1602 87th Avenue, Oakland, California 94621, Oakland, 94621 - 0 bed, 0 bath
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Oakland, California 94621
This High-Potential Investment Opportunity is a Triplex listed at $597,000, positioned well above the $436,726 Fair Market Value by -36%. Featuring a 1930s duplex and a detached 3-bed/2-bath single-family home, the property offers significant Value-Add Potential through cosmetic renovations. Despite a Condition Rating of 5, the newer roof and windows provide a stable foundation. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income from the duplex while occupying the vacant standalone home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1602 87th Avenue Subject | $597,000* List Price | 0 | 0 | 2,302 | $190 | - |
A 7425 Weld Street Sold | $560,000 | 0 | 0 | 1,952 | $287 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this 94-year-old property requires significant rehab despite having a newer roof and windows. The bathroom is severely dated with visible wear, and the exterior stucco shows significant patching and peeling paint, indicating a need for more than just minor cosmetic updates.
The property features a duplex plus a detached single-family home delivered vacant, offering a perfect blend of owner-occupancy potential and immediate rental income.
With a newer roof and updated windows already in place, the property provides a solid foundation, minimizing the risk of high-cost immediate structural repairs.
The need for cosmetic finishing touches allows an investor to build equity quickly through minor renovations, leading to higher market rents and increased property valuation.
The local public schools are rated between 1 and 3, which may limit the property's appeal to families and affect long-term appreciation rates.
The property requires fresh paint and finishing touches throughout, necessitating an upfront budget for renovations before achieving its full market potential.
A classic 1930s duplex at 1600 & 1602 87th Ave, each unit a spacious 2-bed/1-bath, along with a detached 3-bed/2-bath single-family home at 8714 Holly St complete with its own garage. Situated on a corner parcel, the two duplex units can provide rental income, while the standalone home will be delivered vacant; making it an ideal owner-occupant opportunity or a value-add rental. The property benefits from important updates including newer windows and a newer roof, offering a strong foundation for further cosmetic upgrades needed. With fresh paint and finishing touches, there is significant upside potential in rents and overall property value.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.6 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,302 | 2,103 | 55% |
| Lot Size | 4,500 | 5,300 | 45% |
| Price | $597.0K | $560.0K | 64% |
| Price per sq ft | $259 | $230 | 55% |
| Built year | 1930 | 1924 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 152 | 9% |
May 15, 2026
$597,000
Initial Listing