3243 E 23rd St, Oakland, California 94601, Oakland, 94601 - bed, bath

3243 E 23rd St
Oakland, California 94601
Property Price
SUMMARY
Analysis of 3243 E 23rd St, Oakland, California 94601 is currently available with a list price of $675,000. 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 1925, this property shows signs of recent cosmetic updates, including a modern kitchen with stainless steel appliances, updated cabinets, backsplash, and tile flooring. The living areas feature newer dark laminate/engineered wood flooring and fresh paint. The exterior appears well-maintained with newer-looking wooden stairs. However, the property's age (nearly 100 years old) suggests that major systems (plumbing, electrical, HVAC) are likely original or significantly older, and no images of bathrooms or detailed system information are provided. While cosmetically updated and move-in ready, the underlying infrastructure of such an old building will likely require substantial attention or replacement in the near future, aligning with the 'aged but maintained' and 'major components show signs of being outdated' criteria for a 'Fair' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
- Multi-Unit Income Potential
The property is a quadruplex featuring four 1-bedroom, 1-bathroom units, providing immediate and diversified rental income streams for investors.
- ADU Development Opportunity
Situated on a large 5870 sq ft lot, there is significant potential for adding an Accessory Dwelling Unit (ADU), which can further enhance rental income and property value.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1925, the property is nearly a century old, suggesting potential for outdated systems, deferred maintenance, or the need for significant capital expenditures for renovations.
- Recent Price Reduction
The listing price has been reduced from $698,000 to $675,000, which could indicate overpricing, extended market time, or potential issues identified during initial market exposure.
- Mixed School Ratings
While some schools are highly rated, several nearby public schools have lower ratings (e.g., Horace Mann Elementary rating 2, Fremont High rating 2), which may be a consideration for family-oriented tenants or future buyers.
About 3243 E 23rd St
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!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1925
- Lot Size
- 5,870 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Manzanita Seed
Grades K-5 • 0.5 mi
Global Family School
Grades K-5 • 0.6 mi
International Community School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,252 | - | 60% |
| Lot Size | 5,870 | 4,302 | 70% |
| Price | $675.0K | $601.0K | 60% |
| Price per sq ft | $300 | $0 | 70% |
| Built year | 1925 | 1936 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 241 | 226 | 0% |
Pricing History
Listed for Sale
Sep 15, 2025
$675,000
Initial Listing
Price Change
Jul 9, 2025
$698,000
Initial Listing
Sold
Mar 16, 2016
$459,000
Public Record
Sold
Nov 2, 2007
$325,000
Public Record








