2256 83Rd Ave, Oakland, CA 94605
2256 83Rd Ave, Oakland, CA 94605
2256 83Rd Ave, Oakland, CA 94605
2256 83Rd Ave, Oakland, CA 94605
2256 83Rd Ave, Oakland, CA 94605
2256 83Rd Ave, Oakland, CA 94605
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$ 795,000
Est. payment | /mo

8 Beds

3,420 SqFt


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$ 795,000
Est. payment | /mo
Save

8 Beds

3,420 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,420 sqft

Price per Sqft $232

Subdivision East Oakland

MLS Listing ID 41137414

Bedrooms 8

HOA Y/N No

Year Built 1960

Lot Size 5,300 Sqft

Acres 0.12

Property Sub-Type Quadruplex

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.

Location

State CA

County Alameda

Zoning RM-2

Rooms

Basement None

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Flooring Tile, Vinyl

Fireplace No

Exterior

Exterior Feature Front Yard, Yard Space

Utilities Available Individual Electric Meter, Individual Gas Meter

Building

Lot Description Level, Paved

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 434572182

Bridge MLS
Listed by Joey Wang • Keller Williams Realty

Nearby Locations

Brian McCarthy

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(510) 854-8066

brian@bayareasbestagent.com

1820 Solano Ave, Berkeley, CA, 94707, USA

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2256 83Rd Ave