1331 87th Ave Oakland, CA 94621
Highland NeighborhoodAbout This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- 1920
Home Design
- Duplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,647 Sq Ft Home
- 2-Story Property
Parking
- 5 Parking Spaces
- On-Street Parking
- Uncovered Parking
- Off-Street Parking
Additional Features
- 4,874 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
Community Details
Overview
Building Details
- 2 Leased Units
- Insurance Expense $3,499
- Operating Expense $22,055
- Gross Income $62,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,132 | $711,210 | $162,363 | $548,847 |
| 2024 | $10,132 | $616,300 | $159,180 | $457,120 |
| 2023 | $9,434 | $520,200 | $156,060 | $364,140 |
| 2022 | $9,099 | $510,000 | $153,000 | $357,000 |
| 2021 | $8,602 | $500,000 | $150,000 | $350,000 |
| 2020 | $2,221 | $44,363 | $14,999 | $29,364 |
| 2019 | $4,943 | $43,493 | $14,705 | $28,788 |
| 2018 | $1,943 | $42,640 | $14,416 | $28,224 |
| 2017 | $1,807 | $41,804 | $14,134 | $27,670 |
| 2016 | $1,648 | $40,984 | $13,856 | $27,128 |
| 2015 | $1,632 | $40,368 | $13,648 | $26,720 |
| 2014 | $1,697 | $39,578 | $13,381 | $26,197 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/14/2026 01/14/26 | Price Changed | $1,187,500 | -5.0% | $449 / Sq Ft | |
| 12/01/2025 12/01/25 | For Sale | $1,250,000 | +150.0% | $472 / Sq Ft | |
| 06/16/2025 06/16/25 | Off Market | $500,000 | -- | -- | |
| 02/04/2025 02/04/25 | Off Market | $500,000 | -- | -- | |
| 09/30/2024 09/30/24 | For Rent | $3,200 | 0.0% | -- | |
| 11/03/2020 11/03/20 | Sold | $500,000 | -4.0% | $308 / Sq Ft | View Prior Sale |
| 10/06/2020 10/06/20 | Pending | -- | -- | -- | |
| 09/14/2020 09/14/20 | Price Changed | $520,888 | -5.4% | $321 / Sq Ft | |
| 09/01/2020 09/01/20 | For Sale | $550,888 | 0.0% | $340 / Sq Ft | |
| 07/28/2020 07/28/20 | Pending | -- | -- | -- | |
| 07/26/2020 07/26/20 | For Sale | $550,888 | -- | $340 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $500,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | Alliance Title Company | |
| Grant Deed | $107,500 | Alliance Title Company | |
| Interfamily Deed Transfer | -- | Alliance Title | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Previous Owner | $215,000 | Commercial |
Source: MLSListings
MLS Number: ML82028467
APN: 042-4252-013-00
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