2256 83Rd Ave, Oakland, CA 94605
- $795,000
- 8
- BD
- 3,420
- SqFt
Listed by Joey Wang, (510) 592-5554 from Keller Williams Realty
(If provided) CoList: from
- List Price
- $795,000
- MLS#
- EB41137414
- Status
- PENDING (DO NOT SHOW)
- Zoning
- RM-2
- Sqft. of Residence
- 3,420
- Lot Size
- 5,300
- Listing Area
- Oakland Zip Code 94621
Property Description
Built in 1960 and sitting at the crossroads of two major East Bay commuter corridors, this two-story stucco fourplex on 83rd Ave offers the kind of durable rental fundamentals that hold up over time. The neighborhood draws consistently from a wide tenant base - International Blvd retail and transit within reach, I-580 and I-880 minutes away. All four units share a clean 2-bed/1-bath layout with updated kitchens, dark shaker cabinets, quartz-style counters, gas ranges, fresh laminate flooring, and new paint. Four dedicated parking spaces and three garage bays, one of which transfers to the new owner. Most tenants pay their own utilities. The income story is equally straightforward: $108,804 currently in place at an 8.3% cap, Unit A delivered vacant for immediate lease-up, and two month-to-month tenants sitting below the $2,500 market rent estimate. Stabilized income projects to $126,300. At $198,750 per unit, the opportunity is priced to move.
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Additional Information
- Acres
- 0.12
- Amenities
- Balcony/Patio
- Cooling System
- Air Conditioning - None
- Days On Market
- Unknown
- Exterior Features
- Stucco, Wood Frame
- Floor Covering
- Tile, Vinyl
- Heating System
- Wall Furnace
- Living Area
- 3,420
- Lot Description
- Grade - Level
- Lot Size
- 5,300
- Neighborhood
- Oakland Zip Code 94621
- Numberof Units
- 4
- Unincorporated Yn
- Yes
- Zoning
- RM-2
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