31
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$870,000
Est. payment /mo
1,698 Sqft Lot
Active
1621 E 38Th St Oakland, CA 94602
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41089839
HOA Y/N No
Year Built 1925
Lot Size 1,698 Sqft
Property Sub-Type Duplex
Property Description
This is a wonderful opportunity for an owner occupier to purchase not only their home to live in, but the new owners will have the ability to either move into or rent out the attached vacant ADU (market rents are at $2,2000/month for a 1 bedroom unit). Also, they can turn the ‘non-conforming' garage conversion ADU unit into a legal unit or back to a garage per their choice! At this price point, it makes sense to take a serious look at this offering. The disclosures will have additional information concerning the ‘non-conforming ‘garage conversion on what needs to be completed to make it legal or to remove and turn it back to a garage. There is value to the new buyer to make this a legal unit! Then you will have even more rental income coming in. Note: do not confuse the garage unit with the 1 bedroom vacant ADU. They are separate units. The upstairs occupied unit is currently renting for $3,195 / mo. There is the opportunity for new owners to vacate the upper unit if they plan to occupy the upstairs unit for their personal residence. That is allowed per the city of Oakland.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Flooring Laminate, Tile, Wood
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Street Level
Sewer Public Sewer
Others
Tax ID 2349021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by John L. Morra • CENTURY 21 Real Estate Alliance