950 72nd Avenue, Oakland, California 94621, Oakland, - bed, bath
ACTIVE$449,999
950 72nd Avenue, Oakland, California 94621
0Bed
0Bath
2,264Sqft
2,500Lot
Year Built
1965
Close
-
List price
$450K
Original List price
$529K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81992292
Home ConditionPoor
Features
View-
About this home
Great Opportunity to convert these into a major cash flow these are in need of TLC and they will shine they have great potential.
Price History
Date
Event
Price
09/16/25
Price Change
$449,999
01/30/25
Listing
$529,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,264 | 0 | 0% |
| Lot Size | 2,500 | 4,600 | 13% |
| Price | $450K | $648K | 13% |
| Price per square foot | $199 | $0 | 75% |
| Built year | 1965 | 9775983 | 75% |
| HOA | |||
| Days on market | 279 | 199 | 75% |
Condition Rating
Poor
Built in 1965, this property is explicitly described as 'in need of TLC,' which is strongly supported by the images. The kitchen features severely outdated cabinets, worn laminate countertops, and old white appliances (refrigerator, electric range). The flooring and light fixtures are also dated. While the exterior appears structurally sound, the interior, particularly the kitchen, requires substantial rehabilitation and modernization, aligning with the 'poor' condition criteria for properties built over 30 years ago with significant defects in major components and requiring extensive system replacements.
Pros & Cons
Pros
Strong Income Potential: As a duplex, the property offers immediate rental income opportunities, explicitly highlighted as having 'major cash flow' potential.
Significant Price Reduction: The list price has been reduced from $529,000 to $449,999, indicating a motivated seller and a potential opportunity for a favorable purchase.
Value-Add Investment Opportunity: The description 'in need of TLC and they will shine they have great potential' clearly positions this as a prime value-add opportunity for investors or owner-occupants willing to renovate and increase equity/rental yield.
Desirable Property Type: Being a duplex, this property type is highly sought after for its versatility, allowing for owner-occupancy with rental income or full investment.
Oakland Market Location: Located in Oakland, a major Bay Area city, the property benefits from a strong rental market and potential for long-term appreciation.
Cons
Extensive Renovation Required: The property is explicitly stated to be 'in need of TLC,' indicating that significant capital investment and effort will be required for necessary repairs and upgrades.
Age of Property & Potential Deferred Maintenance: Built in 1965, the property is over 50 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes may be outdated and require substantial updates or have accumulated deferred maintenance.
Implied As-Is Condition: While not explicitly stated 'as-is,' the 'in need of TLC' description strongly implies the property is being sold in its current condition, placing the full responsibility for all repairs and improvements on the buyer.