Property Overview:
Income-producing duplex in Oakland, CA, on the market for the first time in decades after generational ownership. Listed at $699,000 (recently reduced from $600,000 in some listings). Built in 1943, with a total living area of 1,531 sq. ft. on a 0.14-acre lot. MLS #EB41055805.
Investment Highlights:
- Great investment property for both first-time buyers and seasoned investors.
- Low maintenance due to excellent tenants who care for the property.
- Tenants wish to stay; property will be delivered occupied.
- Buyer must comply with Oakland Rent Laws.
- Buyer’s brokerage compensation: 2.5%.
Property Features:
- Duplex: Each unit is a 2-bedroom, 1-bathroom.
- Studio multi-family home configuration.
- Hardwood flooring throughout.
- Window/Wall unit cooling and wall furnace heating.
- No in-unit laundry.
- Public sewer and water.
- Potential for ADU (Accessory Dwelling Unit).
- Backyard includes a fruit tree and storage unit.
Location & Neighborhood:
- Located in the Highland Park area near Highland Hospital.
- Convenient access to 580 freeway, parks, and schools.
- Minutes away from local amenities.
Additional Notes:
- First time on the market in decades.
- Consistent passive income opportunity.
- Space to expand or upgrade property portfolio.
- No HOA fees.