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$650,000
Est. payment /mo
5,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Eastmont
MLS Listing ID 41122220
HOA Y/N No
Year Built 1961
Lot Size 5,000 Sqft
Property Sub-Type Triplex
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
Flooring Laminate, Tile
Fireplace No
Exterior
Parking Features Garage, On Street
Roof Type Shingle
Total Parking Spaces 6
Building
Lot Description Street Level
Others
Tax ID 40336710
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Thomas Garabedian Cone Red Oak Realty
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