256 29th St, Oakland, California 94611, Oakland, 94611 - 0 bed, 0 bath
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Oakland, California 94611
This Renovated Adams Point Multi-Unit Property is a High-Potential Investment Opportunity, listed at $1,795,000—positioned well below the $2,140,016 Fair Market Value by 16%. This valuation gap offers $345,016 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 2, the asset features turnkey interior upgrades, including renovated kitchens and stainless steel appliances. With two vacant units and ADU potential, it provides immediate rental upside in a prime commuter location near Grand Lake. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 256 29th St Subject | $1,795,000* List Price | 0 | 0 | 4,308 | $497 | - |
A 4215 Terrace St Sold | $1,755,000 | 0 | 0 | 3,442 | $510 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1926 construction, the property has undergone extensive recent renovations that meet modern quality standards. The kitchens are fully updated with contemporary cabinetry, quartz countertops, and stainless steel appliances, while the bathrooms feature trendy tile work and new fixtures. The interior is in turnkey condition with updated flooring, recessed lighting, and fresh paint throughout.
Situated in the highly desirable Adams Point neighborhood, the property is blocks from Grand Lake and Piedmont Avenue, ensuring high tenant demand and excellent commuter access to San Francisco and Berkeley.
With two units delivered vacant and an additional in-law unit, the property offers immediate opportunity to capture market-rate rents and explore further value-add potential through ADU development.
The building features extensively renovated kitchens and bathrooms with stainless steel appliances and updated flooring, significantly reducing the need for immediate capital expenditures.
The assigned elementary and middle schools have low performance ratings (1 and 2 out of 10), which may deter families and impact long-term tenant stability.
Built in 1926, the property may require ongoing maintenance and potential seismic or system upgrades typical of century-old structures, despite recent cosmetic renovations.
Exceptional Adams Point 4-plex + in-law unit in one of Oakland’s most desirable rental locations. 254–256 29th Street features four large ~1,000 SF 2BD/1BA units plus a 2BD/1BA in-law, with two vacant units offering immediate upside for owner-occupants or investors seeking market rents. The 4,308 SF property has been extensively upgraded with renovated kitchens and baths, stainless steel appliances, and updated flooring throughout. Situated on a spacious lot with ADU potential (buyer to verify) and three detached garages, the property also benefits from separate gas/electric metering and individual water heaters for efficient operations. Prime location just blocks from Grand Lake, Piedmont Ave, and Broadway retail (Sprouts, Starbucks, CVS, and more), with easy access to 19th St BART, I-580, and I-880—ideal for commuters to Oakland, Berkeley, and San Francisco. A rare opportunity offering strong in-place income, immediate upside, and long-term growth in a premier Oakland neighborhood.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
Grades 2-5 • 1.4 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 | 4,308 | 3,061 | 75% |
| Lot Size | 6,274 | 5,314.5 | 50% |
| Price | $1.79M | $1.39M | 75% |
| Price per sq ft | $417 | $400 | 50% |
| Built year | 1926 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 181 | 25% |
Mar 25, 2026
$1,795,000
Initial Listing
May 9, 2022
$1,559,500
Public Record
Feb 2, 2000
$48,500
Public Record