2841 Octavia St, Oakland, California 94619, Oakland, 94619 - 0 bed, 0 bath
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Oakland, California 94619
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $1,288,888—positioned above the $1,193,807 Fair Market Value. While priced at a premium, the property features a Good Condition Rating with significant capital improvements, including a three-year-old roof and remodeled kitchens. The high vacancy rate provides immediate control over market-rate leasing, while the spacious 4-bedroom unit offers a rare house-hacking configuration. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing property in an established Oakland neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2841 Octavia St Subject | $1,288,888* List Price | 0 | 0 | 3,535 | $338 | - |
A 3859 High St Sold | $1,055,000 | 0 | 0 | 2,963 | $356 | 0.9 mi |
B 2828 Viola St Active Under Contract | $1,000,000 List Price | 0 | 0 | 3,168 | $316 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1966, the property has undergone significant recent renovations including a new roof (3 years old), updated flooring, dual-pane windows, and remodeled kitchens. It is well-maintained, functional, and move-in ready, fitting the 5-15 year renovation window for a 'Good' rating.
With three out of four units currently vacant, including a large 4-bedroom unit, investors can immediately secure market-rate rents without the limitations of existing long-term tenancies.
The property boasts significant capital improvements including a three-year-old roof, remodeled kitchens, new appliances, and dual-pane windows, reducing immediate maintenance requirements.
The spacious 4-bedroom, 2-bathroom vacant unit provides a rare opportunity for an owner-occupant to live in a large home while generating significant income from the other three units.
The property is subject to Oakland's stringent rent control and just-cause eviction ordinances, which can complicate management and limit rent increases for the occupied unit.
Despite cosmetic and roof updates, the 1966 construction may still feature aging main-line plumbing or electrical systems that could necessitate future capital expenditures.
Exceptional fourplex opportunity in Oakland's desirable 94619 neighborhood, ideal for both owner-occupants and investors. The property features a spacious vacant 4-bedroom, 2-bathroom owner's unit and three additional 2-bedroom, 1-bathroom units. One unit is currently occupied and generates $2,620 per month in rental income, while the remaining units are vacant and ready for immediate occupancy or lease-up at market rents. This well-maintained property has undergone numerous upgrades, including remodeled kitchens, new appliances, updated flooring, dual-pane windows, and fresh interior and exterior paint. The roof was replaced approximately three years ago, providing added value and peace of mind. Conveniently located near schools, parks, shopping, dining, and major commuter routes, this updated multifamily property combines comfortable living with excellent income potential. A rare chance to own a versatile and income-producing asset in an established Oakland neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,535 | 2,547 |
| Lot Size | 5,000 | 4,475 |
| Price | $1.29M | $860.2K |
| Price per sq ft | $365 | $344 |
| Built year | 1966 | 1920 |
| HOA | $0 | $0 |
| Days on market | 29 | 56 |
Jun 23, 2026
$1,288,888
Initial Listing
May 7, 2013
$350,000
Public Record
Mar 10, 2006
$725,000
Public Record