REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,250,000
Est. payment | /mo
2,647 SqFt
$ 1,250,000
Est. payment | /mo
2,647 SqFt
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
HOA Y/N No
Year Built 1920
Annual Tax Amount $21,250
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 S-13
Interior
Heating Central, Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street, Uncovered
View Y/N No
Roof Type Composition
Accessibility Other, Parking
Total Parking Spaces 5
Building
Story 2
Foundation Slab
Sewer Other
Water Other
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 0424252013
Acceptable Financing FHA, VA Loan
Listing Terms FHA, VA Loan
Special Listing Condition Standard
Listed by Mark Caloca RE/MAX Accord