821 Park Way, Oakland, California 94606, Oakland, 94606 - bed, bath
ACTIVE$748,888
821 Park Way, Oakland, California 94606
0Bed
0Bath
Sqft
1,800Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: This property is a well-maintained triplex, explicitly designed for investors, offering three separate units that provide a strong opportunity for steady rental income.
Top Cons:
Limited Lot Size: With a lot size of only 1800 sq ft, the property offers minimal outdoor space, which could be a drawback for tenants seeking yard access or for future expansion possibilities.
Compared to the nearby listings
Price:$748.9K vs avg $899.0K ($-150,112)43%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1914 (111 years old).
Condition: The property was built in 1914, making it over 100 years old. While the listing describes it as 'well-maintained' with 'modern upgrades' and 'updated flooring' in Unit 1, and an 'open kitchen' in Unit 2, there are no interior images to verify the condition, style, and recency of these renovations, especially for the kitchens and bathrooms. The exterior appears to be in good condition with fresh paint and newer-looking windows, suggesting regular upkeep. However, without visual confirmation of significant, recent renovations (within the last 5-15 years) to major systems and interior spaces, particularly kitchens and bathrooms, it's more appropriate to classify it as 'Fair.' This score acknowledges the maintenance and some updates while accounting for the property's significant age and the likelihood that some major components, even if functional, may show signs of being outdated or were renovated 15-30 years ago rather than more recently.
Year Built
1914
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41091874
Home ConditionFair
Features
View-
About this home
This well-maintained triplex features three spacious units, each with its own character and charm. Whether you're looking for rental income or a live-in investment opportunity, this property provides versatile options. Each unit is designed to maximize space and functionality, offering comfortable living with a mix of traditional Oakland architecture and modern upgrades. Unit 1: A bright, airy 3-bedroom, 1-bath unit with updated flooring, spacious living areas, washer/Dryer in unit and large windows that let in plenty of natural light and ample storage space. Unit 2: A spacious 2-bedroom, 1-bath unit with an open kitchen, and a comfortable living space. Unit 3: Cozy studio unit in the back of the property with generous front porch area. Prime Location: Walking distance to Laney College, local shops, restaurants, and public transportation. Perfect for investors, with three separate units that offer the chance for steady rental income. The property includes off-street parking for residents. Please do not disturb occupants. Buyers/agents to verify square footage.
Nearby schools
3/10
Franklin Elementary School
Public,•K-5•0.4mi
8/10
Lincoln Elementary School
Public,•K-5•0.9mi
7/10
Cleveland Elementary School
Public,•K-5•1.1mi
3/10
Garfield Elementary School
Public,•K-5•1.1mi
4/10
Bella Vista Elementary School
Public,•K-5•1.2mi
6/10
Henry Haight Elementary School
Public,•K-5•1.6mi
3/10
International Community School
Public,•K-5•1.6mi
5/10
Think College Now School
Public,•K-5•1.6mi
3/10
Manzanita Seed
Public,•K-5•1.7mi
9/10
Crocker Highlands Elementary School
Public,•K-5•2.0mi
5/10
Glenview Elementary School
Public,•K-5•2.2mi
2/10
Piedmont Avenue Elementary School
Public,•K-5•2.6mi
3/10
La Escuelita Elementary School
Public,•K-8•0.3mi
4/10
Roosevelt Middle School
Public,•6-8•1.0mi
2/10
Westlake Middle School
Public,•6-8•1.6mi
6/10
Edna Brewer Middle School
Public,•6-8•1.6mi
4/10
Urban Promise Academy
Public,•6-8•1.8mi
5/10
Will C. Wood Middle School
Public,•6-8•2.0mi
3/10
United For Success Academy
Public,•6-8•2.2mi
2/10
Bret Harte Middle School
Public,•6-9•2.7mi
4/10
Oakland High School
Public,•9-12•1.4mi
7/10
Encinal Junior/Senior High
Public,•6-12•2.3mi
2/10
Fremont High
Public,•9-12•2.8mi
7/10
Oakland Technical High School
Public,•9-12•2.8mi
2/10
Oakland International High School
Public,•9-12•2.9mi
4/10
Skyline High School
Public,•9-12•5.0mi
Condition Rating
Fair
The property was built in 1914, making it over 100 years old. While the listing describes it as 'well-maintained' with 'modern upgrades' and 'updated flooring' in Unit 1, and an 'open kitchen' in Unit 2, there are no interior images to verify the condition, style, and recency of these renovations, especially for the kitchens and bathrooms. The exterior appears to be in good condition with fresh paint and newer-looking windows, suggesting regular upkeep. However, without visual confirmation of significant, recent renovations (within the last 5-15 years) to major systems and interior spaces, particularly kitchens and bathrooms, it's more appropriate to classify it as 'Fair.' This score acknowledges the maintenance and some updates while accounting for the property's significant age and the likelihood that some major components, even if functional, may show signs of being outdated or were renovated 15-30 years ago rather than more recently.
Pros & Cons
Pros
Income-Generating Triplex: This property is a well-maintained triplex, explicitly designed for investors, offering three separate units that provide a strong opportunity for steady rental income.
Prime Location: Situated in a highly desirable area, the property boasts a prime location within walking distance to Laney College, local shops, restaurants, and public transportation, enhancing its rental appeal and long-term value.
Versatile Investment Opportunity: The triplex offers flexible options for buyers, suitable for either a pure rental income investment or a live-in owner seeking to offset mortgage costs with rental income from the other units.
Well-Maintained with Modern Upgrades: Described as 'well-maintained' with 'modern upgrades' in units (e.g., updated flooring, open kitchen, in-unit washer/dryer), suggesting reduced immediate capital expenditure for a new owner.
Off-Street Parking: The inclusion of off-street parking is a significant advantage in an urban setting like Oakland, adding convenience and value for residents.
Cons
Limited Lot Size: With a lot size of only 1800 sq ft, the property offers minimal outdoor space, which could be a drawback for tenants seeking yard access or for future expansion possibilities.
Age of Building: Built in 1914, despite modern upgrades, the property's age suggests potential for older underlying infrastructure (e.g., plumbing, electrical, foundation) that may require significant future maintenance or capital investment.
Occupancy Restrictions for Showings: The instruction 'Please do not disturb occupants' indicates that access for showings and thorough inspections of all units may be challenging, potentially complicating the buyer's due diligence process.