ACTIVE$1,150,000

2775 E 21st St, Oakland, California 94601

0Bed

0Bath

Sqft

3,029Lot

Year Built

1926

List price

$1.15M

Original List price

$1.15M

Price/Sqft

HOA

Days on market

Sold On

MLS number

41105459

Home ConditionExcellent

Features

Good View:

Patio

View-

About this home

Fully remodeled 3-unit investment with high cash flow. The current cap rates 6.87% and the current GRM is 9.95%. The property offers three units consisting of two 3bd/2bth units with large basements and one detached studio unit. Currently, all bedrooms are rented individually to maximize cash flow, however the back detached studio unit will be delivered vacant at closing making a perfect set-up for an owner-occupant. All units have been fully remodeled and offer newer kitchens and bathrooms with stainless steel appliances, new cabinets, new fixtures, custom lightning, newer flooring, newer paint, custom tile work, double pane windows, and more. The property is easy to manage, and the units are separately metered for PG&E providing for low future annual expenses. The property has upgraded electrical and plumbing systems and all known maintenance issues have been addressed resulting in a 100% turn-key property for the next investor. The property is located on a quiet cul-de-sac with mostly single-family homes and high pride of ownership. The property offers a great location for tenants and is close to a variety of restaurants and shopping options with easy access to BART, Downtown Oakland, HWY 580 and HWY 880.

Nearby schools

3/10

International Community School

Public,•K-5•0.4mi

5/10

Think College Now School

Public,•K-5•0.4mi

3/10

Manzanita Seed

Public,•K-5•0.5mi

2/10

Global Family School

Public,•K-5•0.8mi

4/10

Fruitvale Elementary School

Public,•K-5•1.0mi

2/10

Allendale Elementary School

Public,•K-5•1.1mi

8/10

Edison Elementary School

Public,•K-5•1.4mi

5/10

Glenview Elementary School

Public,•K-5•1.5mi

2/10

Horace Mann Elementary School

Public,•K-5•1.5mi

4/10

Urban Promise Academy

Public,•6-8•0.2mi

3/10

United For Success Academy

Public,•6-8•0.5mi

4/10

Roosevelt Middle School

Public,•6-8•0.8mi

6/10

Edna Brewer Middle School

Public,•6-8•1.3mi

2/10

Bret Harte Middle School

Public,•6-9•1.5mi

3/10

Melrose Leadership Academy

Public,•PK-8•1.6mi

9/10

Lincoln Middle School

Public,•6-8•2.3mi

1/10

Roots International Academy

Public,•6-8•2.4mi

2/10

Fremont High

Public,•9-12•1.1mi

4/10

Oakland High School

Public,•9-12•1.5mi

9/10

Alameda High School

Public,•9-12•1.9mi

3/10

Coliseum College Prep Academy

Public,•6-12•2.4mi

4/10

Skyline High School

Public,•9-12•3.5mi

2/10

Oakland International High School

Public,•9-12•3.9mi

Price History

Date

Event

Price

07/19/25

Listing

$1,150,000

Neighborhood Comparison

	Subject	Average Home	Neighbourhood Ranking (11 Listings)
Beds	0	0
Baths	0	0
Square foot	0	0
Lot Size	3,029	4,945	17%
Price	$1.15M	$644K	92%
Price per square foot	$0	$0
Built year	1926	9705973	33%
HOA
Days on market	109	211	8%

Condition Rating

Excellent

Despite being built in 1926, this property has undergone a comprehensive and recent 'fully remodeled' renovation, as explicitly stated in the listing. The images corroborate this, showcasing modern kitchens with light gray cabinets, dark countertops, and stainless steel appliances (gas range, dishwasher). Flooring throughout appears new, with neutral tiles in the kitchen and light wood-look laminate/LVP in living areas and bedrooms. The description also highlights newer bathrooms with custom tile work, new fixtures, custom lighting, double-pane windows, and upgraded electrical and plumbing systems. All these elements point to a property where all components are new or virtually new, meeting current quality standards with no deferred maintenance, making it a 100% turn-key investment.

Pros & Cons

Pros

Strong Financial Performance: The property boasts an attractive 6.87% cap rate and a 9.95% GRM, indicating high cash flow and a solid return on investment for an income property.

Fully Remodeled & Turn-Key: All three units have been extensively remodeled with newer kitchens, bathrooms, stainless steel appliances, updated electrical/plumbing, and double-pane windows, offering a 100% turn-key investment with minimal immediate maintenance needs.

Owner-Occupant Potential: The detached studio unit will be delivered vacant at closing, providing an ideal opportunity for an owner-occupant to live on-site while benefiting from rental income from the other units.

Low Operating Expenses: Units are separately metered for PG&E, which significantly reduces landlord utility expenses and simplifies property management.

Desirable Location & Tenant Appeal: Located on a quiet cul-de-sac in a high pride-of-ownership neighborhood, with excellent access to restaurants, shopping, BART, Downtown Oakland, and major freeways (HWY 580 & 880), enhancing tenant demand.

Cons

Individual Room Rental Strategy: The current strategy of renting bedrooms individually, while maximizing cash flow, can lead to higher tenant turnover, increased management intensity, and potentially more wear and tear on the units.

Limited Lot Size: With a lot size of 3029 sqft for a triplex, outdoor space and potential for additional amenities or parking may be limited, which could be a consideration for some tenants or future development.

Age of Structure: Despite extensive remodeling, the property was built in 1926. While major systems are updated, the age of the underlying structure could still present unforeseen long-term maintenance challenges.

About this home

Nearby schools

Price History

Pros

Cons

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2775 E 21st St, Oakland, California 94601, Oakland, - bed, bath

About this home

Nearby schools

Price History

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI