2626 78th Ave, Oakland, California 94605, Oakland, 94605 - bed, bath
ACTIVE$750,000
2626 78th Ave, Oakland, California 94605
0Bed
0Bath
Sqft
4,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: As a duplex, the property is explicitly marketed for cash flow generation, offering a clear opportunity for residential income and investment.
Top Cons:
Unspecified Lower Unit Condition: The description highlights the upper unit's renovation but does not detail the lower unit's condition, suggesting it may require significant updates or be in original 1966 condition.
Compared to the nearby listings
Price:$750.0K vs avg $750.0K (+$0)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1966 (59 years old).
Condition: The property, built in 1966, features a recently renovated upper unit (less than 3 years ago) with newer flooring, paint, kitchen cabinets, and countertops, bringing a significant portion of the property to a modern, move-in ready standard. While the condition of the lower unit and the overall major systems are not detailed, the recent renovation of one unit elevates the overall condition. The exterior image shows a reasonably maintained building, though the driveway has some minor wear. This blend of a recently updated unit within an older structure aligns with a 'Good' condition, indicating it's move-in ready with no immediate major renovations required, even if not every component is brand new.
Year Built
1966
Close
-
List price
$750K
Original List price
$800K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41106449
Home ConditionGood
Features
View-
About this home
Great opportunity knocks!! This upper-lower duplex situated in the Eastmont neighborhood offers a lower unit with 3 bedrooms and 1 bath, and an upper unit with 2 bedrooms and 1 bath. The upper unit was renovated less than 3 years ago featuring newer flooring, paint, kitchen cabinets and countertops. The property provides secure off-street parking with a garage allocated to each unit, along with a shared laundry room. Separate PG&E and trash metering for each unit. This is a great opportunity in generating cash flow, see the possibilities.
Nearby schools
2/10
Markham Elementary School
Public,•K-5•0.4mi
3/10
East Oakland Pride Elementary School
Public,•K-5•0.4mi
3/10
Parker Elementary School
Public,•K-8•0.4mi
2/10
Frick Middle School
Public,•6-8•0.8mi
1/10
Castlemont High
Public,•9-12•0.6mi
2/10
Fremont High
Public,•9-12•2.2mi
2/10
Oakland International High School
Public,•9-12•6.8mi
Condition Rating
Good
The property, built in 1966, features a recently renovated upper unit (less than 3 years ago) with newer flooring, paint, kitchen cabinets, and countertops, bringing a significant portion of the property to a modern, move-in ready standard. While the condition of the lower unit and the overall major systems are not detailed, the recent renovation of one unit elevates the overall condition. The exterior image shows a reasonably maintained building, though the driveway has some minor wear. This blend of a recently updated unit within an older structure aligns with a 'Good' condition, indicating it's move-in ready with no immediate major renovations required, even if not every component is brand new.
Pros & Cons
Pros
Strong Income Potential: As a duplex, the property is explicitly marketed for cash flow generation, offering a clear opportunity for residential income and investment.
Recent Upper Unit Renovation: The upper unit was renovated less than 3 years ago, featuring newer flooring, paint, kitchen cabinets, and countertops, enhancing its immediate appeal and tenant readiness.
Dedicated Parking & Shared Laundry: Each unit benefits from secure off-street garage parking, and a shared laundry room provides convenient amenities for tenants.
Separate Utility Metering: Individual PG&E and trash metering for each unit simplifies tenant billing and reduces landlord responsibilities for utility management.
Recent Price Reduction: The property has seen a significant price reduction from its original list price of $799,900 to $750,000, potentially offering a more attractive entry point for buyers.
Cons
Unspecified Lower Unit Condition: The description highlights the upper unit's renovation but does not detail the lower unit's condition, suggesting it may require significant updates or be in original 1966 condition.
Low-Rated Local Schools: The property is located near several schools with low ratings (1-3), which could be a deterrent for prospective tenants or buyers with families.
Property Age & Potential System Updates: Built in 1966, the property's age implies that major systems (e.g., plumbing, electrical, roof) may be original or require updates, particularly in the unrenovated sections.