6381 Sellers Ave, Oakley, California 94561, Oakley, 94561 - 3 bed, 1 bath
ACTIVE$1,510,000
6381 Sellers Ave, Oakley, California 94561
3Beds
1Bath
934Sqft
91,912Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 91912, living area = 934.
Top Cons:
Advanced Age of Structure: Built in 1921, the existing home is over a century old, which may imply potential for hidden maintenance issues or outdated infrastructure despite remodeling.
Compared to the nearby listings
Price:$1.51M vs avg $674.9K (+$835,100)99%
Size:934 sqft vs avg 1,987 sqft1%
Price/sqft:$1.6K vs avg $34399%
More Insights
Built in 1921 (104 years old).
Condition: The property was built in 1921, making it over 100 years old. While the listing states it has been 'remodeled' and images show updated cosmetic features such as a modern bathroom vanity, contemporary fixtures, and laminate flooring, the extent of renovation on major systems (plumbing, electrical, HVAC) is not specified. The property analysis highlights the 'Advanced Age of Structure' and potential for 'hidden maintenance issues or outdated infrastructure despite remodeling.' This indicates that while the home is currently livable and rentable due to recent updates, the underlying major components are likely aged and may show signs of being outdated, fitting the 'Fair' condition criteria.
Year Built
1921
Close
-
List price
$1.51M
Original List price
$1.1M
Price/Sqft
$1,617
HOA
-
Days on market
-
Sold On
-
MLS number
41030774
Home ConditionFair
Features
View-
About this home
Looking for an exceptional investment opportunity? Look no further! Remodeled 3 bedroom, 1 bath on 2.1 acres of flat land centrally located in the midst of rapidly-growing communities. Currently rented and producing income, property is zoned medium density residential per city of Oakley. This zoning allows for up to 59 multi family units or subdivision into 19 4k sq ft single family lots. Interested parties are encouraged to conduct their own independent investigations regarding zoning, limitations and possible land uses. Don't miss out on this opportunity!
Condition Rating
Fair
The property was built in 1921, making it over 100 years old. While the listing states it has been 'remodeled' and images show updated cosmetic features such as a modern bathroom vanity, contemporary fixtures, and laminate flooring, the extent of renovation on major systems (plumbing, electrical, HVAC) is not specified. The property analysis highlights the 'Advanced Age of Structure' and potential for 'hidden maintenance issues or outdated infrastructure despite remodeling.' This indicates that while the home is currently livable and rentable due to recent updates, the underlying major components are likely aged and may show signs of being outdated, fitting the 'Fair' condition criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 91912, living area = 934.
Exceptional Development Potential: The property is zoned medium-density residential, allowing for up to 59 multi-family units or subdivision into 19 single-family lots, presenting a significant investment opportunity.
Substantial Land Area: Boasting a large 2.1-acre (91,912 sqft) flat lot, the property offers ample space for extensive development projects.
Income-Generating Asset: Currently rented and producing income, the property provides immediate cash flow for investors.
Strategic Location: Centrally located in a rapidly-growing community, enhancing its long-term investment appeal and potential for appreciation.
Remodeled Existing Structure: The 3-bedroom, 1-bath home has been remodeled, making it suitable for continued rental income or temporary use.
Cons
Advanced Age of Structure: Built in 1921, the existing home is over a century old, which may imply potential for hidden maintenance issues or outdated infrastructure despite remodeling.
Limited Existing Home Utility: The small 934 sqft home with only one bathroom is undersized for the expansive lot and modern family needs, suggesting its primary value is in the land for development rather than the dwelling itself.
Extensive Due Diligence Required: The listing explicitly encourages buyers to conduct independent investigations regarding zoning, limitations, and possible land uses, indicating potential complexities and costs in realizing the development potential.