981 Vermont St, Oakland, California 94610, Oakland, 94610 - 0 bed, 0 bath
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981 Vermont St
Oakland, California 94610
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,222Sq Ft
10,670Lot Size
Property Price
LIST PRICE$1,000,000
EST. MARKET VALUE
$1,049,406
4% BelowMARKET VALUE
SUMMARY
This triplex presents a Strong Value Opportunity with a List Price of $1,000,000-positioned well below the $1,049,406 Fair Market Value by 4%. This valuation gap offers $49,406 in Instant Equity. With a Condition Rating of 5, this property requires restoration but offers immediate cash flow from two units and a vacant 2-bedroom space. Located near Top-Rated Schools like Crocker Highlands Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project with significant rental upside.
Estimated Market Value
$1,049,406+$49,406 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 |
|---|---|---|---|---|---|---|
★ 981 Vermont St Subject 0 bd · 0 ba · 3,222 sqft · $326 | $1,000,000* List Price | 0 | 0 | 3,222 | $326 | - |
A 170 Vernon Ter Active 0 bd · 0 ba · 2,487 sqft · $361 · 0.9 mi | $899,000 List Price | 0 | 0 | 2,487 | $361 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1935 and explicitly described as a 'fixer upper' needing restoration. While the exterior and landscaping appear well-maintained, the property's age (>80 years) and the lack of mentioned updates to kitchens, bathrooms, or major systems indicate a need for significant rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Crocker Highlands Elementary School (9/10). Middle School: Piedmont Middle School (9/10). High School: Piedmont High School (10/10).
- Income Generation Potential
This triplex offers immediate cash flow with $3,300 in monthly income from two units, plus a vacant 2-bedroom unit and a converted basement for additional rental or living flexibility.
- Prime Location and Views
Situated in the sought-after Lakeshore/Grand neighborhood near top-rated schools, the property features a large 10,670 sqft lot and potential for stunning downtown Oakland views once trees are trimmed.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
As a designated fixer-upper, the property requires immediate capital investment for cosmetic and structural restoration to reach its full market potential.
- Converted Living Spaces
The conversion into three units and a basement living area may present challenges regarding permit compliance and traditional financing requirements for some buyers.
About 981 Vermont St
Cosmetic fixer!!!!! What an opportunity. This 3220 square foot home has been converted to 3 living spaces. First floor 2 bed and 1 bath. 2nd floor, 2 apartments that generate $3300 in monthly income. First floor is vacant. In addition there is a converted basement that can be used as an additional rental or living space. 2 car garage. Huge patio and backyard. This is a FIXER UPPER and will be beautiful once restored. Amazing views of downtown Oakland and beyond once trees are trimmed.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1935
- Lot Size
- 10,670 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
Cleveland Elementary School
Grades K-5 • 0.8 mi
7/10
Piedmont Avenue Elementary School
Grades K-5 • 0.9 mi
2/10
Crocker Highlands Elementary School
Grades K-5 • 0.9 mi
9/10
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 | 3,222 | 2,403.227 |
| Lot Size | 10,670 | 4,461.364 |
| Price | $1.00M | $900.8K |
| Price per sq ft | $310 | $343 |
| Built year | 1935 | 1919 |
| HOA | $0 | $0 |
| Days on market | 17 | 67 |
Pricing History
Listed for Sale
Oct 7, 2026
$1,000,000
Initial Listing
Sold
Jun 29, 1998
$450,000
Public Record
Sold
Nov 8, 1993
$140,000
Public Record