
Oakland, California 94601
This Victorian Triplex represents a Strong Value Opportunity, listed at $900,000—positioned above the $821,399 Fair Market Value by 9%. While priced at a premium, the property offers significant RM-3 Zoning potential and a Condition Rating of 4, indicating a stable, well-maintained asset with immediate cash flow. The large, high-ceiling basement provides substantial value-add potential for expansion. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking a character-rich multifamily asset in a high-demand transit-oriented corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3044 Blossom St. Subject | $795,000* List Price | 3 | 3 | 2,401 | $323 | - |
A 2725 Inyo Avenue Sold | $625,000 | 4 | 2 | 2,181 | $287 | 0.4 mi |
B 2063 Rosedale Ave Sold | $965,000 | 5 | 2 | 3,086 | $313 | 0.9 mi |
C 2819 E 23rd Street Sold | $565,000 | 3 | 2 | 1,781 | $317 | 0.3 mi |
D 2533 Harrington Ave Sold | $600,000 | 3 | 2 | 1,615 | $372 | 0.6 mi |
E 2222 Inyo Ave Active Under Contract | $624,999 List Price | 5 | 2 | 2,566 | $244 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1900, this Victorian triplex is well-maintained and currently tenant-occupied, indicating functional systems. However, the description emphasizes original features and 'upside,' suggesting the kitchens, baths, and major systems are dated (likely 20+ years old) and require modernization to reach peak market value.
Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
This RM-3 zoned Victorian triplex offers immediate cash flow from three tenant-occupied units and significant value-add potential through the large, high-ceiling basement and potential for future lot expansion.
The property maintains its classic 1900s Victorian charm with original hardwood floors, high ceilings, and abundant natural light, providing a unique aesthetic that appeals to high-quality tenants.
As a fully tenant-occupied property, immediate owner-occupancy or substantial interior renovations may be restricted by existing lease terms and local Oakland tenant protections.
The majority of the immediate neighborhood public schools are rated poorly (2/10), which may limit the property's long-term appeal to families and impact future resale value.
Three-unit Victorian in Oakland — income today, upside ahead, and a possible owner-occupant option. A classic triplex on a 6,534 sq ft RM-3 lot near the Lower Diamond/Fruitvale corridor, built for buyers who want their money working two ways. Three units, each with original hardwood floors, high ceilings, generous light, and a spacious eat-in kitchen — currently rented at $5,100/month ($61,200/year), with room to grow. Investors get an income-producing asset in a very walkable (Walk Score 83), transit-served pocket — 1031-friendly, with a detached 3-car garage (a space per unit) adding future ADU conversion value. Owner-occupants get the house-hacker's path to Oakland: live in one unit and let the other two (or three, or four... if one converts the detached garage or the extraordinary basement space) earn income. Rare resilience sets this block apart: the home is part of the Oakland EcoBlock — a UC Berkeley–led, California Energy Commission–funded pilot, and one of the first neighborhood-scale solar microgrids in California. Participating homes were upgraded and electrified, with rooftop solar tied into a shared battery and microgrid built to keep the power on during outages and trim energy bills. The large, high-ceilinged basement and detached garage point toward future added living spaces/units (buyer to verify with the City of Oakland). Detached garage, extended driveway parking, a shared yard with mature fruit trees, and EBMUD private sewer lateral compliance complete the picture. Steps to Fruitvale BART, Farmer Joe's, and Grand Lake Kitchen
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,401 | 1,587.5 |
| Lot Size | 6,534 | 5,000 |
| Price | $795.0K | $1.06M |
| Price per sq ft | $331 | $623 |
| Built year | 1900 | 1928 |
| HOA | $0 | $338 |
| Days on market | 34 | 35 |
Jul 15, 2026
$795,000
$799,999
-1% Price Drop
Initial Listing
Jul 2, 2026
$799,999
$900,000
-11% Price Drop
Initial Listing
Jun 18, 2026
$900,000
Initial Listing
Mar 9, 2020
$750,000
Public Record
Mar 31, 2006
$580,000
Public Record