2827 Market, Oakland, California 94608, Oakland, 94608 - bed, bath
ACTIVE$799,000
2827 Market, Oakland, California 94608
0Bed
0Bath
Sqft
4,109Lot
Year Built
1884
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41118697
Home ConditionPoor
Features
Deck
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $799.0K(48th), sqft - 0(4th), beds - undefined(4th), baths - undefined(4th).
2 houses for the price of one, 3 units are producing income, has a very spacious, vacant unit for the new owner. Close to transportation, shopping and downtown Oakland First Fridays is celebrated within walking distance, night market and food hall on Peralta St, farmer's market locations just a few minutes driving
Price History
Date
Event
Price
12/04/25
Listing
$799,000
Condition Rating
Poor
Built in 1884, this property is very old and shows significant signs of deferred maintenance and outdated features. The kitchens, while functional with black appliances and dark wood cabinets, are clearly dated. Bathrooms are basic with pedestal sinks and older floor tiles, indicating they have not been updated recently. Flooring consists of worn carpets and scratched hardwood. The exterior exhibits extensive peeling paint and weathered wood, requiring substantial rehabilitation. The property's age suggests a high likelihood of needing significant investment in system upgrades (plumbing, electrical) beyond cosmetic repairs, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Significant Income Potential: The property features three income-producing units, offering immediate cash flow and a strong return on investment opportunity.
Owner-Occupancy or Additional Rental Opportunity: A spacious, vacant unit is available for the new owner, providing flexibility for owner-occupancy while generating income, or the potential to maximize rental revenue.
Excellent Walkability & Urban Amenities: Located close to transportation, shopping, and downtown Oakland, with First Fridays, night markets, food halls, and farmer's markets within walking distance or a short drive, enhancing lifestyle and tenant appeal.
Multi-Unit Configuration: Described as '2 houses for the price of one' with multiple units, this property offers versatility for investors, multi-generational living, or maximizing rental income streams.
Established Neighborhood & Historic Charm: Built in 1884 within the 'WEST OAK' subdivision, the property likely possesses historical character and is situated in a mature, vibrant community.
Cons
Age of Property & Potential Maintenance: Constructed in 1884, the property is very old, suggesting a high likelihood of requiring significant investment in deferred maintenance, system upgrades (plumbing, electrical), and general renovations.
Conflicting Property Type Information: The listing identifies the property as a 'Single Family Residence' yet describes '2 houses for the price of one' and '3 units are producing income,' which could indicate zoning discrepancies, legal non-conforming status, or challenges with financing and appraisal.
Limited Lot Size for Multi-Unit: With a lot size of 4109 sqft for what is described as '2 houses' and '3 units,' there may be limited private outdoor space or a dense configuration, which could be a drawback for some buyers or tenants.