3134 Pleitner Ave, Oakland, California 94602, Oakland, 94602 - bed, bath
3134 Pleitner Ave
Oakland, California 94602
Property Price
SUMMARY
Analysis of 3134 Pleitner Ave, Oakland, California 94602 is currently available with a list price of $1,750,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This triplex offers a mix of newer construction (units 3134 and 3136 built in 2009, making them 15 years old) and a significantly renovated older unit (3132, originally 1950). The older unit features a 'brand-new non-conforming ADU' and recently updated main kitchen and bathroom. The main kitchen has modern grey and blue cabinets, updated countertops, and a stainless steel range. The main bathroom is also modern with a double vanity, granite countertop, and contemporary tile in the shower. While some areas show minor wear (e.g., linoleum flooring in kitchen/bath, worn attic carpet, basic light fixtures), the property is largely move-in ready with no immediate major renovations required, aligning well with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income Generation Potential
This triplex offers significant income potential with three main units, including two newer units (2009), plus a brand-new non-conforming ADU, and two additional studio rentals, providing multiple revenue streams.
- Newer Construction & Recent Updates
Units 3134 and 3136 were constructed in 2009, and unit 3132 features a brand-new ADU, suggesting modern amenities and potentially lower immediate maintenance costs for a significant portion of the property.
- Versatile Investment Opportunity
The property is ideal for both owner-occupants looking to offset mortgage costs with rental income and pure investors seeking a robust multi-unit asset with diverse rental options.
CONSRISKS & DEFICIENCIES
- Non-Conforming ADU
The attached ADU is explicitly stated as 'non-conforming,' which could present legal challenges, financing difficulties, or limit its long-term market value and permitted use.
- Mixed Property Ages
While some units are newer, unit 3132 was originally built in 1950, indicating potential for varied maintenance needs and differing levels of modernization across the property's structures.
- Varying School Ratings
Several nearby public schools, including Bret Harte Middle School and Fremont High, have lower ratings (2/10), which may be a consideration for families prioritizing top-tier public education.
About 3134 Pleitner Ave
Looking for a property that offers both a place to call home and an opportunity to generate income? This might be the perfect fit. This triplex listing includes units 3132, 3134, and 3136. Units 3134 and 3136 were constructed in 2009, while 3132, originally built in 1950, now features an attached brand-new non-conforming ADU. Additionally, two rear rooms of 3132 are currently rented as studios, providing extra rental income alongside the main unit. Conveniently located near I-580, shopping, and more, this property offers excellent potential.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 2009
- Lot Size
- 4,860 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Fruitvale Elementary School
Grades K-5 • 0.2 mi
Sequoia Elementary School
Grades K-5 • 0.6 mi
Glenview Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | - | - | 50% |
| Lot Size | 4,860 | 4,400 | 57% |
| Price | $1.75M | $1.02M | 86% |
| Price per sq ft | $0 | $0 | 50% |
| Built year | 2009 | 1943 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 559 | 184 | 0% |
Pricing History
Listed for Sale
Aug 25, 2024
$1,750,000
Initial Listing