2836 Myrtle Street, Emeryville, California 94608, Emeryville, 94608 - bed, bath
ACTIVE$850,000
2836 Myrtle Street, Emeryville, California 94608
0Bed
0Bath
2,590Sqft
6,250Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential & Flexibility: As a duplex, the property offers versatile options for dual living, rental income generation, or multi-generational housing, appealing to a broad range of buyers and investors.
Top Cons:
Extensive Renovation Required: The property is explicitly positioned as a 'project' requiring customization, which implies significant financial investment and time for updates and modernization.
Compared to the nearby listings
Price:$850.0K vs avg $850.0K (+$0)50%
Size:2,590 sqft vs avg sqft86%
Price/sqft:$328 vs avg $086%
More Insights
Built in 1904 (121 years old).
Condition: This 1904 Victorian duplex is explicitly marketed as a 'project' requiring 'extensive renovation.' While one kitchen shows some partial updates with stainless steel appliances and mid-range cabinets, the other kitchen is significantly outdated with old white appliances, laminate countertops, and very worn flooring, indicating a need for a complete overhaul. The property's age (1904) and the AI analysis highlight 'age-related maintenance & systems' and 'outdated infrastructure' (plumbing, electrical, HVAC), suggesting major system replacements are necessary. The overall condition points to substantial repairs and rehabilitation rather than minor updates, aligning with the 'poor' category, though it retains 'solid bones' and is not a tear-down.
Year Built
1904
Close
-
List price
$850K
Original List price
$970K
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014933
Home ConditionPoor
Features
View-
About this home
Discover the charm and potential of this Victorian duplex nestled in the vibrant heart of Oakland. This unique property offers the perfect opportunity for dual living or investment, with the option to live in one unit and rent out the other, or to create a multi generational living space. This property has inherent charm and solid bones that make it a worthwhile project for those looking to customize their dream home or enhance their investment portfolio. Located in a desirable neighborhood, don't miss out on this exceptional opportunity to own a piece of Oakland's rich history.
Condition Rating
Poor
This 1904 Victorian duplex is explicitly marketed as a 'project' requiring 'extensive renovation.' While one kitchen shows some partial updates with stainless steel appliances and mid-range cabinets, the other kitchen is significantly outdated with old white appliances, laminate countertops, and very worn flooring, indicating a need for a complete overhaul. The property's age (1904) and the AI analysis highlight 'age-related maintenance & systems' and 'outdated infrastructure' (plumbing, electrical, HVAC), suggesting major system replacements are necessary. The overall condition points to substantial repairs and rehabilitation rather than minor updates, aligning with the 'poor' category, though it retains 'solid bones' and is not a tear-down.
Pros & Cons
Pros
Income Potential & Flexibility: As a duplex, the property offers versatile options for dual living, rental income generation, or multi-generational housing, appealing to a broad range of buyers and investors.
Historic Victorian Charm: Built in 1904, the property boasts inherent Victorian architectural charm and character, offering a unique opportunity to own a piece of local history.
Value-Add Opportunity: Described as having 'solid bones' and being a 'worthwhile project,' it presents significant potential for customization, renovation, and future value appreciation.
Desirable Bay Area Location: Located in Emeryville (described as the 'vibrant heart of Oakland'), the property benefits from a sought-after Bay Area address with access to amenities and urban conveniences.
Significant Price Adjustment: The list price has seen substantial reductions from $970,000 to $850,000, indicating a motivated seller and potential for a competitive purchase.
Cons
Extensive Renovation Required: The property is explicitly positioned as a 'project' requiring customization, which implies significant financial investment and time for updates and modernization.
Age-Related Maintenance & Systems: Being built in 1904, the property is likely to have outdated infrastructure such as plumbing, electrical, and potentially no modern HVAC, leading to higher maintenance costs and potential for unforeseen repairs.
Market Perception from Price Drops: Multiple price reductions from the original list price of $970,000 to $850,000 could suggest initial overpricing or perceived issues that have deterred buyers, potentially indicating a longer time on market or value concerns.