Address
861 Mead Ave Oakland, CA
Price
$ 1,200,000
Property Attributes
  • ID#40969114
  • TypePending
  • CountyALAMEDA
  • CityOakland
  • AreaOakland Zip Code 94607
  • Zip94607
  • StyleFOURPLEX
  • Price$ 1,200,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3084
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
Joey Wang with KELLER WILLIAMS REALTY.
Data Source:
Contra Costa Association of REALTORS®
Property Description

For investors seeking long-term value and major upside, 861 Mead Avenue is a no-brainer—a 4 unit (4, 2BR/1BA) 3,000+ sq.ft. multifamily that’s ready for a new owner. In addition to the building’s large garage, private back patio, and ADU potential, each of the units comes w/ new flooring, new double-paned windows, and a remodeled kitchen and bath. At the time of this listing, the well-maintained building generates strong cash flow, w/ estimated earnings north of $100,000, and none of the apartments are occupied w/ long-term tenants. But the best part of 861 Mead Avenue is its location, West Oakland—a neighborhood that’s close to everything, as reflected by its Walk Score of 90 & its Bike Score of 99. More importantly, West Oakland is in the midst of a transition thanks to intense capital investment from the local government (24 of the City of Oakland’s Major Projects are centered in the neighborhood) so the land upon which 861 Mead Avenue sits should become significantly more valuable.

Price History
9/30/2021 Listed $1,200,000

General Features

Age 98
Disclosures Nat Hazard Disclosure

Exterior Features

Lot Size Area 0.09
Lot Sq Ft Apx 4062

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 94607

Price
AVG $660K
$1.2M
Visits
AVG 36
10
Year Built
AVG 1965
1923
Walkscore
AVG 84
90
Data Provided by Walkscore ® not using MLS data

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