintained,' suggesting lower immediate repair or renovation costs for a new owner.
Owner-Occupancy Potential: One unit is currently owner-occupied, providing flexibility for a buyer to live in one unit while generating rental income from the others.
Individual Amenities: Each unit comes with its own parking space, and the detached unit (#2621) includes its own backyard, enhancing tenant appeal and privacy.
Cons
Property Age: Built in 1948, the property is relatively old, which may imply potential for aging systems (plumbing, electrical) and future capital expenditures despite current maintenance.
Tenant Occupancy: One unit is tenant-occupied, which could complicate immediate owner-occupancy plans for that specific unit or require adherence to tenant rights during the transaction.
Limited Financial Transparency: The listing lacks specific financial details such as current rental income for all units, expenses, or a projected cap rate, which are crucial for investor evaluation.