2021 27th Ave, Oakland, California 94601, Oakland, 94601 - bed, bath
ACTIVE$400,000
2021 27th Ave, Oakland, California 94601
0Bed
0Bath
Sqft
4,000Lot
Year Built
1980
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41100631
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $400.0K(16th), sqft - 0(5th), beds - undefined(5th), baths - undefined(5th).
Land use is 2 houses on 1 lot. Front house was torn down due to condition. Buyer must rebuild. Permit and drawings are 85% complete. Back house is 2/2 built about 1980 but has new kitchen and sewer lateral
Nearby schools
3/10
International Community School
Public,•K-5•0.4mi
5/10
Think College Now School
Public,•K-5•0.4mi
3/10
Manzanita Seed
Public,•K-5•0.5mi
2/10
Global Family School
Public,•K-5•0.9mi
4/10
Fruitvale Elementary School
Public,•K-5•1.0mi
2/10
Allendale Elementary School
Public,•K-5•1.2mi
8/10
Edison Elementary School
Public,•K-5•1.5mi
5/10
Glenview Elementary School
Public,•K-5•1.5mi
2/10
Horace Mann Elementary School
Public,•K-5•1.6mi
4/10
Urban Promise Academy
Public,•6-8•0.3mi
3/10
United For Success Academy
Public,•6-8•0.6mi
4/10
Roosevelt Middle School
Public,•6-8•0.6mi
6/10
Edna Brewer Middle School
Public,•6-8•1.3mi
2/10
Bret Harte Middle School
Public,•6-9•1.5mi
3/10
Melrose Leadership Academy
Public,•PK-8•1.7mi
9/10
Lincoln Middle School
Public,•6-8•2.3mi
1/10
Roots International Academy
Public,•6-8•2.5mi
2/10
Fremont High
Public,•9-12•1.2mi
4/10
Oakland High School
Public,•9-12•1.5mi
9/10
Alameda High School
Public,•9-12•1.8mi
3/10
Coliseum College Prep Academy
Public,•6-12•2.5mi
4/10
Skyline High School
Public,•9-12•3.6mi
2/10
Oakland International High School
Public,•9-12•3.8mi
Price History
Date
Event
Price
06/07/25
Listing
$400,000
Condition Rating
Poor
The property consists of two houses on one lot; the front house was torn down due to its condition and requires a complete rebuild, which is a substantial rehabilitation project. While the back house, built in 1980, features a new kitchen and sewer lateral, the overall age of the structure (44 years old) and the lack of information regarding the condition of bathrooms, other major systems, and general wear and tear suggest significant updates and repairs are likely needed beyond the kitchen. The provided image also depicts a rough exterior and cracked concrete, indicating a lack of overall maintenance for the property.
Pros & Cons
Pros
Dual-Unit Configuration: The property's land use allows for two houses on one lot, offering significant potential for rental income, multi-generational living, or a live-work setup.
Advanced Rebuild Planning: Permits and architectural drawings for the front house rebuild are 85% complete, substantially reducing the buyer's initial planning and approval burden.
Modernized Existing Unit: The back house features a newly updated kitchen, enhancing its appeal and immediate livability for occupants.
Essential Infrastructure Upgrade: A new sewer lateral has been installed for the back house, mitigating a common and potentially costly maintenance concern for the buyer.
Value-Add Investment Opportunity: The unique 'rebuild and rent/live' scenario in a desirable Oakland market presents a strong opportunity for significant equity growth and return on investment.
Cons
Extensive Rebuild Requirement: The front house requires a complete rebuild, demanding substantial capital investment and project management from the buyer.
Significant Project Management Burden: The buyer must be prepared to oversee a substantial construction project, which can be time-consuming, complex, and require specialized expertise.
Potential Financing Challenges: Securing conventional financing for a property with a torn-down structure and required rebuild may be more challenging, potentially requiring specialized construction loans.