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254 Perkins St., Oakland, California 94610, Oakland, - bed, bath

home-pic
ACTIVE$899,888
254 Perkins St., Oakland, California 94610
0Bed
0Bath
Sqft
5,785Lot
Year Built
1915
Close
-
List price
$900K
Original List price
$999K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41101492
Home ConditionFair
Features
Patio
View-

About this home

PRICE IMPROVEMENT! Charming Adams Point Multi Unit Gem – Prime Investment Opportunity and Great Value! Built in 1915, this character-filled multi-unit in the desirable Adams Point neighborhood offers a fantastic investment opportunity. TWO UNITS ARE VACANT. All units provide lots of natural light. The main level features two units: a studio and a spacious 1-bedroom. Upstairs, two additional 1-bedroom/1-bath units provide comfortable living spaces. All units include a refrigerator and stove, with a mix of hardwood flooring and carpeting and charm of homes from this era. A shared laundry room in the basement features a washer/dryer for tenant use. Recent upgrades include a newer roof (5 years old) and copper piping. Parking available for all tenants, plus ample street parking. Ideally located near Lake Merritt, shopping, dining, and easy freeway access, this multi-unit property is perfect for investors seeking strong rental potential in a prime Oakland location. Don’t miss this opportunity!

Price History

Date
Event
Price
10/09/25
Price Change
$899,888-9.9%
06/14/25
Listing
$999,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds00
Baths00
Square foot00
Lot Size5,7856,000
44%
Price$900K$1.1M
22%
Price per square foot$0$0
Built year19151915
50%
HOA
Days on market144119
56%
Condition Rating
Fair
Built in 1915, this multi-unit property shows its age through its interior aesthetics. While major systems like the roof (5 years old) and copper piping have been recently updated, the visible interiors, particularly the kitchen and bathroom, are significantly dated. The bathroom features old mosaic floor tiles and wall tiles, along with a pedestal sink, indicative of a style from many decades ago. Kitchens are described as having a refrigerator and stove, but images suggest very basic and outdated setups. Flooring is a mix of hardwood and older carpeting. The property is functional and maintained in terms of critical infrastructure, but requires substantial aesthetic updates and modernization to meet current standards, aligning with the 'fair' condition.
Pros & Cons

Pros

Strong Investment Opportunity: This quadruplex offers significant investment potential with two vacant units, allowing for immediate market-rate rent adjustments or owner-occupancy flexibility.
Prime Adams Point Location: Situated in the desirable Adams Point neighborhood, the property benefits from proximity to Lake Merritt, shopping, dining, and easy freeway access, ensuring high tenant demand.
Key Infrastructure Upgrades: Recent upgrades including a newer roof (5 years old) and copper piping address major maintenance concerns, reducing immediate capital expenditure for a new owner.
Significant Price Reduction: A recent price improvement from $999,000 to $899,888 enhances the property's value proposition and indicates a motivated seller.
Tenant-Friendly Amenities: The property includes a shared laundry room and available parking for all tenants, which are attractive features in an urban rental market.

Cons

Advanced Age of Property: Built in 1915, the property likely requires ongoing maintenance beyond recent upgrades, potentially involving older electrical systems, windows, or other structural components.
Basic Unit Amenities: Units are equipped with only a refrigerator and stove, lacking modern conveniences like in-unit laundry or dishwashers, which could limit premium rental rates.
Potential for Cosmetic Updates: While possessing 'charm of homes from this era' and mixed flooring, some units may benefit from cosmetic renovations to maximize rental appeal and value.

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