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

3243 E 23rd St, Oakland, California 94601 home-pic-0

3243 E 23rd St

Oakland, California 94601

ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,252Sq Ft
5,870Lot Size

Property Price

LIST PRICE$675,000

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

Fair
TeardownExcellent

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or replacement in the near future, aligning with the 'aged but maintained' and 'major components show signs of being outdated' criteria for a 'Fair' rating.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    Built in 1925, the property is nearly a century old, suggesting potential for outdated systems, deferred maintenance, or the need for significant capital expenditures for renovations.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

3/10

Global Family School

Grades K-5 • 0.6 mi

2/10

International Community School

Grades K-5 • 0.6 mi

3/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,252-
60%
Lot Size5,8704,302
70%
Price$675.0K$601.0K
60%
Price per sq ft$300$0
70%
Built year19251936
40%
HOA$0$0
50%
Days on market241226
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

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