2657 79th Ave, Oakland, California 94605, Oakland, 94605 - bed, bath
ACTIVE$925,000
2657 79th Ave, Oakland, California 94605
0Bed
0Bath
Sqft
6,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: Explicitly marketed as a prime investment opportunity and income-producing property, ideal for portfolio expansion.
Top Cons:
Property Age (1964): Built in 1964, the property may require significant capital expenditures for updating aging systems (e.g., plumbing, electrical, HVAC) and modernizing aesthetics.
Compared to the nearby listings
Price:$925.0K vs avg $800.0K (+$125,000)67%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this multi-family property shows signs of regular upkeep with recent cosmetic updates like fresh paint and laminate flooring in living areas. However, the kitchen features dated white cabinets, older white appliances (including an older refrigerator), and dated tile flooring. The bathrooms also have dated tile and basic fixtures. While functional and move-in ready, the property requires minor updates, particularly in the kitchen and bathrooms, to meet current aesthetic and quality standards. The mirrored closet doors are also a dated feature.
Year Built
1964
Close
-
List price
$925K
Original List price
$995K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41084099
Home ConditionFair
Features
View-
About this home
Investment Opportunity! This 3,472-square-foot multi-family property is a prime addition to your portfolio. Featuring four units, this income-producing 4-plex offers consistent rental potential. Parking: Convenient off-street parking for tenants Location: Situated in East Oakland, offering proximity to transportation, local amenities, and schools Whether you're an experienced investor or looking for your first multi-family property, this is your chance to own a well-maintained, revenue-generating property in a sought-after area.
Nearby schools
3/10
East Oakland Pride Elementary School
Public,•K-5•0.4mi
2/10
Markham Elementary School
Public,•K-5•0.5mi
3/10
Parker Elementary School
Public,•K-8•0.3mi
2/10
Frick Middle School
Public,•6-8•0.9mi
1/10
Castlemont High
Public,•9-12•0.5mi
2/10
Fremont High
Public,•9-12•2.3mi
2/10
Oakland International High School
Public,•9-12•6.9mi
Condition Rating
Fair
Built in 1964, this multi-family property shows signs of regular upkeep with recent cosmetic updates like fresh paint and laminate flooring in living areas. However, the kitchen features dated white cabinets, older white appliances (including an older refrigerator), and dated tile flooring. The bathrooms also have dated tile and basic fixtures. While functional and move-in ready, the property requires minor updates, particularly in the kitchen and bathrooms, to meet current aesthetic and quality standards. The mirrored closet doors are also a dated feature.
Pros & Cons
Pros
Investment Opportunity: Explicitly marketed as a prime investment opportunity and income-producing property, ideal for portfolio expansion.
Quadruplex Configuration: Featuring four units, this property offers diversified rental income streams and enhanced revenue potential.
Consistent Rental Potential: The multi-family nature and description suggest a stable asset with ongoing tenant demand.
Off-Street Parking: Convenient off-street parking is a valuable amenity for tenants, increasing desirability and ease of living.
Strategic Location: Situated in East Oakland with proximity to transportation, local amenities, and schools, supporting tenant attraction.
Cons
Property Age (1964): Built in 1964, the property may require significant capital expenditures for updating aging systems (e.g., plumbing, electrical, HVAC) and modernizing aesthetics.
Recent Price Reduction: A recent price drop from $995,000 to $925,000 could indicate initial overpricing, market resistance, or potential issues identified during prior due diligence.
Limited Financial Details: The listing lacks specific information on current rental income, unit configurations, or lease terms, which are crucial for comprehensive investor analysis.