Log In/Sign Up
Your email has been sent.
Duplex with ADU Potential! 1331 87th Ave 2 Unit Apartment Building $1,187,500 ($593,750/Unit) Oakland, CA 94621
Executive Summary
Seize a premier asset acquisition opportunity in the appreciating Oakland market. This fully remodeled, multi-family residence at 1331 87th Ave offers immediate positive cash flow and significant long-term equity growth potential. Both units have been completely remodeled, ensuring minimal initial capital expenditure for the new owner. The substantial backyard and side driveway offer a clear opportunity for the development of an Accessory Dwelling Unit (ADU), a proven strategy to increase property value and generate additional rental income. The asset boasts a new exterior, new interior finishes, a new roof, and new appliances, significantly reducing near-term maintenance liabilities and enhancing the depreciable asset base.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,187,500 | Building Class | C |
| Price Per Unit | $593,750 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,120 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2023 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM-2 S-13 | ||
| Price | $1,187,500 |
| Price Per Unit | $593,750 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,120 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2023 |
| Opportunity Zone |
Yes |
| Zoning | RM-2 S-13 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 042-4252-013-00 | Total Assessment | $711,210 (2025) |
| Land Assessment | $162,363 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $548,847 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
042-4252-013-00
Land Assessment
$162,363 (2025)
Improvements Assessment
$548,847 (2025)
Total Assessment
$711,210 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Duplex with ADU Potential! | 1331 87th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.