3314 Farnam St, Oakland, California 94601, Oakland, 94601 - bed, bath
3314 Farnam St
Oakland, California 94601
Property Price
SUMMARY
Analysis of 3314 Farnam St, Oakland, California 94601 is currently available with a list price of $795,000. 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 1923, this quadruplex is well-maintained but shows clear signs of age. The kitchens and bathrooms feature older cabinetry, white appliances, and dated fixtures consistent with a renovation from 15-30 years ago. While functional and clean, the property lacks modern updates and shows typical wear for its age.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
- Significant Value-Add Potential
The property features three storage units with potential for ADU conversion, offering a clear path to increase density, rental income, and overall asset value.
- Favorable Utility Configuration
Units are individually metered for gas and electricity, which significantly reduces owner operating expenses and simplifies property management.
CONSRISKS & DEFICIENCIES
- Low Local School Ratings
The majority of the assigned public schools in the immediate area carry very low ratings (2/10 to 3/10), which may limit the appeal to families and impact long-term appreciation.
- Negative Price Trend
The current list price of $795,000 is substantially lower than the 2016 sale price of $930,000, indicating a lack of historical appreciation and potential neighborhood-specific market challenges.
About 3314 Farnam St
Qualified investors are extended the opportunity to acquire 3314 Farnam Street located in Oakland, CA. This well-maintained apartment community of 4 units was built in 1923 and includes 1 large two bedroom / two bathroom unit and 3 two bedroom one bathroom units. Each unit is individually metered for gas and electric. Tenants enjoy secure gated access and a common area backyard. 3314 Farnam offers investors the opportunity to increase cash flow through potential conversion of the 3 storage units into ADU's, capital expenditure pass throughs and rent increases. Buyer shall be responsible for verifying unit determination.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1923
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
International Community School
Grades K-5 • 0.4 mi
Think College Now School
Grades K-5 • 0.4 mi
Global Family 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 | 4,060 | - | 90% |
| Lot Size | 4,000 | 3,989.5 | 50% |
| Price | $795.0K | $601.0K | 70% |
| Price per sq ft | $196 | $0 | 60% |
| Built year | 1923 | 1936 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 200 | 212 | 50% |
Pricing History
Listed for Sale
Aug 19, 2025
$795,000
Initial Listing
Sold
Dec 9, 2016
$930,000
Public Record
Sold
Apr 9, 2013
$347,000
Public Record