8117 Ney Ave, Oakland, California 94605, Oakland, 94605 - bed, bath
8117 Ney Ave
Oakland, California 94605
Property Price
SUMMARY
Analysis of 8117 Ney Ave, Oakland, California 94605 is currently available with a list price of $1,288,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
The property was built in 1947, making it an older structure. While the listing explicitly states that 'Two Unit has been remodeled & Updated,' and the images confirm modern updates in some kitchens (e.g., white shaker cabinets, butcher block counters, subway tile) and bathrooms (e.g., modern vanities, marble-look shower tiles, LVP flooring), this implies that the remaining units have not been updated to the same standard. Images also show some older kitchen and bathroom styles. The overall condition is a mix of recently updated units and likely older, un-renovated units, placing the property in the 'Fair' category, as it's aged but has received occasional updates.
PROSSTRENGTHS & OPPORTUNITIES
- High-Income Potential
The property is explicitly described as 'High-Income Producing' with an attractive current CAP Rate of 6.7% and a Proforma CAP of 7.94%, indicating strong investment returns.
- Owner-Occupant/Immediate Rental Opportunity
The main house unit is vacant, offering immediate flexibility for an owner-occupant or the potential to quickly secure a new tenant and generate income.
- Multi-Unit Property (5 Units)
Comprising a 'four-unit complex with an additional 5th unit,' this property provides multiple income streams, enhancing its value for investors.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Deferred Maintenance
Built in 1947, the property is older, suggesting that units not yet remodeled may have aging infrastructure and systems requiring future maintenance or upgrades.
- Partial Remodeling
Only two units have been remodeled, implying that the remaining three units may require substantial investment to update them to modern standards and maximize rental income.
- Potential Unit Count Discrepancy
The description mentions 'four-unit complex with an additional 5th unit,' but the property type is listed as 'Quadruplex,' which could indicate a non-conforming unit or potential zoning/permitting issues for the fifth unit.
About 8117 Ney Ave
Rare High-Income Producing four-unit complex with an additional 5th unit the main house on top of the parcel is vacant, making this great for Homeowners and Investors alike. Two Unit has been remodeled & Updated * Great Views from Some of the Units * Deep-Long Lot with off Street Parking * Seller might be interested in selling a few other properties in a bulk sale. All other Showings Through Appointment Only, contact listing agent for disclosures & financials. CAP Rate of {6.7%}, Proforma Cap {7.94%}
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1947
- Lot Size
- 9,750 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Howard Elementary School
Grades K-5 • 0.7 mi
Burckhalter Elementary School
Grades K-5 • 0.8 mi
Parker Elementary School
Grades K-8 • 0.2 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 | 9,750 | 5,467.5 | 86% |
| Price | $1.29M | $841.5K | 86% |
| Price per sq ft | $0 | $0 | 50% |
| Built year | 1947 | 1953 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 262 | 227 | 71% |
Pricing History
Listed for Sale
Jun 18, 2025
$1,288,000
Initial Listing