985 39 Street, Oakland, California 94608, Oakland, 94608 - 0 bed, 0 bath
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985 39 Street
Oakland, California 94608
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,179Sq Ft
6,008Lot Size
Property Price
LIST PRICE$925,000
EST. MARKET VALUE
$751,562
23% AboveMARKET VALUE
SUMMARY
This Fully Rented Triplex represents a High-Potential Investment Opportunity, listed at $925,000—positioned above the $751,563 Fair Market Value. While the property requires a premium, its Condition Rating of 4 and prime location on the Oakland/Emeryville border offer significant long-term stability. Featuring a Large Gated Backyard and proximity to MacArthur BART, this asset provides immediate cash flow. The buyer must address the Sewer Lateral Responsibility, making this a strategic acquisition for Buy-and-Hold Investors or House Hackers seeking a high-demand rental location.
Estimated Market Value
$751,562
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 |
|---|---|---|---|---|---|---|
★ 985 39 Street Subject 0 bd · 0 ba · 2,179 sqft · $345 | $925,000* List Price | 0 | 0 | 2,179 | $345 | - |
A 2836 Myrtle St Sold 0 bd · 0 ba · 2,590 sqft · $299 · 0.7 mi | $775,000 | 0 | 0 | 2,590 | $299 | 0.7 mi |
B 961 963 37th Street Sold 0 bd · 0 ba · 0 sqft · 0.2 mi | $836,000 | 0 | 0 | 0 | 0.2 mi | |
C 2825 Market St Sold 0 bd · 0 ba · 2,293 sqft · $349 · 0.7 mi | $800,000 | 0 | 0 | 2,293 | $349 | 0.7 mi |
D 876 880 52nd St Sold 0 bd · 0 ba · 0 sqft · 0.6 mi | $900,000 | 0 | 0 | 0 | 0.6 mi | |
E 1072 56th St Active 0 bd · 0 ba · 1,845 sqft · $487 · 0.7 mi | $898,000 List Price | 0 | 0 | 1,845 | $487 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1925, this property is nearly 100 years old and shows a mix of original character and dated updates. While the description mentions a modernized kitchen and refinished floors, the photos reveal older windows, original built-ins, and the use of a portable space heater, suggesting the HVAC systems are not modern. The requirement for the buyer to handle the sewer lateral also indicates aging infrastructure that needs attention.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated on the Oakland/Emeryville border, the property offers exceptional walkability to Safeway and quick access to MacArthur BART, making it highly attractive for commuters and tenants.
- Multi-Unit Income Potential
This fully rented triplex features a main house plus two additional units, providing immediate cash flow and a versatile investment opportunity in a high-demand rental market.
- Expansive Private Lot
The property includes a large, gated backyard with mature fruit trees, offering rare private outdoor space that enhances tenant retention and overall property value.
CONSRISKS & DEFICIENCIES
- Sewer Lateral Responsibility
The buyer is responsible for the sewer lateral compliance, which represents an immediate post-closing expense and potential logistical requirement.
- Vintage Infrastructure
Originally built in 1925, the property may require significant long-term capital expenditures for systems upgrades or structural maintenance typical of century-old buildings.
About 985 39 Street
PRIME LOCATION....(Oakland/Emeryville border). Could be investors' dream property. Don/t miss this incredible opportunity to own a home in a highly accessible and sought after area. This fully rented triplex offers. Included in the property is the main house in the front and two additional units in the back, all sharing a large, gated private backyard filled with fruit trees. MAIN HOUSE: features spacious formal living room with gas fireplace * Elegant dining area leading to a modernized kitchen with updated counter top. * Two bedrooms and a full bath off the main hallway. Additional bonus room, perfect for an office or lounge, with direct access to the private backyard. -- LOWER UNIT: One bedroom with a bonus room, refinished Pergo flooring, and open living dining area. UPPER UNIT: One bedroom/bonus room, living room, kitchen and a bathroom featuring refinished floors throughout. Buyer reponsible for Sewer latral UNBEATABLE LOCATION: This property offers unbeatable convenience, 4-minute walk to Safeway; 5 to 7 minutes drive to Mac Arthur BART Satation.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1925
- Lot Size
- 6,008 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 • 0.5 mi
2/10
Emerson Elementary School
Grades K-5 • 1.1 mi
2/10
Sankofa Academy
Grades PK-5 • 1.4 mi
1/10
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 | 2,179 | 2,403.227 |
| Lot Size | 6,008 | 4,461.364 |
| Price | $925.0K | $900.8K |
| Price per sq ft | $425 | $343 |
| Built year | 1925 | 1919 |
| HOA | $0 | $0 |
| Days on market | 51 | 67 |
Pricing History
Listed for Sale
Sep 3, 2026
$925,000
Initial Listing
Sold
Jul 23, 2002
$460,000
Public Record
Sold
Dec 22, 1995
$128,000
Public Record