414 E 12th St, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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414 E 12th St
Oakland, California 94606
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,000Sq Ft
3,750Lot Size
Property Price
LIST PRICE$798,000
EST. MARKET VALUE
$863,070
7% BelowMARKET VALUE
SUMMARY
This Mixed-Use Triplex represents a Strong Value Opportunity, listed at $798,000—positioned well below the $863,070 Fair Market Value by 7%. This valuation gap provides $65,070 in Instant Equity. Featuring a Mint Condition Rating with fully remodeled kitchens and bathrooms, this turnkey asset includes a private deck and prime Opportunity Zone placement near Lake Merritt. With its diversified income potential and robust rental demand, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-growth, income-generating investment.
Estimated Market Value
$863,070+$65,070 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 414 E 12th St Subject | $798,000* List Price | 0 | 0 | 3,000 | $288 | - |
A 1501 First Ave. Sold | $965,000 | 0 | 0 | 0 | 0.3 mi | |
B 832 7th Ave Active | $999,000 List Price | 0 | 0 | 2,953 | $338 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1900, the property has undergone a comprehensive interior renovation within the last 5 years. Images show modern kitchens with stainless steel appliances and stone counters, updated bathrooms with contemporary vanities and tiling, and new flooring throughout, meeting the criteria for mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Crocker Highlands Elementary School (9/10).
- Strategic Investment Location
Situated in a designated Opportunity Zone just blocks from Lake Merritt, this property offers significant tax incentives and strong potential for long-term capital appreciation in a high-growth market.
- Modernized Residential Units
Both residential units feature fully remodeled kitchens and bathrooms, providing a turnkey solution that attracts high-quality tenants and reduces immediate capital expenditure for the buyer.
CONSRISKS & DEFICIENCIES
- Financing Restrictions
The property is ineligible for FHA loans, which limits the pool of potential buyers to those with conventional financing or significant cash reserves.
- Historic Infrastructure Risks
Built in 1900, the building's age may present underlying maintenance challenges or the need for structural and system upgrades that are common in century-old properties.
About 414 E 12th St
Qualified investors are extended the opportunity to acquire 414 E 12th Street Oakland Opportunity Zone. This Mixed-Use building consists of 2 residents and a store front commercial space. All resident units are remodeled kitchen and bathrooms. This property allows both local and regional investors the opportunity to acquire an investment in a popular market with robust growth, potential of both income stream, investment value blocks from Lake Merritt. No FHA loan.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1900
- Lot Size
- 3,750 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Franklin Elementary School
Grades K-5 • 0.4 mi
3/10
Lincoln Elementary School
Grades K-5 • 0.7 mi
8/10
Cleveland Elementary School
Grades K-5 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,000 | 2,530.25 |
| Lot Size | 3,750 | 4,390.625 |
| Price | $798.0K | $918.2K |
| Price per sq ft | $266 | $343 |
| Built year | 1900 | 1921 |
| HOA | $0 | $0 |
| Days on market | 46 | 66 |
Pricing History
Listed for Sale
Jul 25, 2026
$798,000
Initial Listing
Sold
Nov 25, 2008
$495,000
Public Record