881 Erie St, Oakland, California 94610, Oakland, 94610 - 0 bed, 0 bath
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Oakland, California 94610
This Vintage 1926 Fourplex represents a High-Potential Investment Opportunity, listed at $1,450,000—positioned well below the $1,495,436 Fair Market Value by 3%. This valuation gap offers $45,436 in Instant Equity. With a Condition Rating of 2, the property features modernized infrastructure, including 2020 furnaces and 2025 water heaters. Located near Top-Rated Schools like Crocker Highlands Elementary and Piedmont High, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the vacant unit and serene Oakland Hills views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 881 Erie St Subject | $1,450,000* List Price | 0 | 0 | 4,248 | $352 | - |
A 429 429 Euclid Ave Active | $1,350,000 List Price | 0 | 0 | 3,581 | $377 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure is vintage 1926, the property has undergone significant recent renovations to major systems, including 2020 Lennox furnaces, a 2025 water heater, and a 2025 EV-charging sub-panel. Kitchens are updated with stainless appliances and hardwood floors are refinished, meeting the criteria for a high-quality renovation within the last 5 years.
Elementary School: Crocker Highlands Elementary School (9/10). Middle School: Piedmont Middle School (9/10). High School: Piedmont High School (10/10).
Situated in the highly desirable Lakeshore/Grand Lake neighborhood, the property is steps from Trader Joe’s, the Grand Lake Farmers Market, and Lake Merritt, ensuring high tenant demand and long-term appreciation.
Significant capital improvements including 2025 water heaters, 2020 furnaces, and a 2025 EV-charging sub-panel minimize immediate maintenance costs and appeal to modern, eco-conscious tenants.
The 3,000-square-foot lot is relatively small for a four-unit complex, resulting in minimal private or shared outdoor yard space for residents.
With three units currently occupied, the immediate ability to adjust rents to market rates is restricted by Oakland’s local rent stabilization ordinances, limiting short-term cash flow growth.
Vintage 1926 Oakland Fourplex Between Grand & Lakeshore — $362,500/Unit, Owner-Occupier Unit Delivered Vacant with Oakland Hills Views. Spanish-style stucco beauty in one of Oakland's most amenity-rich pockets. Trader Joe's, Peet's, Walgreens, and the Saturday Grand Lake Farmers Market sit just blocks away. Lake Merritt is nearby. Three occupied units throw off $87,672 in annual income while Unit 4 delivers vacant — pick it up at market or move in and take in the serene Oakland Hills views yourself. Four 2BR/1BA units (~910 SF each) with refinished hardwood floors, crown molding, updated kitchens, and stainless appliances. The operational story is just as strong: four private garages (one per unit), 2025 EV-charging sub-panel, separate gas and electric meters per unit, app-to-pay basement laundry, three storage rooms, Schlage keyless entries, Ring cameras, automatic garden watering, 2025 water heater, and 2020 Lennox furnaces. Vintage character, modern systems, real upside. $1,450,000.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 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 | 4,248 | 4,228 | 67% |
| Lot Size | 3,000 | 4,725 | 33% |
| Price | $1.45M | $1.23M | 67% |
| Price per sq ft | $341 | $292 | 67% |
| Built year | 1926 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 211 | 33% |
May 20, 2026
$1,450,000
Initial Listing
Oct 25, 2021
$1,800,000
Public Record