840 Oak St, Alameda, California 94501, Alameda, - bed, bath
ACTIVE$1,298,000
840 Oak St, Alameda, California 94501
0Bed
0Bath
Sqft
2,795Lot
Year Built
1908
Close
-
List price
$1.3M
Original List price
$1.45M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41102015
Home ConditionFair
Features
Patio
View-
About this home
Adorable Central Alameda triplex on a quiet street configured of Unit A: 1 bed/1 bath unit upstairs, Unit B: 2 bed/1 bath unit downstairs with laundry hookups on the back porch and accessible to all 3 units and Unit C: a small 2 bed/1 bath ADU in the back. Nice long driveway, easily fits 2 vehicles and low maintenance. Cute as a button from the street and new flooring in units B and C. Upstairs unit A is currently occupied, B is vacant and C will be delivered vacant. Tenant pays their own electric, gas and garbage, owner pays water for all units.
Nearby schools
6/10
Henry Haight Elementary School
Public,•K-5•0.7mi
9/10
Donald D. Lum Elementary School
Public,•4-5•0.8mi
8/10
Franklin Elementary School
Public,•K-5•1.0mi
5/10
William G. Paden Elementary School
Public,•K-5•2.2mi
5/10
Will C. Wood Middle School
Public,•6-8•0.8mi
9/10
Alameda High School
Public,•9-12•0.4mi
7/10
Encinal Junior/Senior High
Public,•6-12•2.4mi
Price History
Date
Event
Price
09/30/25
Price Change
$1,298,000-6.5%
09/07/25
Price Change
$1,388,000
06/30/25
Listing
$1,450,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (14 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 2,795 | 4,644 | 13% |
| Price | $1.3M | $1.3M | 50% |
| Price per square foot | $0 | $0 | |
| Built year | 1908 | 1908 | 50% |
| HOA | |||
| Days on market | 128 | 145 | 47% |
Condition Rating
Fair
Built in 1908, this triplex shows signs of regular maintenance and some recent cosmetic updates, such as new flooring in units B and C. Unit C's kitchen features newer grey cabinets, modern countertops, and updated lighting, though it retains older white appliances. Unit B's kitchen also has older white appliances and dated countertops, while its bathroom has very dated light fixtures and a medicine cabinet. The property is functional and livable, but the age of the building and the mix of updated and outdated components, particularly the appliances and some bathroom fixtures, indicate that minor updates and potential system checks would be beneficial, aligning with a 'Fair' condition.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex with three distinct units (1 bed/1 bath, 2 bed/1 bath, and a 2 bed/1 bath ADU), offering diversified rental income potential.
Desirable Location: Located in 'Central Alameda' on a quiet street, suggesting a sought-after and peaceful neighborhood with good access to local amenities.
Immediate Vacancy for Flexibility: Units B and C will be delivered vacant, providing immediate flexibility for an owner-occupant or the opportunity to set market-rate rents for new tenants.
Recent Interior Updates: New flooring in units B and C indicates recent improvements, enhancing the aesthetic appeal and reducing immediate renovation needs for those units.
Excellent School Access: Proximity to highly-rated schools, notably Alameda High School (rating 9, 0.37 miles), is a significant draw for families and enhances long-term value.
Cons
Historic Property Age: Built in 1908, the property is over a century old, which may imply potential for higher maintenance costs, outdated systems, or lead-based paint concerns.
Significant Price Reductions: Multiple price drops from the original list price of $1.45M to $1.298M suggest potential overpricing or market resistance, indicating a need for careful valuation.
Owner-Paid Water & Shared Laundry: The owner pays water for all units, representing an ongoing expense, and laundry hookups are shared on the back porch, which may be less convenient for tenants.