950 72nd Avenue, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE$449,999
950 72nd Avenue, Oakland, California 94621
0Bed
0Bath
2,264Sqft
2,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a Duplex, the property offers immediate potential for rental income from two separate units, appealing to investors seeking cash flow.
Top Cons:
Extensive Renovation Required: The property is explicitly 'in need of TLC,' indicating significant capital investment will be necessary to bring it to market-ready condition and maximize rental income.
Compared to the nearby listings
Price:$450.0K vs avg $602.5K ($-152,501)13%
Size:2,264 sqft vs avg sqft75%
Price/sqft:$199 vs avg $075%
More Insights
Built in 1965 (60 years old).
Condition: Built in 1965, this property is explicitly described as 'in need of TLC' and requiring 'extensive renovation.' The images confirm this, showcasing extremely dated kitchens with old appliances (coil-top stoves, old refrigerators), worn laminate countertops, and basic, old cabinetry. Bathrooms also appear very dated with old fixtures and finishes. Flooring consists of worn carpet and old tile/linoleum. Light fixtures are basic and outdated. While the structure appears intact, the interior finishes and major systems are well past their expected lifespan and require substantial rehabilitation to be brought to a comfortable, modern standard.
Year Built
1965
Close
-
List price
$450K
Original List price
$529K
Price/Sqft
$199
HOA
-
Days on market
-
Sold On
-
MLS number
ML81992292
Home ConditionPoor
Features
View-
About this home
Great Opportunity to convert these into a major cash flow these are in need of TLC and they will shine they have great potential.
Condition Rating
Poor
Built in 1965, this property is explicitly described as 'in need of TLC' and requiring 'extensive renovation.' The images confirm this, showcasing extremely dated kitchens with old appliances (coil-top stoves, old refrigerators), worn laminate countertops, and basic, old cabinetry. Bathrooms also appear very dated with old fixtures and finishes. Flooring consists of worn carpet and old tile/linoleum. Light fixtures are basic and outdated. While the structure appears intact, the interior finishes and major systems are well past their expected lifespan and require substantial rehabilitation to be brought to a comfortable, modern standard.
Pros & Cons
Pros
Income-Generating Asset: As a Duplex, the property offers immediate potential for rental income from two separate units, appealing to investors seeking cash flow.
Significant Price Adjustment: A substantial price reduction from $529,000 to $449,999 indicates a motivated seller and a potentially attractive entry point for buyers.
High Investment Potential: The listing explicitly highlights a 'Great Opportunity to convert these into a major cash flow' and 'great potential,' making it appealing for value-add investors.
Desirable Urban Location: Situated in Oakland, a major city within the Bay Area, the property benefits from a strong rental market and ongoing urban development.
Generous Interior Space: With 2264 sqft, the duplex offers ample living area across its units, providing comfortable spaces for tenants.
Cons
Extensive Renovation Required: The property is explicitly 'in need of TLC,' indicating significant capital investment will be necessary to bring it to market-ready condition and maximize rental income.
Aging Infrastructure: Built in 1965, the property likely has original or outdated systems (electrical, plumbing, HVAC), which could lead to costly repairs or replacements in the near future.
Limited Lot Size: A 2500 sqft lot is relatively small, offering minimal outdoor space and potentially limiting future expansion or additional development opportunities.