Oakland Duplex with Renovation
2353 83Rd Ave Oakland, CA 94605
2353 83Rd Ave, Oakland, CA, 94605
$479,000
For Sale
$479,000
MULTI_FAMILY - Oakland, CA
Property Size1,464 SF
Lot Size0.12 Acres
Price / SF$327.19
Days on Market133
Property Features for 2353 83Rd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Off Street, Garage
- Exterior features
- Back Yard, Front Yard, Side Yard
- Appliances
- Gas Water Heater
- Standard status
- Active
- APN
- 43457771
- Size
- 1,464 SF
- Lot size
- 0.12 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1952
- Flooring type
- Hardwood, Linoleum, Laminate
- Building materials
- Wood Siding
Listing Agency
Keller Williams Rlty East Bay
(925) 934-2900
201 N Civic Drive, Suite 130, Walnut Creek, CA
Listed by
Mawuko Tugbenyoh · License #01431237
(510) 866-7516
Added: Mar 9 Checked: Jul 19 at 7:06 pm
MLS# 41126080
Listing URL
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Oakland duplex is described as having “good bones” with space for finishing touches. The property is positioned for buyers who want to apply upgrades based on their own preferences, including an approach that uses a renovation loan to complete desired improvements. With the existing duplex structure in place, it can support either an owner-occupant plan or a more hands-on rental strategy where the buyer secures tenants.
Located at 2353 83Rd Ave in Oakland, California 94605, the home sits on a lot of 0.1189 acres. The listing notes the property’s current suitability as a residential income opportunity, with the main value coming from the ability to tailor the final finish and income-focused layout through planned updates.
For an owner-occupant, this can be a practical way to live in one side while using the duplex configuration to support rental income. For investors, the appeal is the ability to purchase an income property and align the condition and presentation with your own tenant-ready standards. The provided remarks emphasize that buyers can bring their own finishing touches, making it a fit for those comfortable with renovation and personalization rather than turnkey expectations.
Located at 2353 83Rd Ave in Oakland, California 94605, the home sits on a lot of 0.1189 acres. The listing notes the property’s current suitability as a residential income opportunity, with the main value coming from the ability to tailor the final finish and income-focused layout through planned updates.
For an owner-occupant, this can be a practical way to live in one side while using the duplex configuration to support rental income. For investors, the appeal is the ability to purchase an income property and align the condition and presentation with your own tenant-ready standards. The provided remarks emphasize that buyers can bring their own finishing touches, making it a fit for those comfortable with renovation and personalization rather than turnkey expectations.
Key Highlights
- Oakland duplex built in 1952
- Garage plus off‑street parking
- Public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $30.60 |
| − Vacancy | −$2.5k | −$1.68 |
| EGI | $42.3k | $28.92 |
| − OpEx | −$12.7k | −$8.68 |
| NOI | $29.6k | $20.24 |
1,464 SF · lease $30.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$423.3K
$370.4K – $493.9K
NOI $29,634 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$379.5K
$332.1K – $442.7K
NOI $26,564 @ 7.0% cap · market cap 5.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers a flexible setup for owner-occupants or rental buyers seeking a property to refresh and personalize.
Where is this duplex located?
The property is located at 2353 83Rd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Oakland duplex built in 1952; Garage plus off‑street parking; Public water and public sewer
