5800 E 17th St, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE$899,000
5800 E 17th St, Oakland, California 94621
0Bed
0Bath
Sqft
5,400Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Established Income Stream: The property is a solid, fully rented 4-unit building, providing immediate and stable rental income for an investor.
Top Cons:
Property Age & Potential for Deferred Maintenance: Built in 1965 and under long-term family ownership (40+ years), the property may require significant capital expenditures for system updates or deferred maintenance.
Compared to the nearby listings
Price:$899.0K vs avg $647.5K (+$251,500)88%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1965 (60 years old).
Condition: The property was built in 1965, making it an older building. The exterior images show a dated appearance with worn paint, visible window air conditioning units, and older-style balconies, suggesting a lack of recent major renovations. While no interior photos are provided, the exterior condition and age indicate that major components are likely functional but outdated. The description states it's a 'solid fully rented income producing' building, which implies it's habitable and maintained enough for tenants, but would likely require minor updates or repairs to meet current aesthetic and efficiency standards, aligning with the 'Fair' condition criteria.
Year Built
1965
Close
-
List price
$899K
Original List price
$949K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41105908
Home ConditionFair
Features
Good View:
View-
About this home
This is a solid fully rented income producing 4 unit building. This property has been in the same family for over 40 years. This property has 4- 2 bedroom 1 bath units. There is off street parking for 4 cars. This is a great property to add to your rental properties or for a 1031 exchange.
Nearby schools
3/10
Greenleaf Elementary School
Public,•K-8•0.3mi
1/10
Roots International Academy
Public,•6-8•0.5mi
2/10
Frick Middle School
Public,•6-8•0.8mi
3/10
Coliseum College Prep Academy
Public,•6-12•0.5mi
2/10
Fremont High
Public,•9-12•0.8mi
1/10
Castlemont High
Public,•9-12•2.0mi
2/10
Oakland International High School
Public,•9-12•5.7mi
Condition Rating
Fair
The property was built in 1965, making it an older building. The exterior images show a dated appearance with worn paint, visible window air conditioning units, and older-style balconies, suggesting a lack of recent major renovations. While no interior photos are provided, the exterior condition and age indicate that major components are likely functional but outdated. The description states it's a 'solid fully rented income producing' building, which implies it's habitable and maintained enough for tenants, but would likely require minor updates or repairs to meet current aesthetic and efficiency standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Established Income Stream: The property is a solid, fully rented 4-unit building, providing immediate and stable rental income for an investor.
Multi-Unit Investment: As a quadruplex, it offers diversified income streams and reduced vacancy risk compared to single-family properties, ideal for a rental portfolio.
Dedicated Off-Street Parking: The provision of off-street parking for 4 cars is a significant amenity, enhancing tenant appeal and convenience in an urban area.
1031 Exchange Opportunity: Explicitly suitable for a 1031 exchange, this property targets a specific and often motivated investor demographic.
Recent Price Adjustment: A recent price reduction from $949,000 to $899,000 suggests a motivated seller and a potentially more attractive entry point for buyers.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1965 and under long-term family ownership (40+ years), the property may require significant capital expenditures for system updates or deferred maintenance.
Lower-Rated Local Schools: The presence of several nearby schools with low ratings could impact desirability for families and potentially limit future property value appreciation.
Standard Unit Configuration: All units are 2-bedroom, 1-bathroom, which might limit the diversity of the tenant pool or the potential for higher rental income compared to properties with varied unit types.