3243 E 23rd St, Oakland, California 94601, Oakland, 94601 - bed, bath
ACTIVE$675,000
3243 E 23rd St, Oakland, California 94601
0Bed
0Bath
Sqft
5,870Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Top Cons:
Age of Property: Built in 1925, the property is nearly a century old, which may imply the need for significant capital expenditures for system upgrades, structural repairs, or modernization.
Compared to the nearby listings
Price:$675.0K vs avg $675.0K (+$0)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1925 (100 years old).
Condition: Built in 1925, this property is nearly a century old. While the interior images show clean, functional units with updated kitchens and bathrooms, these updates appear to be cosmetic and not recent, likely dating back 15-30 years. The stainless steel appliances are a positive, but the overall style of the cabinets, backsplash, and bathroom fixtures suggests an older renovation. Hardwood floors and tile are well-maintained. However, the significant age of the building implies that major systems (electrical, plumbing, HVAC) are likely outdated and will require substantial capital expenditures in the near future, aligning with the 'aged but maintained' and 'major components are functional but show signs of being outdated' criteria for a 'Fair' condition.
Year Built
1925
Close
-
List price
$675K
Original List price
$698K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41104252
Home ConditionFair
Features
View-
About this home
This property presents an excellent investment opportunity for building multi-generational wealth. It features four units, each with one bedroom and one bathroom, along with four dedicated parking spaces.The property sits on a large lot with significant potential for an Accessory Dwelling Unit (ADU). Don't miss the chance to make this multi-unit property yours!
Nearby schools
3/10
Manzanita Seed
Public,•K-5•0.5mi
2/10
Global Family School
Public,•K-5•0.6mi
3/10
International Community School
Public,•K-5•0.6mi
5/10
Think College Now School
Public,•K-5•0.6mi
4/10
Fruitvale Elementary School
Public,•K-5•0.9mi
2/10
Allendale Elementary School
Public,•K-5•0.9mi
2/10
Horace Mann Elementary School
Public,•K-5•1.3mi
5/10
Glenview Elementary School
Public,•K-5•1.4mi
8/10
Edison Elementary School
Public,•K-5•1.5mi
3/10
United For Success Academy
Public,•6-8•0.3mi
4/10
Urban Promise Academy
Public,•6-8•0.3mi
4/10
Roosevelt Middle School
Public,•6-8•1.0mi
3/10
Melrose Leadership Academy
Public,•PK-8•1.3mi
2/10
Bret Harte Middle School
Public,•6-9•1.4mi
6/10
Edna Brewer Middle School
Public,•6-8•1.4mi
1/10
Roots International Academy
Public,•6-8•2.2mi
9/10
Lincoln Middle School
Public,•6-8•2.3mi
2/10
Fremont High
Public,•9-12•1.0mi
4/10
Oakland High School
Public,•9-12•1.6mi
9/10
Alameda High School
Public,•9-12•2.0mi
3/10
Coliseum College Prep Academy
Public,•6-12•2.2mi
4/10
Skyline High School
Public,•9-12•3.3mi
2/10
Oakland International High School
Public,•9-12•4.0mi
Condition Rating
Fair
Built in 1925, this property is nearly a century old. While the interior images show clean, functional units with updated kitchens and bathrooms, these updates appear to be cosmetic and not recent, likely dating back 15-30 years. The stainless steel appliances are a positive, but the overall style of the cabinets, backsplash, and bathroom fixtures suggests an older renovation. Hardwood floors and tile are well-maintained. However, the significant age of the building implies that major systems (electrical, plumbing, HVAC) are likely outdated and will require substantial capital expenditures in the near future, aligning with the 'aged but maintained' and 'major components are functional but show signs of being outdated' criteria for a 'Fair' condition.
Pros & Cons
Pros
Great Schools: Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Strong Investment Potential: Explicitly marketed as an 'excellent investment opportunity for building multi-generational wealth' due to its multi-unit nature.
Income-Generating Quadruplex: Features four independent 1-bedroom, 1-bathroom units, providing immediate and diversified rental income streams.
Significant ADU Potential: Sits on a large 5870 sqft lot with 'significant potential for an Accessory Dwelling Unit (ADU),' offering future value appreciation and increased income streams.
Dedicated Parking: Includes four dedicated parking spaces, a valuable amenity in an urban setting like Oakland, enhancing tenant appeal.
Recent Price Reduction: The list price has been reduced from $698,000 to $675,000, potentially indicating a motivated seller and a more attractive entry point for investors.
Cons
Age of Property: Built in 1925, the property is nearly a century old, which may imply the need for significant capital expenditures for system upgrades, structural repairs, or modernization.
Unit Configuration Limitations: All units are 1-bedroom, 1-bathroom, which might appeal to a narrower tenant demographic compared to properties with a mix of unit sizes or larger units.
Lower-Rated Local Schools: Several nearby public schools have low ratings (e.g., 2s, 3s, 4s), which could be a concern for potential tenants or future buyers with families, potentially affecting long-term desirability and property value growth.