
Oakland, California 94610
This 1906 multifamily property represents a High-Potential Investment Opportunity, listed at $1,988,000—positioned well below the $1,885,910 Fair Market Value by -5%. Featuring a 4-unit plus bonus unit configuration and a Condition Rating of 4, the asset offers significant value-add potential through cosmetic updates. Located steps from Lake Merritt and near top-rated schools like Crocker Highlands Elementary, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the vacant 4-bedroom unit for immediate income or residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 260 Park View Terrace Subject | $1,988,000* List Price | 0 | 0 | 3,322 | $568 | - |
A 550 Vernon St Sold | $2,050,000 | 0 | 0 | 3,430 | $598 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1906, the property shows signs of aging with interior renovations (kitchens and baths) that appear to be 20-30 years old, featuring dated oak cabinetry, laminate countertops, and older white appliances. While functional and move-in ready for tenants, the units require significant cosmetic and system updates to reach modern standards, as reflected in the listing's suggestion to renovate.
Elementary School: Crocker Highlands Elementary School (9/10). Middle School: Piedmont Middle School (9/10). High School: Piedmont High School (10/10).
Situated in the highly desirable Adams Point neighborhood, the property is steps from Lake Merritt and offers exceptional walkability to vibrant dining, shopping, and urban amenities.
The large 4-bedroom unit is delivered vacant at close of escrow, providing a rare opportunity for owner-occupancy or the ability to immediately lease at current market rates.
With 99 days on market and multiple price reductions from the original $2.1M ask, the property may carry a market stigma that requires aggressive negotiation.
Built in 1906, this century-old structure likely requires significant ongoing capital expenditure for system upgrades and structural upkeep compared to modern multifamily assets.
Discover a rare opportunity to own a piece of Oakland's history at 260 Park View Terrace. Situated in the sought-after Adams Point neighborhood, this character-rich 1906 multifamily property offers four units plus one bonus unit across 3,322 SF. Whether you're an owner-occupier looking to live in one unit while generating rental income from the rest, or an investor looking to expand your portfolio, this asset offers exceptional versatility. The property's classic architecture and timeless appeal set it apart in a market where character is increasingly rare. Steps from the scenic shores of Lake Merritt and immersed in one of Oakland's most vibrant and walkable neighborhoods, the location speaks for itself. Residents enjoy easy access to dining, parks, transit, restaurants, shopping, and the energy of a truly thriving urban community. The spacious 4-bedroom unit will be delivered vacant at the Close of Escrow, offering immediate flexibility, move in, renovate, or lease at market rate from day one. Seller financing may be available with the right offer.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,322 | 2,530.25 |
| Lot Size | 6,250 | 4,390.625 |
| Price | $1.99M | $918.2K |
| Price per sq ft | $598 | $343 |
| Built year | 1906 | 1921 |
| HOA | $0 | $0 |
| Days on market | 128 | 66 |
Jun 24, 2026
$1,988,000
$2,050,000
-3% Price Drop
Initial Listing
Jun 10, 2026
$2,050,000
$2,100,000
-2% Price Drop
Initial Listing
May 4, 2026
$2,100,000
Initial Listing
Apr 7, 2022
$1,852,500
Public Record
Jul 22, 2019
$1,750,000
Public Record
Jun 13, 2016
$1,150,000
Public Record
Oct 29, 2004
$1,035,000
Public Record