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1331 87th Avenue, Oakland, California 94621, Oakland, 94621 - bed, bath

1331 87th Avenue, Oakland, California 94621 home-pic-0
ACTIVE$1,250,000
1331 87th Avenue, Oakland, California 94621
0Bed
0Bath
2,647Sqft
4,875Lot
Year Built
1920
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$472
HOA
-
Days on market
-
Sold On
-
MLS number
ML82028467
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(88th), sqft - 2647(75th), beds - undefined(50th), baths - undefined(50th).

Seize a premier asset acquisition opportunity in Oaklands appreciating market. This fully remodeled multi-family residence at 1331 87th Ave offers immediate positive cash flow and strong long-term equity potential. Both units have been extensively renovated, minimizing upfront costs for the new owner. The extra-large lot provides an estimated 2,100± sq. ft. of expansion potential, including the opportunity to add an ADU and likely a Junior ADUa valuable advantage as the City of Oakland continues to encourage additional housing. Buyers should verify development potential with the City of Oakland Planning Department. A spacious backyard and side driveway offer clear ADU-building potential, creating an additional income stream and boosting overall property value. Major upgradesincluding a new roof, new exterior, new interior finishes, and new appliancessignificantly reduce near-term maintenance expenses.

Nearby schools

2/10
Rise Community School
Public,•K-5•0.1mi
1/10
New Highland Academy
Public,•K-5•0.1mi
1/10
Encompass Academy Elementary
Public,•K-5•0.5mi
5/10
Acorn Woodland Elementary School
Public,•K-5•0.5mi
2/10
Elmhurst Community Prep School
Public,•6-8•0.7mi
1/10
Roots International Academy
Public,•6-8•1.1mi
1/10
Castlemont High
Public,•9-12•1.0mi
3/10
Coliseum College Prep Academy
Public,•6-12•1.1mi
2/10
Fremont High
Public,•9-12•2.4mi
2/10
Oakland International High School
Public,•9-12•7.3mi

Price History

Date
Event
Price
12/01/25
Listing
$1,250,000
11/02/20
Sold
$500,000
09/29/06
Sold
$107,500
Condition Rating
Excellent
Despite being built in 1920, the property has undergone an extensive and full renovation, as explicitly stated in the description. Major upgrades include a new roof, new exterior, new interior finishes, and new appliances. The exterior images confirm a fresh, modern appearance with new siding and well-maintained decks/stairs. This comprehensive renovation brings the property to a virtually new condition, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Extensive Renovation: Both units are fully and extensively remodeled with major upgrades including a new roof, exterior, interior finishes, and appliances, significantly reducing immediate maintenance costs for the new owner.
ADU & Expansion Potential: The extra-large 4,875 sqft lot provides an estimated 2,100± sq. ft. of expansion potential, including clear opportunities to add an ADU and likely a Junior ADU, which can boost income and overall property value.
Immediate Positive Cash Flow: The property is marketed as an investment opportunity offering immediate positive cash flow and strong long-term equity potential, appealing to income-focused buyers.
Multi-Family Income Property: As a fully renovated duplex, it provides dual income streams, making it an attractive asset for investors seeking residential income in a desirable market.
Appreciating Market Opportunity: Located in Oakland's appreciating market, the property is positioned as a premier asset acquisition opportunity with strong potential for long-term equity growth.

Cons

Low-Rated Schools Nearby: Several elementary, middle, and high schools within the vicinity have low ratings (1-2), which could be a significant deterrent for families with school-aged children.
Development Potential Verification Required: Buyers are explicitly advised to verify all development potential (ADU, expansion) with the City of Oakland Planning Department, introducing an element of uncertainty and additional due diligence.
Significant Price Appreciation: The current list price of $1.25M represents a substantial increase from its last sale of $500,000 in 2020, which, despite renovations, might raise questions about current market value and future rapid appreciation potential.

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