2256 83rd Ave, Oakland, CA 94605

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Sold Price
$880,000
List Price
$795,000
Status
CLOSED
Closing Date
Aug 20, 2026
Year Built
1960
MLS#
41137414
Living Area
3,420
Lot Size
5,300
Type
Multifamily
Zip
94605
city
Oakland
Neighborhood
East Oakland

Property Description

Built in 1960 and sitting at the crossroads of two major East Bay commuter corridors, this two-story stucco fourplex on 83rd Ave offers the kind of durable rental fundamentals that hold up over time. The neighborhood draws consistently from a wide tenant base — International Blvd retail and transit within reach, I-580 and I-880 minutes away. All four units share a clean 2-bed/1-bath layout with updated kitchens, dark shaker cabinets, quartz-style counters, gas ranges, fresh laminate flooring, and new paint. Four dedicated parking spaces and three garage bays, one of which transfers to the new owner. Most tenants pay their own utilities. The income story is equally straightforward: $108,804 currently in place at an 8.3% cap, Unit A delivered vacant for immediate lease-up, and two month-to-month tenants sitting below the $2,500 market rent estimate. Stabilized income projects to $126,300. At $198,750 per unit, the opportunity is priced to move.

Additional Information

Lot Description
Level, Paved
Flooring
Tile, Vinyl
Heating
Wall Furnace
Cooling
No Air Conditioning
Exterior
Stucco, Frame
Roof
Shingle
Garage
Yes
Garageparking
Garage Faces Front, Uncovered Parking Space, Uncovered Park Spaces 2+, Street Parking
Water Sewer
Public
Building Type
Quadruplex
Acres
0.12

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Calculator source: Real Geeks

Listing courtesy of Joey Wang from Keller Williams Realty. 510-592-5554

Selling Office: eXp Realty of California, Inc.

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