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1331 87th Avenue

Oakland, CA 94621
  • $1,187,500
  • STATUS: Active
  • ON SITE: 97 Days
  • ID#: ML82028467
UPDATED: 84 min ago
$1,187,500
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,647
    SQFT
  • $449
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Agent(s): Mark Caloca of BRG Realty ((408) 558-3600) and John L. Morra of CENTURY 21 Masters((510) 257-4441)


Description

Seize a premier asset acquisition opportunity in Oaklands appreciating market. This fully remodeled multi-family residence at 1331 87th Ave offers strong long-term equity potential. Both units have been extensively renovated, minimizing upfront costs for the new owner. The extra-large lot provides an estimated 2,100± sq. ft. of expansion potential, including the opportunity to add an ADU and likely a Junior ADU a valuable advantage as the City of Oakland continues to encourage additional housing. Buyers should verify development potential with the City of Oakland Planning Department. Value-add spacious backyard and side driveway offer clear ADU-building potential, creating an additional income stream and boosting overall property value. Major upgrades including a new roof, new exterior, new interior finishes, and new appliances significantly reduce near-term maintenance expenses.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-09T19:32:03.493. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/170984260
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1331 87th Avenue Oakland, CA 94621

  • Price: $1,187,500
  • Status: Active
  • On Site: 97 Days
  • Updated: 84 min ago
  • ID#: ML82028467
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2,647
SQFT
$449
$/SQFT
1920
Built
County:
Alameda
Elementary School:
Other
Middle School:
Other
High School:
Other
School District:
Other
Property Description
Seize a premier asset acquisition opportunity in Oaklands appreciating market. This fully remodeled multi-family residence at 1331 87th Ave offers strong long-term equity potential. Both units have been extensively renovated, minimizing upfront costs for the new owner. The extra-large lot provides an estimated 2,100± sq. ft. of expansion potential, including the opportunity to add an ADU and likely a Junior ADU a valuable advantage as the City of Oakland continues to encourage additional housing. Buyers should verify development potential with the City of Oakland Planning Department. Value-add spacious backyard and side driveway offer clear ADU-building potential, creating an additional income stream and boosting overall property value. Major upgrades including a new roof, new exterior, new interior finishes, and new appliances significantly reduce near-term maintenance expenses.
Exterior Features

Carport Spaces 0 Foundation Details Slab Parking Features Off StreetUncovered Parking Total 5 Roof Composition View YN No

Interior Features

Accessibility Features OtherParking Cooling Central Air Cooling YN Yes Heating CentralForced Air Heating YN Yes

Property Features

Association YN No Cap Rate 3.4 Garage YN No Gross Scheduled Income 62400 Insurance Expense 3499 Listing Agreement Seller Reserved Listing Service Full Service Listing Terms FHAVA Loan Maintenance Expense 0 Other Expense 0 Possession Close Of Escrow Property Sub Type Duplex Sewer Other Special Listing Conditions Standard Tax Annual Amount 18556 Trash Expense 0 Water Source Other Zoning RM-2 S-13



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-09T19:32:03.493. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Mark Caloca of BRG Realty ((408) 558-3600) and John L. Morra of CENTURY 21 Masters((510) 257-4441)