2021 27th Ave, Oakland, California 94601, Oakland, 94601 - 0 bed, 0 bath
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Oakland, California 94601
This Development-Ready Multi-Unit Asset is listed at $400,000, positioned fairly relative to its $365,366 Fair Market Value. While the site currently holds a Condition Rating of 5, it represents a High-Potential Investment Opportunity as it includes completed permits and architectural drawings for a front-house rebuild. The existing 1980s back house is functional with a new kitchen and sewer lateral. Proximity to top-tier schools like Lincoln Middle (9/10) and Alameda High (9/10) provides significant long-term value. This project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2021 27th Ave Subject | $400,000* List Price | 0 | 0 | 1,563 | $234 | - |
A 3300 E 17th St Sold | $500,000 | 4 | 2 | 1,647 | $304 | 0.4 mi |
B 2725 Inyo Avenue Pending | $449,900 List Price | 4 | 2 | 2,181 | $206 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is a major project as the front house was demolished due to poor condition and requires a total rebuild. While the back house (built 1980) features a new kitchen and sewer lateral, the overall site requires significant construction and rehab to be fully functional.
Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
The property comes with completed permits and architectural drawings for the front house rebuild, significantly reducing the time and administrative burden for the new owner.
The 3-bedroom, 2-bathroom back house is already functional and features a newly remodeled kitchen and a compliant sewer lateral, offering immediate rental income or living space.
Because the front house has been demolished, the buyer must have the financial capacity and expertise to manage a full reconstruction project from the ground up.
The majority of the immediate neighborhood public schools have low performance ratings, which may impact the property's long-term appreciation and appeal to families.
Land use is 2 houses on 1 lot. Front house was torn down due to condition. Buyer must rebuild. Permit and drawings complete. Back house is 3/2 built about 1980 but has new kitchen and sewer lateral.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 4% |
| Baths | 0.0 | 2.0 | 4% |
| Square foot | 1,563 | 1,395 | 67% |
| Lot Size | 4,000 | 4,370 | 40% |
| Price | $400.0K | $595.0K | 9% |
| Price per sq ft | $256 | $432 | 7% |
| Built year | 1980 | 1919 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 118 | 7% |
Apr 28, 2026
$400,000
Initial Listing