3044 Capp St, Oakland, California 94602, Oakland, 94602 - bed, bath
ACTIVE$1,175,000
3044 Capp St, Oakland, California 94602
0Bed
0Bath
Sqft
6,750Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income & Occupancy: The property is fully tenant-occupied, generating a gross annual rental income of $90,000, providing immediate and reliable cash flow for investors.
Top Cons:
Property Age: Built in 1964, the property is 60 years old, which may imply potential for future capital expenditures on aging major systems (e.g., plumbing, electrical, roof) not explicitly mentioned as updated.
Compared to the nearby listings
Price:$1.18M vs avg $1.09M (+$87,500)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1964 (61 years old).
Condition: Despite being built in 1964, the property features updated kitchens with modern cabinetry, stainless steel appliances (in at least one unit), and durable laminate flooring throughout, as confirmed by the images and description. The interiors appear clean, well-maintained, and move-in ready, indicating significant renovations within the last 5-15 years. While not 'excellent' due to the older build year and some basic fixtures, the updates are substantial enough to warrant a 'good' rating.
Year Built
1964
Close
-
List price
$1.18M
Original List price
$1.2M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41098997
Home ConditionGood
Features
View-
About this home
This well-maintained two-story 4-unit multifamily property in Oakland offers a strong return on investment with a gross annual rental income of $90,000. Each unit features updated kitchens with modern cabinetry, durable laminate flooring, and thoughtful layouts, appealing to quality tenants. The property is fully tenant-occupied, providing immediate and reliable cash flow. Located in a high-demand rental market, this is a perfect opportunity for both seasoned investors and those entering the multifamily space.
Nearby schools
4/10
Fruitvale Elementary School
Public,•K-5•0.2mi
5/10
Sequoia Elementary School
Public,•K-5•0.6mi
5/10
Glenview Elementary School
Public,•K-5•0.8mi
2/10
Bret Harte Middle School
Public,•6-9•0.7mi
6/10
Edna Brewer Middle School
Public,•6-8•1.0mi
4/10
Oakland High School
Public,•9-12•1.4mi
2/10
Fremont High
Public,•9-12•1.4mi
4/10
Skyline High School
Public,•9-12•2.8mi
2/10
Oakland International High School
Public,•9-12•3.7mi
Condition Rating
Good
Despite being built in 1964, the property features updated kitchens with modern cabinetry, stainless steel appliances (in at least one unit), and durable laminate flooring throughout, as confirmed by the images and description. The interiors appear clean, well-maintained, and move-in ready, indicating significant renovations within the last 5-15 years. While not 'excellent' due to the older build year and some basic fixtures, the updates are substantial enough to warrant a 'good' rating.
Pros & Cons
Pros
Strong Income & Occupancy: The property is fully tenant-occupied, generating a gross annual rental income of $90,000, providing immediate and reliable cash flow for investors.
Updated Unit Interiors: Each unit boasts updated kitchens with modern cabinetry and durable laminate flooring, enhancing tenant appeal and minimizing immediate renovation costs.
High-Demand Location: Situated in Oakland, a high-demand rental market, which supports strong tenant retention and potential for future rent growth.
Well-Maintained Condition: Described as 'well-maintained,' suggesting a lower likelihood of immediate major repair expenses and a positive living environment for tenants.
Broad Investor Appeal: Positioned as a perfect opportunity for both seasoned investors and those new to multifamily properties, indicating its straightforward investment profile.
Cons
Property Age: Built in 1964, the property is 60 years old, which may imply potential for future capital expenditures on aging major systems (e.g., plumbing, electrical, roof) not explicitly mentioned as updated.
Limited System Update Details: While kitchens are updated, the description lacks specific information on the condition or recent upgrades of other critical building components like HVAC, bathrooms, or overall infrastructure, representing potential unknown future costs.
Unspecified Amenities/Parking: The listing does not detail common amenities or dedicated parking for a 4-unit property, which can be a significant factor for tenant attraction and retention in an urban market.