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Listed by Thomas Garabedian Cone • Red Oak Realty
$650,000
Est. payment /mo
7 Beds
4 Baths
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
MLS Listing ID EB41122220
Bedrooms 7
Year Built 1961
Lot Size 5,000 Sqft
Property Sub-Type Triplex
Source Bridge MLS
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
Area Oakland Zip Code 94621
Interior
Heating Gas, Wall Furnace
Cooling Air Conditioning - None
Flooring Laminate, Tile
Laundry In Laundry Room, Coin Operated, Washer, Dryer
Exterior
Exterior Feature Stucco
Parking Features Garage, Off-Street Parking, Tandem Parking
Garage Spaces 6.0
Roof Type Composition
Building
Lot Description Grade - Level
Sewer Sewer - Private
Water Public
Others
Tax ID 40-3367-10
Special Listing Condition New

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