9624 E. St., Oakland, California 94603, Oakland, 94603 - bed, bath
ACTIVE$820,000
9624 E. St., Oakland, California 94603
0Bed
0Bath
Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: The property is a quadruplex, offering significant income potential for investors or the opportunity for an owner-occupant to offset their mortgage with rental income from three other units.
Top Cons:
Requires Additional TLC: Despite recent remodels, the description explicitly states the property 'needs a little TLC,' suggesting some deferred maintenance or cosmetic work may still be required.
Compared to the nearby listings
Price:$820.0K vs avg $690.0K (+$130,000)57%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this property has undergone a significant recent remodel, as stated in the description and evidenced by the images. The kitchens feature modern white shaker cabinets, subway tile backsplashes, and stainless steel appliances. Bathrooms are updated with new vanities, subway tile surrounds, and modern fixtures. New flooring (ceramic tile) and windows are present throughout. While the property is move-in ready and key areas are updated, the presence of wall-mounted heaters instead of central HVAC, popcorn ceilings, and the seller's note of 'needs a little TLC' prevent an 'Excellent' rating. However, the extensive renovations to the most critical areas (kitchens and bathrooms) elevate it beyond 'Fair'.
Year Built
1964
Close
-
List price
$820K
Original List price
$895K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41064850
Home ConditionGood
Features
View-
About this home
LOOK AT THE BIG PRICE IMPROVEMENT. property has been remodeled, new flooring, new windows, kitchen and baths show very well. separate meters for both PG&E and EBMD. tenants pay for their own utilities. plenty of parking in the back area, perfect for a first time buyer or owner to live in one and have all three tenants pay their mortgage. security gate in driveway and also at the apartment entry way. needs a little TLC .
Condition Rating
Good
Built in 1964, this property has undergone a significant recent remodel, as stated in the description and evidenced by the images. The kitchens feature modern white shaker cabinets, subway tile backsplashes, and stainless steel appliances. Bathrooms are updated with new vanities, subway tile surrounds, and modern fixtures. New flooring (ceramic tile) and windows are present throughout. While the property is move-in ready and key areas are updated, the presence of wall-mounted heaters instead of central HVAC, popcorn ceilings, and the seller's note of 'needs a little TLC' prevent an 'Excellent' rating. However, the extensive renovations to the most critical areas (kitchens and bathrooms) elevate it beyond 'Fair'.
Pros & Cons
Pros
Income-Generating Quadruplex: The property is a quadruplex, offering significant income potential for investors or the opportunity for an owner-occupant to offset their mortgage with rental income from three other units.
Recent Remodel: The property has undergone a remodel, featuring new flooring, windows, and updated kitchen and baths, reducing immediate renovation needs for a buyer.
Separate Utility Meters: Each unit has separate meters for PG&E and EBMD, ensuring tenants pay for their own utilities, which significantly reduces the owner's operating expenses.
Significant Price Improvement: The property has seen a substantial price reduction from its original list price, indicating a motivated seller and potentially offering better value for prospective buyers.
Enhanced Security and Parking: The property benefits from a security gate in the driveway and at the apartment entry, along with ample parking in the back area, adding convenience and peace of mind for residents.
Cons
Requires Additional TLC: Despite recent remodels, the description explicitly states the property 'needs a little TLC,' suggesting some deferred maintenance or cosmetic work may still be required.
Older Construction: Built in 1964, the property's age, while partially mitigated by remodels, may still present potential concerns regarding older underlying systems (e.g., plumbing, electrical) or future maintenance.
Tenant Management Complexity: As a quadruplex, managing multiple tenants can be demanding and time-consuming, which might be a challenge for first-time landlords or those seeking a more passive investment.