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1342 E 31st St, Oakland, California 94602, Oakland, - bed, bath

home-pic
ACTIVE$698,000
1342 E 31st St, Oakland, California 94602
0Bed
0Bath
Sqft
4,200Lot
Year Built
1929
Close
-
List price
$698K
Original List price
$698K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41093956
Home ConditionPoor
Features
View-

About this home

Duplex in the Heart of Oakland! Discover a rare opportunity with this versatile duplex at 1342 East 31st Street, ideally located near Lake Merritt, Highland Hospital, and just minutes from downtown Oakland. Whether you’re an investor seeking steady rental income or a homeowner looking to live in one unit and rent the other, this property offers excellent flexibility and potential. Property Highlights: Two Spacious Units – Each unit offers comfortable living space with well-proportioned layouts. Income Potential – Perfect for generating rental income or as a multigenerational living setup. Prime Location – Close to shopping, dining, BART, and freeway access for an easy San Francisco commute. Private Yard – A usable outdoor space ideal for gardening, entertaining, or pets. Parking – Off-street parking available for convenience. Investment Value – Oakland duplexes continue to be in high demand, offering strong appreciation and rental growth potential. Lifestyle & Location: Enjoy the vibrancy of Oakland living, just blocks from Lake Merritt, the Grand Lake farmers’ market, and countless neighborhood cafés. Highland Hospital and Kaiser are nearby, making this a great choice for medical professionals. Quick freeway access to I-580 and I-880 makes commuting simple.

Price History

Date
Event
Price
04/18/25
Listing
$698,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (7 Listings)
Beds00
Baths00
Square foot00
Lot Size4,2004,654
38%
Price$698K$1M
25%
Price per square foot$0$0
Built year19299625963
88%
HOA
Days on market201178
50%
Condition Rating
Poor
Built in 1929, this duplex shows significant signs of age and deferred maintenance on the exterior, including extensive peeling paint and very old windows. The lack of any mention of recent renovations in the description, combined with the visible exterior condition, strongly suggests that the interior, particularly the kitchen and bathrooms, are severely outdated and require substantial repairs and rehabilitation to meet modern standards. Major systems are likely at or beyond their expected lifespan.
Pros & Cons

Pros

Income Potential: As a versatile duplex, the property offers excellent flexibility for generating steady rental income or as a multigenerational living setup, appealing to both investors and owner-occupants.
Prime Location: Ideally situated near Lake Merritt, Highland Hospital, and minutes from downtown Oakland, with convenient access to shopping, dining, BART, and freeways for an easy San Francisco commute.
Strong Investment Value: Oakland duplexes are noted for high demand, offering strong appreciation and rental growth potential, making this a sound long-term investment.
Off-Street Parking: The availability of off-street parking adds significant convenience and value, especially in an urban setting like Oakland.
Private Outdoor Space: A usable private yard provides valuable outdoor space for gardening, entertaining, or pets, enhancing lifestyle appeal for tenants or owner-occupants.

Cons

Age of Property: Built in 1929, the property is nearly a century old, which often implies potential for outdated systems (plumbing, electrical) and higher maintenance requirements.
Undisclosed Interior Condition: The description highlights 'spacious units' but lacks details on recent interior renovations or modern finishes, suggesting the units may be dated and require significant investment to meet current market expectations.
Potential for Capital Expenditures: Given the property's age and the absence of information regarding major system upgrades, a buyer should anticipate potential future costs for significant repairs or replacements of key building components.

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