2607 23rd Ave, Oakland, California 94606, Oakland, 94606 - 6 bed, 3 bath
ACTIVE$849,000
2607 23rd Ave, Oakland, California 94606
6Beds
3Baths
1,986Sqft
6,715Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Investment Opportunity: The property is a tri-plex, offering a fantastic investment opportunity with multiple income streams in the heart of Oakland.
Top Cons:
Age of Property: Built in 1948, the property is over 75 years old, which may indicate potential for aging infrastructure and higher maintenance costs for systems like plumbing, electrical, or roofing in the future.
Compared to the nearby listings
Price:$849.0K vs avg $715.0K (+$134,000)59%
Size:1,986 sqft vs avg 1,417 sqft76%
Price/sqft:$427 vs avg $47234%
More Insights
Built in 1948 (77 years old).
Condition: The property, built in 1948, shows signs of being aged but maintained. The kitchens feature traditional wood cabinets and older white appliances, with some units having tile flooring and others hardwood. The bedrooms have dated blue patterned carpet, and another room has black marble-look tile. Heating is provided by wall-mounted units, indicating an older system. While the listing states 'all units are well maintained,' the overall aesthetic, fixtures, and visible systems suggest renovations likely occurred 15-30 years ago, making the property functional but outdated in style and features, requiring minor updates to meet current standards.
Year Built
1948
Close
-
List price
$849K
Original List price
$849K
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
41116316
Home ConditionFair
Features
View-
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
The property, built in 1948, shows signs of being aged but maintained. The kitchens feature traditional wood cabinets and older white appliances, with some units having tile flooring and others hardwood. The bedrooms have dated blue patterned carpet, and another room has black marble-look tile. Heating is provided by wall-mounted units, indicating an older system. While the listing states 'all units are well maintained,' the overall aesthetic, fixtures, and visible systems suggest renovations likely occurred 15-30 years ago, making the property functional but outdated in style and features, requiring minor updates to meet current standards.
Pros & Cons
Pros
Multi-Unit Investment Opportunity: The property is a tri-plex, offering a fantastic investment opportunity with multiple income streams in the heart of Oakland.
Established Income Stream: One unit (#2607) is already tenant-occupied, providing immediate rental income for a new owner.
Separate Utilities: Each unit benefits from separate PGE and water meters, simplifying utility management and tenant accountability.
Desirable Location: Situated in the Highland Terrace neighborhood of Oakland, a well-regarded area, enhancing its appeal to tenants and potential for appreciation.
Well-Maintained Condition: All units are described as well-maintained, suggesting reduced immediate capital expenditure for repairs or renovations.
Cons
Age of Property: Built in 1948, the property is over 75 years old, which may indicate potential for aging infrastructure and higher maintenance costs for systems like plumbing, electrical, or roofing in the future.
Owner-Occupied Unit: One unit (#2611) is currently owner-occupied, which means an investor may not immediately realize full rental income from all three units without the owner vacating or transitioning to a tenant.
Property Type Discrepancy: The listing's 'Single Family Residence' sub-type contradicts the 'tri-plex' description, which could lead to potential complications with zoning, financing, or insurance if not properly clarified.