3314 Farnam St, Oakland, California 94601, Oakland, 94601 - 0 bed, 0 bath
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Oakland, California 94601
This Residential Income Quadruplex is a strategic asset for portfolio growth, listed at $795,000 and positioned right at its $795,000 Fair Market Value. Featuring a Condition Rating of 4, the property offers a desirable 2BR unit mix with individual gas and electric meters and a common area backyard with patio. Investors can capture significant upside through the potential conversion of 3 storage units into ADUs and capital expenditure pass-throughs. This well-maintained building is an ideal acquisition for Buy-and-Hold Investors or Value-Add Specialists seeking stable Oakland cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3314 Farnam St Subject | $795,000* List Price | 0 | 0 | 4,060 | $196 | - |
A 3020 E 19 Th Sold | $675,000 | 0 | 0 | 3,514 | $192 | 0.4 mi |
B 1433 50th Ave Sold | $565,000 | 0 | 0 | 0 | 1.0 mi | |
C 3700 Foothill Blvd Active | $889,000 List Price | 0 | 0 | 3,564 | $249 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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.
Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
The property features three storage units with potential for ADU conversion, offering a clear path to increase density, rental income, and overall asset value.
Units are individually metered for gas and electricity, which significantly reduces owner operating expenses and simplifies property management.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,060 | 2,496 | 91% |
| Lot Size | 4,000 | 4,625 | 45% |
| Price | $795.0K | $675.0K | 64% |
| Price per sq ft | $196 | $321 | 18% |
| Built year | 1923 | 1926 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 246 | 170 | 82% |
Aug 19, 2025
$795,000
Initial Listing
Dec 9, 2016
$930,000
Public Record
Apr 9, 2013
$347,000
Public Record