1300 81st Ave, Oakland, CA 94621

$750,000
3,137
SqFt

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Listed by Steven Pinza, (510) 725-4775 from The Pinza Group, Inc
(If provided) CoList: from

Sold listing courtesy of Steven Pinza from OBPINZA

Sold Price
$750,000
List Price
$749,000
Closing Date
Jul 08, 2024
MLS#
EB41052422
Status
SOLD
Sqft. of Residence
3,137
Lot Size
8,025
Listing Area
Oakland Zip Code 94621

Property Description

130081stAve.com;The Pinza Group, Inc. is pleased to present 1300 81st Avenue, a four unit apartment building centrally located in the Woodland neighborhood of Oakland, CA. The property was built in 1966, and features four (4) 2bd/1bth units of ~800 SF. The structure is set on a large 8,025 SF lot, boasting a 2:1 off-street parking ratio, gated entry, functional security system, ample storage space and huge potential for ADU development. Current ownership has recently completed a number of improvements, including: fresh exterior paint, upgraded appliances throughout, improved low-maintenance landscaping, installation of a brand new water heater, and the addition of a coin-operated washer/dryer to bring in additional income. Current rents are below market rate, providing an opportunity for significant rental upside via annual adjustments, tenant turnover, and construction of additional unit(s). 1300 81st Avenue offers a prime opportunity for owner occupants to acquire an exceptionally maintained asset with just 3.5% down ($26,500). Email agent on property website for a complete marketing package.

Additional Information

Acres
0.18
Age
58
Amenities
Other
Cooling System
Other
Days On Market
Unknown
Energy Features
Other
Exterior Features
Other
Floor Covering
Other
Garage Parking
Other
Heating System
Other
Laundry Facilities
Other
Living Area
3,137
Lot Description
Other
Lot Size
8,025
Neighborhood
Oakland Zip Code 94621
Numberof Units
4
Roof
Other
Unincorporated Yn
Yes

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