2731 E 11th Street, Oakland, California 94601, Oakland, 94601 - 4 bed, 3 bath
2731 E 11th Street
Oakland, California 94601
Property Price
SUMMARY
Analysis of 2731 E 11th Street, Oakland, California 94601 reveals a property with a current list price of $769,000, which is 21% above the estimated $607,273 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2731 E 11th Street Subject | $769,000* List Price | 4 | 3 | 2,500 | $243 | - |
A 1822 40th Ave Sold | $545,000 | 4 | 2 | 1,600 | $341 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
This property, built in 1900, is in need of substantial repairs and rehabilitation. The kitchen features dated light wood cabinets, older white and black appliances, and a dated ceiling fan, requiring a full renovation to meet modern standards. The bathrooms also exhibit outdated light wood vanities, older countertops, and dated strip lighting. While some areas have hardwood flooring, other areas feature dated large-format tiles and worn carpets. The overall condition, as indicated by the description's 'TLC transforms it into a hidden gem,' suggests significant investment is needed beyond minor cosmetic updates, likely including major system upgrades given the age of the home.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Mixed-Use Zoning
The property is a captivating mixed-use duplex, allowing for both commercial and residential ventures in a mild industrial area, offering significant flexibility for investors or owner-occupiers.
- Significant Space & Expansion Potential
Boasting four stories, including additional living space downstairs and an attic, along with expansive space underneath the property, it offers substantial square footage and potential for further development or customization.
- Multigenerational & Income Potential
Designed for a unique multigenerational-style setting, this property is ideal for extended family living, generating rental income, or various commercial endeavors, appealing to a broad range of buyers.
CONSRISKS & DEFICIENCIES
- Requires Significant Renovation
The description explicitly states 'TLC transforms it into a hidden gem,' indicating that the property requires considerable renovation and investment to reach its full potential.
- Age of Property
Built in 1900, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and higher maintenance costs, which are not detailed but implied by the need for 'TLC'.
- Mild Industrial Area Location
While beneficial for commercial use, its location in a 'mild industrial area' might be a drawback for residential buyers seeking a traditional, quiet neighborhood environment, potentially affecting residential desirability.
About 2731 E 11th Street
Discover endless possibilities at 2731 E 11th St, Oakland, CA 94601 a captivating mix-use duplex that seamlessly blends commercial and residential charm. Ideal for investors and buyers alike, this property offers a unique multigenerational-style setting. TLC transforms it into a hidden gem. Step into spacious rooms and a well-appointed kitchen, showcasing the potential for comfortable living. The primary bedroom, accompanied by an additional room, exemplifies the generous layout. Large bedrooms throughout provide versatility. A good-sized backyard and expansive space underneath the property offer endless potential. Discover large sheds, storage, and a garage with room for a lift or workshop. Classified as a mix-use duplex, this property opens doors for commercial ventures in a mild industrial area. With four stories, including additional living space downstairs and an attic that could serve as an extra bedroom, the property caters to savvy buyers seeking diverse opportunities. Perfect for generational living, rental income, or commercial endeavors - this property is a rare find. Don't miss out on this unique gem; it's a canvas ready for your vision. Take action and explore the boundless possibilities at 2731 E 11th St where potential meets value, and dreams turn into reality.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
International Community School
Grades K-5 • 0.2 mi
Think College Now School
Grades K-5 • 0.2 mi
Garfield Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 72% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 2,500 | 1,224.5 | 96% |
| Lot Size | 5,000 | 4,184 | 74% |
| Price | $769.0K | $572.5K | 88% |
| Price per sq ft | $308 | $438 | 14% |
| Built year | 1900 | 1919 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 768 | 170 | 0% |
Pricing History
Listed for Sale
Jan 29, 2024
$769,000
Initial Listing