1311 87th Ave, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE$499,000
1311 87th Ave, Oakland, California 94621
0Bed
0Bath
Sqft
2,835Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: As a fully vacant duplex, this property presents an excellent opportunity for investors to set market rents immediately or for an owner-occupier to generate income from one unit.
Top Cons:
Significant Price Reduction: A substantial price drop from $599,000 to $499,000 could indicate initial overpricing or market resistance, potentially raising questions about its true market value.
Compared to the nearby listings
Price:$499.0K vs avg $602.5K ($-103,500)13%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1908 (117 years old).
Condition: The property, built in 1908, has received recent cosmetic updates such as fresh paint and some newer flooring, making it appear clean and move-in ready on the surface. However, the kitchen features dated cabinets and countertops, and lacks visible modern appliances (only a refrigerator is shown). Heating is provided by wall-mounted units, not a modern central system. While maintained, the age of the property and the outdated key components like the kitchen and heating system indicate it requires minor to moderate updates to meet current standards, aligning with a 'Fair' condition.
Year Built
1908
Close
-
List price
$499K
Original List price
$599K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41115036
Home ConditionFair
Features
Patio
View-
About this home
Don’t miss this rare opportunity to own a fully vacant, gated duplex at 1311 87th Ave in Oakland—perfect for investors, previous tenants paid $2,700 monthly. Each spacious unit offers 3 bedrooms, private entry, its own yard, and dedicated laundry/storage room. Freshly painted and well-maintained, the upstairs unit features a large primary bedroom with vaulted ceilings and a walk-in closet, adding comfort and charm to this versatile property.
Nearby schools
1/10
New Highland Academy
Public,•K-5•0.1mi
2/10
Rise Community School
Public,•K-5•0.1mi
5/10
Acorn Woodland Elementary School
Public,•K-5•0.5mi
1/10
Encompass Academy Elementary
Public,•K-5•0.5mi
2/10
Elmhurst Community Prep School
Public,•6-8•0.7mi
1/10
Roots International Academy
Public,•6-8•1.1mi
1/10
Castlemont High
Public,•9-12•1.0mi
3/10
Coliseum College Prep Academy
Public,•6-12•1.1mi
2/10
Fremont High
Public,•9-12•2.4mi
2/10
Oakland International High School
Public,•9-12•7.3mi
Condition Rating
Fair
The property, built in 1908, has received recent cosmetic updates such as fresh paint and some newer flooring, making it appear clean and move-in ready on the surface. However, the kitchen features dated cabinets and countertops, and lacks visible modern appliances (only a refrigerator is shown). Heating is provided by wall-mounted units, not a modern central system. While maintained, the age of the property and the outdated key components like the kitchen and heating system indicate it requires minor to moderate updates to meet current standards, aligning with a 'Fair' condition.
Pros & Cons
Pros
Investment Opportunity: As a fully vacant duplex, this property presents an excellent opportunity for investors to set market rents immediately or for an owner-occupier to generate income from one unit.
Individual Unit Amenities: Each unit offers desirable features including 3 bedrooms, private entry, its own dedicated yard, and separate laundry/storage, enhancing tenant appeal and privacy.
Well-Maintained Condition: The property is described as 'freshly painted and well-maintained,' suggesting a move-in ready state with potentially reduced immediate maintenance costs for the buyer.
Enhanced Security: The property is gated, providing an added layer of security and privacy for its residents.
Premium Unit Features: The upstairs unit boasts attractive features such as a large primary bedroom with vaulted ceilings and a walk-in closet, adding comfort and charm.
Cons
Significant Price Reduction: A substantial price drop from $599,000 to $499,000 could indicate initial overpricing or market resistance, potentially raising questions about its true market value.
Age of Property: Built in 1908, the property is over a century old, which may imply higher ongoing maintenance requirements and potential needs for significant system upgrades (e.g., plumbing, electrical) not explicitly detailed.
Low-Rated Local Schools: The majority of public schools in the immediate vicinity have low ratings, which could be a deterrent for families with school-aged children.