1233 87th Ave, Oakland, California 94621, Oakland, 94621 - 0 bed, 0 bath
Loading property details...
Oakland, California 94621
This Multi-Unit Value-Add Asset is listed at $579,999, offering a stable entry point near its $551,255 Fair Market Value. The property features a high-yield configuration with two homes on a single lot, including a well-maintained primary residence and a secondary "contractor's special" ready for renovation. With a Condition Rating of 5, a 2018 partial sewer lateral replacement, and proximity to Acorn Woodland Elementary School, the asset provides a clear path for forced appreciation. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a multi-unit project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1233 87th Ave Subject | $579,999* List Price | 0 | 0 | 1,533 | $360 | - |
A 1663 85th Ave Sold | $525,000 | 3 | 2 | 1,320 | $398 | 0.4 mi |
B 1045 1045 72nd Avenue Sold | $415,000 | 2 | 1 | 1,378 | $301 | 0.9 mi |
C 1441 88th Ave Sold | $410,000 | 2 | 1 | 1,192 | $344 | 0.2 mi |
D 1769 87th Avenue Sold | $435,000 | 3 | 1 | 1,352 | $322 | 0.5 mi |
E 1718 88th Ave Sold | $446,766 | 3 | 1 | 1,044 | $428 | 0.4 mi |
F 2027 83rd Ave Active | $698,000 List Price | 2 | 2 | 1,561 | $447 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property, built in 1935, comprises two homes. While the main house has some recent cosmetic updates like new laminate flooring and fresh paint, its kitchen and bathroom are significantly outdated with basic fixtures, older appliances, and dated styles, requiring substantial renovation. The second unit is explicitly a 'contractor's special' needing considerable work, and its exterior appears neglected. Overall, the property requires substantial repairs and rehabilitation to bring both units up to modern standards.
The property features two homes on one lot, offering significant flexibility for rental income, multi-generational living, or a dedicated workspace.
The main house is explicitly described as well-maintained, suggesting immediate move-in readiness for the primary residence.
A partial sewer lateral replacement was completed in February 2018, addressing a common and often costly maintenance concern for older properties.
The second house is a 'contractor's special' and needs work, implying immediate investment and effort from the buyer to make it fully functional or rentable.
Water service is shared between the two homes, which could lead to complications in billing and usage management if occupied by different parties.
Several nearby schools have low ratings (1-2), which may be a concern for families with school-aged children and could impact long-term property appeal and value.
Two Homes on One Lot! The main house is well maintained and features a bonus room with washer and dryer hookups. It has a separate electric meter, while water service is shared. A partial sewer lateral replacement was completed in February 2018. The second, smaller house is a contractor's special—it needs work but doesn't require major repairs, offering great value for the right buyer. Plus, there's a shed adjacent to the smaller home for additional storage or workshop space.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 2% |
| Baths | 0.0 | 1.0 | 2% |
| Square foot | 1,533 | 1,116 | 96% |
| Lot Size | 6,500 | 4,120 | 98% |
| Price | $580.0K | $500.0K | 89% |
| Price per sq ft | $378 | $437 | 28% |
| Built year | 1935 | 1924 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 294 | 179 | 98% |
Nov 21, 2025
$579,999
$599,999
-3% Price Drop
Initial Listing
Jul 2, 2025
$599,999
Initial Listing