2827 Market, Oakland, California 94608, Oakland, 94608 - bed, bath
2827 Market
Oakland, California 94608
Property Price
SUMMARY
Analysis of 2827 Market, Oakland, California 94608 is currently available with a list price of $799,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1884, this property has undergone renovations, but the kitchens and bathrooms appear to have been updated 15-25 years ago, making them functional but dated. Appliances are standard, not new. Flooring is a mix of hardwood and somewhat worn carpet. While the units are habitable, they show signs of age and would benefit from cosmetic updates, aligning with the 'fair' condition criteria for an aged but maintained property with outdated components.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Income Potential
The property features '2 houses for the price of one' with 3 units currently producing income, generating a substantial $7,750 per month when fully rented, indicating strong cash flow and investment return.
- Owner-Occupancy Flexibility
A spacious, vacant unit is available for the new owner, offering the option for immediate owner-occupancy while benefiting from rental income, or the potential to rent out for additional revenue.
- Prime Urban Location
Strategically located close to transportation, shopping, and downtown Oakland, providing excellent accessibility and convenience for residents.
CONSRISKS & DEFICIENCIES
- Historic Property Age
Built in 1884, the property is very old, which may imply potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher ongoing repair costs.
- Lack of Condition Details
The description provides no information regarding the current condition or recent updates of the units, which is crucial for an income-generating property and could hide significant repair needs.
- Management Complexity
Managing multiple units across '2 houses' can be complex and time-consuming, requiring dedicated landlord experience or the cost of professional property management.
About 2827 Market
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 it produces $7,750. a month, when all the units are rented It pays for itself
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1884
- Lot Size
- 4,109 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 5% |
| Baths | - | 2.0 | 5% |
| Square foot | - | 1,444 | 5% |
| Lot Size | 4,109 | 3,745 | 55% |
| Price | $799.0K | $850.0K | 43% |
| Price per sq ft | $0 | $568 | 5% |
| Built year | 1884 | 1911 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 93 | 159 | 17% |
Pricing History
Listed for Sale
Dec 4, 2025
$799,000
Initial Listing