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Listed by Thomas Garabedian Cone • Red Oak Realty
$650,000
Est. payment /mo
3,384 SqFt
New
1927 82Nd Ave Oakland, CA 94621
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,384 sqft
Price per Sqft $192
Subdivision Eastmont
MLS Listing ID 41122220
HOA Y/N No
Year Built 1961
Lot Size 5,000 Sqft
Property Sub-Type Triplex
Source Bridge AOR
Property Description
Stabilized East Oakland Triplex | 7.7% Cap | Strong In-Place Income 1927 82nd Ave offers a compelling opportunity for 1031 exchange buyers or investors seeking reliable yield in East Oakland's Arroyo Viejo neighborhood. This fully occupied triplex generates approximately $76,000 in annual gross income and operates at an attractive ~7.7% cap rate, providing immediate, predictable cash flow. All three units are occupied by long-term tenants, delivering built-in stability from day one. The property sits behind a gated entry and includes onsite laundry, three garage spaces plus three additional off-street parking spaces. Located near major transit routes, neighborhood retail, parks, and essential services, Arroyo Viejo appeals to renters seeking convenience, affordability, and a community feel. The property is subject to Oakland rent control, with current rents reflecting in-place tenancy and a well-maintained operating history. A straightforward investment with solid fundamentals, strong parking, and potential flexibility for a future owner-occupant. PSL compliant.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Tile
Fireplace No
Laundry Coin Operated, Dryer, Laundry Room, Washer
Building
Lot Description Level
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
Others
Special Listing Condition Offer As Is

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