2726 73rd Ave, Oakland, California 94605, Oakland, 94605 - bed, bath
ACTIVE$595,000
2726 73rd Ave, Oakland, California 94605
0Bed
0Bath
Sqft
3,550Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is an income-producing duplex townhome, offering the reliability of multi-family income and significant rent growth potential, making it an attractive investment.
Top Cons:
Potential OMI Restrictions: The description advises checking with the City regarding OMI (Owner Move-In) requirements, indicating potential complexities or limitations for an owner-occupant strategy due to local tenant protection ordinances.
Compared to the nearby listings
Price:$595.0K vs avg $720.0K ($-125,000)20%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1942 (83 years old).
Condition: Built in 1942, this duplex shows significant age and wear on its exterior, with faded/peeling paint, older windows, and visible utility conduits. The listing description makes no mention of any recent renovations, and the phrase 'significant rent growth potential' strongly implies that substantial updates are needed to maximize its value. Without interior photos, it's highly probable that the kitchens and bathrooms are original or last updated decades ago, requiring extensive rehabilitation to meet modern standards. The property is functional but requires substantial repairs and rehabilitation throughout.
Year Built
1942
Close
-
List price
$595K
Original List price
$595K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41111632
Home ConditionPoor
Features
View-
About this home
Income-producing duplex townhome; each side-by-side unit offers a spacious 3bd/2ba, two-level layout, providing residents with the comfort and privacy of a townhome while giving investors the reliability of multi-family income. Tenants benefit from gated entry to off-street parking and washer/dryer hookups in each townhome. Minimal landscaping maintenance required. Possible house hack for new owner to move in one, check with City regarding OMI requirements and/or investors take note of the significant rent growth potential.
Nearby schools
2/10
Markham Elementary School
Public,•K-5•0.4mi
3/10
East Oakland Pride Elementary School
Public,•K-5•0.7mi
3/10
Parker Elementary School
Public,•K-8•0.4mi
2/10
Frick Middle School
Public,•6-8•0.6mi
1/10
Castlemont High
Public,•9-12•0.8mi
2/10
Fremont High
Public,•9-12•2.1mi
2/10
Oakland International High School
Public,•9-12•6.6mi
Condition Rating
Poor
Built in 1942, this duplex shows significant age and wear on its exterior, with faded/peeling paint, older windows, and visible utility conduits. The listing description makes no mention of any recent renovations, and the phrase 'significant rent growth potential' strongly implies that substantial updates are needed to maximize its value. Without interior photos, it's highly probable that the kitchens and bathrooms are original or last updated decades ago, requiring extensive rehabilitation to meet modern standards. The property is functional but requires substantial repairs and rehabilitation throughout.
Pros & Cons
Pros
Income-Generating Duplex: The property is an income-producing duplex townhome, offering the reliability of multi-family income and significant rent growth potential, making it an attractive investment.
Flexible Ownership Strategy: The property is suitable for both pure investors and owner-occupants, with the possibility for a 'house hack' strategy by living in one unit and renting out the other.
Spacious Townhome-Style Units: Each side-by-side unit features a spacious 3-bedroom, 2-bathroom, two-level layout, providing residents with comfort and privacy akin to a townhome.
Tenant-Appealing Amenities: Tenants benefit from gated entry to off-street parking and convenient in-unit washer/dryer hookups in each townhome, enhancing desirability.
Low Maintenance: The property requires minimal landscaping maintenance, reducing ongoing operational costs and effort for the owner.
Cons
Potential OMI Restrictions: The description advises checking with the City regarding OMI (Owner Move-In) requirements, indicating potential complexities or limitations for an owner-occupant strategy due to local tenant protection ordinances.
Lower-Rated Schools: The surrounding public schools generally have low ratings (1-3), which could be a drawback for families with school-aged children and potentially impact long-term tenant appeal or resale value.
Age of Property: Built in 1942, the property's age suggests that major systems (plumbing, electrical, roof, HVAC) may be original or older, potentially requiring significant capital expenditures for updates or repairs in the near future.