2353 83rd Ave, Oakland, California 94605, Oakland, - bed, bath
ACTIVE$525,000
2353 83rd Ave, Oakland, California 94605
0Bed
0Bath
Sqft
5,181Lot
Year Built
1952
Close
-
List price
$525K
Original List price
$525K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41109418
Home ConditionPoor
Features
View-
About this home
Duplex at the end of the street that backs Castlemont high school. Quiet tenants, unit 2355 long term @ 8 yrs. Good bones A good investment with some room to grow to maximize cash flow.
Nearby schools
3/10
East Oakland Pride Elementary School
Public,•K-5•0.4mi
3/10
Parker Elementary School
Public,•K-8•0.3mi
2/10
Elmhurst Community Prep School
Public,•6-8•1.0mi
2/10
Frick Middle School
Public,•6-8•1.2mi
1/10
Castlemont High
Public,•9-12•0.2mi
2/10
Fremont High
Public,•9-12•2.5mi
2/10
Oakland International High School
Public,•9-12•7.2mi
Price History
Date
Event
Price
10/10/25
Listing
$525,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (13 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 5,181 | 5,121 | 50% |
| Price | $525K | $760K | 21% |
| Price per square foot | $0 | $0 | |
| Built year | 1952 | 9745976 | 57% |
| HOA | |||
| Days on market | 27 | 106 | 7% |
Condition Rating
Poor
Built in 1952, this duplex shows significant age and requires substantial rehabilitation. The kitchens are very dated, with one showing visible damage to the lower cabinets and older tile countertops. Appliances appear old, and flooring is a mix of worn hardwood, stained carpet, and dated vinyl/linoleum. While the description mentions 'good bones,' implying structural integrity, the interior finishes, fixtures, and overall aesthetic are severely outdated and would require extensive renovation to meet current quality standards and maximize cash flow, as suggested in the listing.
Pros & Cons
Pros
Income-Generating Property: As a duplex and 'Residential Income' property, it offers immediate potential for rental income and serves as a direct investment opportunity.
Established Tenancy: One unit has a long-term tenant of 8 years, indicating stable occupancy and reduced vacancy risk, which is attractive for investors.
Solid Structural Foundation: The description 'Good bones' suggests the property has a sound underlying structure, potentially minimizing immediate major structural repair concerns for its age.
Investment Upside Potential: Explicitly noted as having 'room to grow to maximize cash flow,' indicating opportunities for value-add improvements or rent optimization to increase profitability.
Private Location: Situated 'at the end of the street,' which typically offers less through traffic, enhanced privacy, and a potentially quieter living environment.
Cons
Proximity to Low-Rated School: The property backs Castlemont High School, which has a low rating (1), potentially impacting desirability for families or future property value perception.
Required Capital for Maximized Cash Flow: The phrase 'room to grow to maximize cash flow' implies that the property is not currently generating its full income potential, suggesting future investment or effort will be required to achieve optimal returns.
Age of Property: Built in 1952, the property's age, despite having 'good bones,' may necessitate updates to systems (e.g., electrical, plumbing, HVAC) or cosmetic renovations to meet modern standards and reduce long-term maintenance liabilities.