3314 Farnam St, Oakland, California 94601, Oakland, 94601 - bed, bath
ACTIVE$795,000
3314 Farnam St, Oakland, California 94601
0Bed
0Bath
Sqft
4,000Lot
Year Built
1923
Close
-
List price
$795K
Original List price
$795K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41108659
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $795.0K(55th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
Qualified investors are extended the opportunity to acquire 3314 Farnam Street located in Oakland, CA. This well-maintained apartment community of 4 units was built in 1923 and includes 1 large two bedroom / two bathroom unit and 3 two bedroom one bathroom units. Each unit is individually metered for gas and electric. Tenants enjoy secure gated access and a common area backyard. 3314 Farnam offers investors the opportunity to increase cash flow through potential conversion of the 3 storage units into ADU's, capital expenditure pass throughs and rent increases. Buyer shall be responsible for verifying unit determination.
Nearby schools
3/10
International Community School
Public,•K-5•0.4mi
5/10
Think College Now School
Public,•K-5•0.4mi
2/10
Global Family School
Public,•K-5•0.6mi
3/10
Manzanita Seed
Public,•K-5•1.0mi
8/10
Edison Elementary School
Public,•K-5•1.0mi
2/10
Horace Mann Elementary School
Public,•K-5•1.2mi
2/10
Allendale Elementary School
Public,•K-5•1.3mi
4/10
Fruitvale Elementary School
Public,•K-5•1.4mi
5/10
Glenview Elementary School
Public,•K-5•1.9mi
4/10
Urban Promise Academy
Public,•6-8•0.3mi
3/10
United For Success Academy
Public,•6-8•0.6mi
4/10
Roosevelt Middle School
Public,•6-8•1.1mi
3/10
Melrose Leadership Academy
Public,•PK-8•1.4mi
6/10
Edna Brewer Middle School
Public,•6-8•1.8mi
9/10
Lincoln Middle School
Public,•6-8•1.8mi
2/10
Bret Harte Middle School
Public,•6-9•1.8mi
1/10
Roots International Academy
Public,•6-8•2.0mi
2/10
Fremont High
Public,•9-12•0.8mi
9/10
Alameda High School
Public,•9-12•1.6mi
3/10
Coliseum College Prep Academy
Public,•6-12•2.0mi
4/10
Oakland High School
Public,•9-12•2.0mi
4/10
Skyline High School
Public,•9-12•3.6mi
2/10
Oakland International High School
Public,•9-12•4.3mi
Price History
Date
Event
Price
08/19/25
Listing
$795,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old. While the exterior appears to have been painted, the interior images, specifically the bathroom, reveal a very dated and worn condition. The bathroom features old, discolored tiles, worn grout, a basic pedestal sink, and an outdated light fixture, indicating it likely hasn't been renovated in 30-50+ years and requires substantial rehabilitation to meet modern standards. The lack of central cooling (window AC units visible) and the property's age suggest major systems are likely original or very old, necessitating significant upgrades.
Pros & Cons
Pros
Great Schools: Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Significant Value-Add Potential: The property offers a clear opportunity to increase cash flow and property value through the potential conversion of 3 existing storage units into Accessory Dwelling Units (ADUs).
Strong Income-Generating Asset: As a well-maintained 4-unit apartment community (quadruplex), it provides immediate and diversified rental income streams for investors.
Individual Utility Metering: Each unit is individually metered for gas and electric, which significantly reduces landlord operating expenses and simplifies utility management.
Desirable Unit Mix: The property features a practical unit mix of one large 2-bedroom/2-bathroom unit and three 2-bedroom/1-bathroom units, appealing to a broad range of renters.
Tenant-Friendly Amenities: Tenants benefit from secure gated access and a common area backyard, enhancing the property's appeal and potentially aiding tenant retention.
Cons
Age of Property: Built in 1923, the property is over 100 years old, which may necessitate future capital expenditures for system upgrades, structural maintenance, or compliance with modern building codes.
ADU Conversion Due Diligence: The listing explicitly states 'Buyer shall be responsible for verifying unit determination' regarding ADU conversion, indicating potential complexities or uncertainties that require thorough investigation and may incur additional costs.
Mixed Local School Ratings: While some schools are highly rated, several nearby public schools have lower ratings, which could be a consideration for family-oriented tenants or impact long-term property desirability for certain demographics.