3234 E 27th St, Oakland, California 94601, Oakland, - bed, bath
ACTIVE$995,000
3234 E 27th St, Oakland, California 94601
0Bed
0Bath
Sqft
5,580Lot
Year Built
1965
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41088104
Home ConditionFair
Features
View-
About this home
Great opportunity for an investor or owner live in. Building has a coin operated laundry room, separately metered water. Property near local conveniences, schools, 580 and 880 freeways.
Price History
Date
Event
Price
03/04/25
Listing
$995,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (11 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 5,580 | 5,045 | 58% |
| Price | $995K | $644K | 92% |
| Price per square foot | $0 | $0 | |
| Built year | 1965 | 9725973 | 100% |
| HOA | |||
| Days on market | 245 | 236 | 58% |
Condition Rating
Fair
The property was built in 1965, making it 59 years old. While the exterior appears to be maintained with a relatively fresh paint job, there is no information or visual evidence of recent major renovations. Without interior images, it's impossible to assess the condition of the kitchen, bathrooms, flooring, or appliances directly. However, given the age of the building and the lack of renovation details, it is highly probable that these key areas are outdated in style and features, requiring minor to moderate updates to meet current standards. The property likely falls into the 'aged but maintained' category, where major components are functional but show signs of being outdated, aligning with a 'Fair' condition score.
Pros & Cons
Pros
Great Schools: Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Strong Investment Opportunity: As a quadruplex, this property is explicitly marketed as a 'Great opportunity for an investor or owner live in,' offering multiple income streams and significant potential for rental revenue.
Income-Enhancing Amenities: The building features a coin-operated laundry room, providing an additional revenue stream for the owner beyond rental income.
Reduced Owner Overhead: Separately metered water for each unit is a significant advantage, minimizing owner utility expenses and simplifying tenant billing, which is crucial for multi-unit properties.
Excellent Accessibility & Conveniences: Strategically located near local conveniences, schools, and major freeways (580 and 880), enhancing tenant appeal and ensuring strong demand for rentals.
Multi-Unit Diversification: Being a quadruplex, it offers diversified rental income streams, which can provide greater financial stability and reduce risk compared to single or dual-unit properties.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1965, the property is nearly 60 years old, suggesting potential for aging systems (plumbing, electrical, HVAC) and higher maintenance costs or the need for significant capital expenditures for updates.
Lack of Unit-Specific Details: The description lacks crucial information regarding the number of bedrooms/bathrooms per unit, current rental income, or the specific condition of individual units, making it challenging for potential buyers to assess immediate cash flow and renovation needs.
Unspecified Condition of Units: While presented as an 'investor opportunity,' the absence of details on recent renovations or unit conditions implies potential for significant renovation costs to modernize and maximize rental income, which could be a substantial upfront investment.