856 21st, Oakland, California 94607, Oakland, - bed, bath
ACTIVE$1,288,888
856 21st, Oakland, California 94607
0Bed
0Bath
Sqft
3,969Lot
Year Built
1885
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41099909
Home ConditionPoor
Features
View-
About this home
Unique 4 units in two detached buildings on one lot, with an extra non conforming unit.
Price History
Date
Event
Price
06/02/25
Listing
$1,288,888
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 3,969 | 3,962 | 50% |
| Price | $1.29M | $768K | 90% |
| Price per square foot | $0 | $0 | |
| Built year | 1885 | 9530954 | 10% |
| HOA | |||
| Days on market | 156 | 162 | 50% |
Condition Rating
Poor
The property, built in 1885, shows significant signs of age and deferred maintenance. The kitchens are extremely dated with old appliances, basic cabinets, and worn countertops, likely renovated 30-50 years ago. Flooring is a mix of worn tile and laminate. Light fixtures are basic and outdated throughout. An exposed electrical panel in one kitchen suggests older electrical systems that may require substantial upgrades. While the property appears to be functional as a multi-unit, it requires extensive rehabilitation and major system replacements to meet current safety, comfort, and aesthetic standards. It is not a tear-down as it is currently occupied/rentable, but it is far from move-in ready and would be very uncomfortable in its current state without significant investment.
Pros & Cons
Pros
High Income Potential: The property features 4 legal units plus an additional non-conforming unit, offering significant rental income generation and robust cash flow opportunities for investors.
Multi-Unit Configuration: With four units spread across two detached buildings, the property provides enhanced tenant privacy and flexibility, potentially attracting a wider range of renters and reducing vacancy rates.
Historic Character: Built in 1885, the property likely possesses unique architectural details and historical charm, appealing to buyers and tenants seeking character properties in a vibrant urban setting.
Prime Investment Type: Classified as a 'Residential Income' property and a 'Quadruplex,' it represents an attractive asset for investors focused on stable returns and long-term appreciation in a competitive market.
Oakland Location: Situated in Oakland, California, a dynamic Bay Area city known for strong rental demand, economic growth, and convenient access to major employment centers and amenities.
Cons
Advanced Age & Potential for Deferred Maintenance: Constructed in 1885, the property is over a century old, suggesting a high likelihood of needing extensive repairs, system upgrades (plumbing, electrical, HVAC), and ongoing maintenance, which could be costly.
Non-Conforming Unit Risks: The presence of an 'extra non-conforming unit' introduces potential legal and regulatory challenges, including the risk of code violations, fines, or the need for costly legalization or removal.
Significant Capital Expenditure Requirements: Given the property's age and multi-unit nature, substantial capital expenditures for renovations, modernization, and bringing units up to current market standards are highly probable, impacting initial investment and overall return on investment.