2116 International Blvd, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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Oakland, California 94606
This Multi-Unit Residential Income Asset is listed at $1,280,000, offering a strategic acquisition in a rapidly developing Oakland corridor. While the price exceeds the $1,127,280 Fair Market Value, the property provides 6 Income-Producing Units (4 legal, 2 non-conforming) with substantial Rental Upside Potential. With a Condition Rating of 5, the 1964 structure presents a clear Value-Add Opportunity for modernization. Proximity to Fruitvale BART, I-880, and schools like Garfield Elementary ensures high tenant demand and long-term appreciation. This is an ideal play for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2116 International Blvd Subject | $1,280,000* List Price | 0 | 0 | 3,011 | $374 | - |
A 1925 1925 E 15th St Active | $925,000 List Price | 0 | 0 | 2,493 | $371 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1964, making it 60 years old. While the description mentions a 'well-maintained structure,' the exterior images clearly show a dated appearance with visible wear, discolored paint, older windows, and cracked sidewalks, indicating a lack of recent exterior renovation. There are no interior photos provided, especially of the kitchens and bathrooms. For a multi-unit building of this age without evidence of recent major renovations, it is highly probable that the kitchens, bathrooms, and major systems (plumbing, electrical, HVAC) are significantly outdated and require substantial repairs and rehabilitation to meet current quality standards and achieve the stated 'rental upside potential'.
Features 6 income-producing units (4 legal, 2 non-conforming) with strong rental demand and significant upside potential, ideal for cash flow and long-term growth.
Situated in a rapidly developing Oakland neighborhood with excellent proximity to Fruitvale and Lake Merritt BART Stations, I-880, shops, restaurants, and public transit.
Located in an 'up-and-coming area' perfectly positioned for strong rental demand and capital appreciation.
Two of the six units are non-conforming, posing potential legal, permitting, and compliance risks that require buyer verification.
The listing explicitly states 'Buyer to verify all permits, square footage, and unit legality,' indicating potential complexities and costs associated with verifying the property's status.
Built in 1964, the 60-year-old structure may require future capital expenditures for system upgrades or major renovations, despite being currently 'well-maintained'.
Excellent investment opportunity in a rapidly developing Oakland neighborhood! This multi-unit property features 4 legal units plus 2 non-conforming units, offering a total of 6 income-producing spaces. Ideally located near Fruitvale and Lake Merritt BART Stations with easy access to the 880 freeway, this property is perfectly situated for strong rental demand and future appreciation. The building offers over 3,000 sq. ft. of living space on a 3,703 sq. ft. lot. Well-maintained structure with stable tenancy and significant rental upside potential. Proximity to shops, restaurants, public transit, and major transportation corridors makes this a highly desirable location. 4 legal units + 2 non-conforming units Strong income potential Convenient access to BART and I-880 Located in an up-and-coming area near Fruitvale & Lake Merritt Ideal for investors seeking cash flow and long-term growth Buyer to verify all permits, square footage, and unit legality.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 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 | 3,011 | 2,586.5 | 70% |
| Lot Size | 3,703 | 4,775 | 30% |
| Price | $1.28M | $845.0K | 80% |
| Price per sq ft | $425 | $299 | 80% |
| Built year | 1964 | 1924 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 198 | 209 | 40% |
Oct 6, 2025
$1,280,000
Initial Listing
Feb 1, 2001
$385,000
Public Record