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$1,250,000
Est. payment /mo
5 Beds
2,647 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,647 sqft
Price per Sqft $472
MLS Listing ID ML82028467
Bedrooms 5
HOA Y/N No
Year Built 1920
Lot Size 4,875 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
Seize a premier asset acquisition opportunity in Oaklands appreciating market. This fully remodeled multi-family residence at 1331 87th Ave offers immediate positive cash flow and strong long-term equity potential. Both units have been extensively renovated, minimizing upfront costs for the new owner. The extra-large lot provides an estimated 2,100 sq. ft. of expansion potential, including the opportunity to add an ADU and likely a Junior ADUa valuable advantage as the City of Oakland continues to encourage additional housing. Buyers should verify development potential with the City of Oakland Planning Department. A spacious backyard and side driveway offer clear ADU-building potential, creating an additional income stream and boosting overall property value. Major upgradesincluding a new roof, new exterior, new interior finishes, and new appliancessignificantly reduce near-term maintenance expenses.
Location
State CA
County Alameda
Zoning RM-2
Interior
Heating Forced Air
Fireplace No
Building
New Construction No
Schools
School District Oakland (510) 879-8111
Others
Tax ID 0424252013
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Listed by Mark Caloca • RE/MAX Accord