890 31st St, Oakland, California 94608, Oakland, 94608 - 0 bed, 0 bath
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890 31st St
Oakland, California 94608
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,728Sq Ft
6,040Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$878,861
3% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $850,000, positioned well below the $878,861 Fair Market Value by 3%. This valuation gap offers $28,861 in Instant Equity. Featuring a Condition Rating of 3, the property includes updated plumbing and remodeled interiors in three units, minimizing immediate capital expenditure. Ideally located near major transit corridors, this asset is a prime choice for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property in a high-demand Oakland market.
Estimated Market Value
$878,861+$28,861 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 |
|---|---|---|---|---|---|---|
★ 890 31st St Subject | $850,000* List Price | 0 | 0 | 2,728 | $322 | - |
A 2836 Myrtle St Sold | $775,000 | 0 | 0 | 2,590 | $299 | 0.1 mi |
B 2825 Market St Sold | $800,000 | 0 | 0 | 2,293 | $349 | 0.2 mi |
C 961 963 37th Street Sold | $836,000 | 0 | 0 | 0 | 0.4 mi | |
D 4135 4137 West St Pending | $775,000 List Price | 0 | 0 | 0 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1907, the property has been modernized with updated plumbing and remodeled kitchens and bathrooms in three of the four units. The presence of modern vinyl windows and the 'updated' status of major systems and interiors suggests a well-maintained, move-in ready condition consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Units
Three of the four units feature updated plumbing, remodeled bathrooms, and modernized kitchens, significantly reducing immediate capital expenditure for a new owner.
- Prime Commuter Location
Ideally situated near Highways 580 and 980 and minutes from Emeryville, the property offers excellent accessibility to major employment centers and public transit.
- High-Demand Asset Class
As a residential income quadruplex on a generous 6,040 sqft lot, this property represents a versatile investment opportunity in a competitive Oakland rental market.
CONSRISKS & DEFICIENCIES
- Century-Old Construction
Originally built in 1907, the property may require ongoing maintenance or seismic considerations typical of historic structures, despite recent interior updates.
- Low-Rated Local Schools
The surrounding public schools, including the nearest elementary and middle schools, carry low performance ratings, which may impact appeal for long-term family tenants.
About 890 31st St
Excellent investment opportunity! This fourplex features updated plumbing, remodeled bathrooms, and updated kitchens in three of the four units. Ideally located near Highways 580 and 980 and just minutes from Emeryville, the property provides convenient access to shopping, dining, public transportation, and major employment centers, making it highly desirable for tenants and investors alike.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1907
- Lot Size
- 6,040 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
Hoover Elementary School
Grades K-5 • 0.1 mi
2/10
Lafayette Elementary School
Grades 2-5 • 1.0 mi
1/10
Martin Luther King, Jr. Elementary School
Grades PK-3 • 1.2 mi
2/10
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 | 2,728 | 2,530.25 |
| Lot Size | 6,040 | 4,390.625 |
| Price | $850.0K | $918.2K |
| Price per sq ft | $312 | $343 |
| Built year | 1907 | 1921 |
| HOA | $0 | $0 |
| Days on market | 12 | 66 |
Pricing History
Listed for Sale
Aug 28, 2026
$850,000
Initial Listing
Sold
May 26, 2006
$550,000
Public Record