2737 12th Avenue, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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Oakland, California 94606
This Value-Add Residential Income Duplex is a High-Potential Investment Opportunity, listed at $899,000—positioned well below the $1,035,710 Fair Market Value by 13%. This valuation gap offers $136,710 in Instant Equity. The property features two 3-bedroom units with a projected $7,000 monthly rental income and rare nine-car parking capacity. While holding a Condition Rating of 4, the dated interiors offer significant upside for forced appreciation. Near the 9/10 rated Crocker Highlands Elementary, it is ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2737 12th Avenue Subject | $899,000* List Price | 0 | 0 | 2,729 | $380 | - |
A 2232 11th Ave Sold | $680,000 | 0 | 0 | 2,189 | $311 | 0.3 mi |
B 1914 22nd Ave Sold | $735,000 | 0 | 0 | 2,738 | $268 | 0.8 mi |
C 1439 7th Ave Active | $695,000 List Price | 0 | 0 | 2,626 | $265 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1913, this duplex features kitchens and interiors that appear to have been updated approximately 20-25 years ago. While functional and move-in ready for tenants, the property is dated with older oak cabinetry, fluorescent lighting, and worn carpeting, requiring cosmetic updates and minor repairs to meet modern market standards.
Elementary School: Crocker Highlands Elementary School (9/10).
With a projected monthly rental income of $7,000 from two 3-bedroom units, this property offers a strong gross rent multiplier and attractive cash flow potential for investors.
The rare inclusion of a four-car garage plus additional off-street parking for five more vehicles provides a significant competitive advantage in a high-density Oakland neighborhood.
Built in 1913, the property likely requires updates to its aged systems and cosmetic finishes, as the kitchens are noted to be in only 'decent' condition and ready for renovation.
While some local elementary schools perform well, several nearby middle and high schools have low ratings (2/10 to 4/10), which may limit the property's appeal to education-focused families.
Discover this spacious duplex at 2737 12th Ave in Oakland, offering 2,729 square feet of comfortable living space, split into two 1,365-square-foot units, perfect for families or investors. What Youll Love: Two Separate Units: Each 1,365 sq ft unit has 3 bedrooms and 2 bathrooms, ideal for multi-family living or renting out. Great Rental Income: Each unit has a current rental value of $3,500 per month, total $7,000, offering strong investment potential. Functional Kitchens: Both units feature kitchens in decent condition, ready for your personal touch to make them shine. Lots of Parking: A four-car garage plus space for five more cars in the front and back yards. Outdoor Space: A 3,880-square-foot lot with room to relax or play outside. More Perks: Perfect for two families to live together with privacy and shared outdoor space. Oaklands affordability compared to other Bay Area cities makes this a smart buy. This Oakland home is a great blend of comfort and opportunity, whether for multi-family living or rental income. Dont miss out on this practical and charming property!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 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 | 2,729 | 2,582 | 50% |
| Lot Size | 3,880 | 4,775 | 40% |
| Price | $899.0K | $817.0K | 50% |
| Price per sq ft | $329 | $299 | 70% |
| Built year | 1913 | 1920 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 209 | 10% |
Mar 1, 2026
$899,000
Initial Listing
May 7, 1997
$107,000
Public Record