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856 21st St, Oakland, California 94607, Oakland, 94607 - bed, bath

856 21st St, Oakland, California 94607 home-pic-0
ACTIVE$1,150,000/sqft
856 21st St, Oakland, California 94607
0Bed
0Bath
Sqft
3,969Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Producing Multifamily: This 4-unit multifamily property offers strong rental potential and immediate cash flow, making it an attractive investment.
Top Cons:
Historic Property Age: Built in 1885, the property's age suggests potential for significant deferred maintenance, outdated systems, and higher renovation costs.

Compared to the nearby listings

Price:$1.15M vs avg $795.0K (+$355,000)89%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%

More Insights

Built in 1885 (141 years old).
Condition: Built in 1885, this property is very old and the MLS description explicitly states 'room to enhance value through updates' and 'basic unit functionality.' While some units feature newer laminate flooring and fresh paint, the kitchens and bathrooms across all units are significantly outdated with old appliances, basic cabinets, laminate countertops, and dated fixtures and flooring. Heating appears to be via wall-mounted units, not central HVAC. The property is functional but requires substantial modernization and capital investment to meet current quality and style standards, aligning with the 'fair' condition criteria.
Year Built
1885
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41119583
Home ConditionFair
Features
Good View:
Patio
View-

About this home

Exceptional opportunity to own a well-located 4-unit multifamily property in the heart of Oakland. This income-producing 4-plex at 856 21st St offers strong rental potential with significant value-add upside for investors, developers, or owner-occupants seeking long-term wealth through real estate. Each unit provides solid functionality with room to enhance value through updates, improved rents, or strategic renovations. The property is ideally positioned near Downtown Oakland, Uptown, West Oakland BART, public transportation, schools, shopping, and major freeways, creating consistent tenant demand and excellent accessibility for commuters. Located in an area experiencing ongoing growth and redevelopment, this property offers both immediate cash flow potential and attractive future appreciation. A great opportunity for buyers looking to expand their investment portfolio or enter the Oakland multifamily market with a property that offers flexibility and upside.

R
Ray J. Marquez
Listing Agent

Price History

Date
Event
Price
06/21/00
Sold
$175,000
04/10/96
Sold
$70,500
12/17/04
Sold
$629,000
Condition Rating
Fair
Built in 1885, this property is very old and the MLS description explicitly states 'room to enhance value through updates' and 'basic unit functionality.' While some units feature newer laminate flooring and fresh paint, the kitchens and bathrooms across all units are significantly outdated with old appliances, basic cabinets, laminate countertops, and dated fixtures and flooring. Heating appears to be via wall-mounted units, not central HVAC. The property is functional but requires substantial modernization and capital investment to meet current quality and style standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Income-Producing Multifamily: This 4-unit multifamily property offers strong rental potential and immediate cash flow, making it an attractive investment.
Strategic Location & Accessibility: Ideally positioned in the heart of Oakland, near Downtown, Uptown, West Oakland BART, public transportation, and major freeways, ensuring consistent tenant demand.
Significant Value-Add Potential: The property presents substantial value-add upside for investors or owner-occupants through strategic updates and renovations to enhance rents and overall value.
Market Growth & Appreciation: Located in an area experiencing ongoing growth and redevelopment, offering attractive future appreciation potential.
Consistent Tenant Demand: The prime location and excellent accessibility contribute to a high and consistent demand from prospective tenants.

Cons

Historic Property Age: Built in 1885, the property's age suggests potential for significant deferred maintenance, outdated systems, and higher renovation costs.
Requires Capital Investment: The property explicitly states 'room to enhance value through updates,' indicating that substantial capital expenditure will be necessary to maximize its potential.
Basic Unit Functionality: Units are described as having 'solid functionality' but needing updates, implying they may lack modern amenities or finishes without further investment.
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