874 Isabella St, Oakland, California 94607, Oakland, 94607 - bed, bath
ACTIVE$649,000/sqft
874 Isabella St, Oakland, California 94607
0Bed
0Bath
Sqft
6,960Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Value-Add Opportunity: With 50% vacancy and two units occupied at below-market rents, this property offers substantial immediate upside for increased income through repositioning and rent adjustments.
Top Cons:
Below-Market Rents on Occupied Units: The two occupied units are currently generating below-market rents, which limits immediate cash flow and requires strategic management for future rent increases.
Compared to the nearby listings
Price:$649.0K vs avg $780.0K ($-131,000)22%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1885 (141 years old).
Condition: Built in 1885, this Victorian fourplex is a 'value-add opportunity' requiring 'capital expenditure for improvements.' The interior images reveal outdated features such as popcorn ceilings, basic light fixtures, and a kitchen with dated wood cabinets, laminate countertops, and small square ceramic tile flooring. The bathroom also appears to have older tile. While some laminate flooring is present, the overall condition suggests the property is aged and functional but has not undergone a major renovation in the last 20-30 years, needing substantial updates to modernize and maximize its potential.
Year Built
1885
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41119964
Home ConditionFair
Features
View-
About this home
Rare value-add opportunity with 50% vacancy in a Victorian fourplex situated on a large gated lot offering 10+ on-site parking spaces—a true rarity in Oakland. This character-rich property blends classic Victorian architecture with substantial upside through vacancy leasing and unit improvements. Two units are currently vacant, allowing for immediate repositioning, while two units are occupied by long-term, month-to-month tenants at below-market rents. The expansive lot, gated access, and abundant parking provide flexibility for future enhancements and strong tenant appeal. Well located near Downtown Oakland and major transportation corridors, this fourplex presents an excellent opportunity for investors or owner-users seeking character, scale, and long-term upside. Buyer to verify unit mix, square footage, parking count, and rent regulations.
J
Jonathan Fleming
Listing Agent
Condition Rating
Fair
Built in 1885, this Victorian fourplex is a 'value-add opportunity' requiring 'capital expenditure for improvements.' The interior images reveal outdated features such as popcorn ceilings, basic light fixtures, and a kitchen with dated wood cabinets, laminate countertops, and small square ceramic tile flooring. The bathroom also appears to have older tile. While some laminate flooring is present, the overall condition suggests the property is aged and functional but has not undergone a major renovation in the last 20-30 years, needing substantial updates to modernize and maximize its potential.
Pros & Cons
Pros
Significant Value-Add Opportunity: With 50% vacancy and two units occupied at below-market rents, this property offers substantial immediate upside for increased income through repositioning and rent adjustments.
Abundant On-Site Parking: The presence of 10+ gated on-site parking spaces is a rare and highly desirable amenity in Oakland, significantly enhancing tenant appeal and property value.
Historic Victorian Architecture: The property's character-rich Victorian design provides unique aesthetic appeal, market differentiation, and a charming living environment.
Strategic Location: Well-located near Downtown Oakland and major transportation corridors, ensuring strong rental demand and convenient access for tenants.
Expansive & Gated Lot: A large, gated lot offers enhanced security, privacy, and flexibility for future property enhancements or additional amenities.
Cons
Below-Market Rents on Occupied Units: The two occupied units are currently generating below-market rents, which limits immediate cash flow and requires strategic management for future rent increases.
Required Capital Expenditure for Improvements: Maximizing the 'value-add' potential will necessitate investment in unit improvements and potential renovations, requiring upfront capital.
Oakland Rent Regulations: As an income property in Oakland, it is subject to local rent control and tenant protection regulations, which can complicate rent adjustments and tenant repositioning strategies.