
Oakland, California 94608
This Duplex Residential Income property is a High-Potential Investment Opportunity, listed at $949,000—positioned well above the $831,242 Fair Market Value. While the price reflects a premium, the property features a Mint Condition Rating following extensive infrastructure upgrades, including a new foundation and systems. The Mills Act status provides a unique, perpetual tax advantage, enhancing long-term cash flow. With modern finishes like waterfall countertops and LVP flooring, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property in a high-demand commuter corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2804 Adeline St Subject | $949,000* List Price | 0 | 0 | 1,586 | $524 | - |
A 679 28th St Pending | $875,000 List Price | 0 | 0 | 1,794 | $488 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive, high-end restoration within the last 5 years. Major structural and mechanical systems are new, including the foundation, roof, electrical, and plumbing. Interiors feature modern kitchens with waterfall countertops, updated bathrooms, and new LVP flooring, meeting the criteria for mint condition with no immediate maintenance required.
The property benefits from Mills Act status, providing owners with substantially reduced property taxes in perpetuity, offering a rare and powerful long-term financial advantage.
Extensive modernizations including a new foundation, roof, electrical, and plumbing systems mitigate the typical risks of a 1906 build while delivering contemporary reliability.
Positioned near the Emeryville border with exceptional access to BART, San Francisco, and major freeways, the property is ideally located for high rental demand and professional tenants.
The majority of the assigned public schools in the immediate area carry low performance ratings, which may deter families and impact long-term appreciation potential.
With only 1,586 total square feet divided into two units, the individual living spaces may feel restrictive for larger households or multi-generational occupants.
Positioned in the heart of West Oakland near the Emeryville border, 2804 Adeline Street presents a rare duplex opportunity blending income potential, flexibility, and extensive modern upgrades in one of Oakland’s most connected neighborhoods. Ideal for owner-occupants, multigenerational living, or investors, this versatile property offers two distinct units with strong rental appeal and long-term upside. Thoughtfully restored while preserving its original architectural character, the property benefits from Mills Act status, offering significantly reduced property taxes in perpetuity — a substantial long-term financial advantage for ownership. Nearly every major system has been upgraded, including new foundation, electrical, plumbing, roof, and more, delivering the benefits of modern infrastructure while maintaining timeless charm. The property features beautifully updated kitchens with waterfall countertops and new cabinetry, three remodeled bathrooms with custom tile work, fresh interior paint throughout, and durable new LVP flooring. Additional improvements include completed sewer lateral and sidewalk compliance, providing added confidence and convenience for future ownership. Residents will appreciate the convenience of parking, private outdoor space, and exceptional commuter access to Emeryville, BART, Downtown Oakland, major freeways, and San Francisco. Located in a rapidly evolving corridor with continued growth and demand, 2804 Adeline Street offers a compelling opportunity to live, invest, or generate income in a prime East Bay location with meaningful long-term tax savings.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 2-5 • 0.8 mi
Grades PK-3 • 1.0 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 | 1,586 | 2,258.5 | 35% |
| Lot Size | 3,500 | 3,984 | 40% |
| Price | $949.0K | $933.5K | 50% |
| Price per sq ft | $598 | $415 | 80% |
| Built year | 1906 | 1914 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 100 | 5% |
May 30, 2026
$949,000
Initial Listing
Feb 5, 2020
$789,000
Public Record
Feb 18, 2000
$140,000
Public Record
Feb 27, 1998
$140,000
Public Record