952 72nd Avenue, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE$449,999
952 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 Potential: As a duplex and designated 'Residential Income' property, it offers clear potential for rental income and cash flow for a savvy buyer.
Top Cons:
Condition (Needs TLC): The description explicitly states the property 'just needs TLC,' indicating significant renovation and repair work will be required.
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 needing 'TLC' and requiring a buyer 'willing to do the work,' indicating substantial repairs and rehabilitation are necessary. The kitchen features dated honey oak cabinets, older countertops, and a dated tiled backsplash, though a newer-looking stainless steel range is present. No bathroom images are provided, but it's reasonable to assume they are similarly outdated. The overall condition suggests major components and finishes are well past their prime, requiring significant investment to modernize and bring up to current standards, aligning with the 'Poor' condition criteria.
Year Built
1965
Close
-
List price
$450K
Original List price
$529K
Price/Sqft
$199
HOA
-
Days on market
-
Sold On
-
MLS number
ML81992300
Home ConditionPoor
Features
View-
About this home
Potential Potential for the one that is willing to to the work just needs TLC this has cash flow potential for the savvy buyer.
Condition Rating
Poor
Built in 1965, this property is explicitly described as needing 'TLC' and requiring a buyer 'willing to do the work,' indicating substantial repairs and rehabilitation are necessary. The kitchen features dated honey oak cabinets, older countertops, and a dated tiled backsplash, though a newer-looking stainless steel range is present. No bathroom images are provided, but it's reasonable to assume they are similarly outdated. The overall condition suggests major components and finishes are well past their prime, requiring significant investment to modernize and bring up to current standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Income Potential: As a duplex and designated 'Residential Income' property, it offers clear potential for rental income and cash flow for a savvy buyer.
Significant Price Reduction: The list price has been reduced from $529,000 to $449,999, indicating a motivated seller and potentially a more attractive entry point for investors.
Investment Opportunity: The property is explicitly marketed for its 'Potential Potential' and 'cash flow potential,' appealing to buyers looking to add value through renovation.
Duplex Configuration: The duplex type provides flexibility for owner-occupancy with supplemental income or as a full rental investment property.
Oakland Market Location: Located in Oakland, a major city in the Bay Area, which generally offers a robust rental market and potential for long-term appreciation.
Cons
Condition (Needs TLC): The description explicitly states the property 'just needs TLC,' indicating significant renovation and repair work will be required.
Age of Property: Built in 1965, the property is older, suggesting potential for outdated systems, finishes, and deferred maintenance that will require capital investment.
Required Buyer Effort: The listing emphasizes 'for the one that is willing to do the work,' implying that the property is not move-in ready and demands substantial effort and additional investment from the buyer.