1127 Linden St · Oakland, CA 94607

$899,000

8 bd · 4.0 ba · 3,240 sqft · MultiFamily public records · 66 Days on market

Built 1965 3,240 sqft lot $277/sqft · 10% above area Est $963k · 7% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.5/30.0
• ARV discount +10.5/15.0
• DSCR +8.5/10.0
• 1% rule +5.7/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

1127 Linden Street is a 3,240 SF Residential Income property located in the desirable West Oakland Corridor. The Property consists of four spacious 2-bedroom units, offering a favorable unit mix compared to much of the surrounding 1-bedroom inventory. This configuration provides an opportunity for investors seeking income potential or owner-occupants interested in supplemental rental income. Conveniently located near major transportation, shopping, and commuter routes.

Key facts

• Income potential
• Major transportation
• Commuter routes

Tags

• RESIDENTIAL INCOME PROPERTY
• FOUR SPACIOUS UNITS
• INCOME POTENTIAL
• SUPPLEMENTAL RENTAL INCOME
• MAJOR TRANSPORTATION
• COMMUTER ROUTES

What this means for you Summary

Snapshot

• This is a 8-bed/4.0-bath multifamily listed at $899k.

Deal economics

• At list price, monthly cash flow is $2k ($25k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($10k rent vs $899k).
• Recommended offer: $845k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 2.4% in Oakland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#224 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: schools C-, crime F, cost of living F.
• Oakland Unified (urban): math 27% / reading 33% proficiency, ranked #1,007 of 1,400 in CA (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.2%/yr); 133 active listings in the ZIP; solid renter incomes; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).
• At $9,644/mo this rent would consume 122% of the median local household income ($95k/yr) (locally 2002% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $27k of value loss. Plan a longer hold.
• Alameda County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($845k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $715k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $845,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 9.11%
• Cash-on-cash: 10.05%
• DSCR: 1.45
• GRM: 7.8

CMA / ARV

• ARV (median comp): $962,941
• List price: $899,000
• Delta: -6.64%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
769 17th St	0.41mi	8/4.0	2,979 (-8%)	1mo	$810,000	$272	66
1019 - 1023 Chester St	0.57mi	8/4.0	3,013 (-7%)	20mo	$936,000	$311	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.24% rent growth · sell at horizon

5-year hold

• IRR: -1.0%
• Equity multiple: 0.96×
• Total profit: $-9,338
• Equity at exit: $134,044

10-year hold

• IRR: 8.9%
• Equity multiple: 1.69×
• Total profit: $173,252
• Equity at exit: $77,729

Cash invested: $251,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Oakland: 0 Strongly Tenant-Friendly · D+62

Rent Adjustment Program + Just Cause.

Methodology + full state rankings →

ZIP-level market 94607

• Rents YoY: 3.2%
• Active inventory: 133
• Price-to-rent: 31.1×

Monthly cashflow live

• Estimated rent: $9,644 high
• Mortgage (P&I): −$4,714
• Tax from tax record: −$421 /mo · $5,055/yr
• Insurance: −$375
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,025
• Net cashflow: $2,108

Break-even live

Break-even rent $6,975

Max offer price $899,000

Occupancy floor 73%

Sensitivity live

Price	-10% $2,617	-5% $2,363	+0% $2,108	+5% $1,854	+10% $1,600
Rent	-10% $1,347	-5% $1,728	+0% $2,108	+5% $2,489	+10% $2,870
Rate	-1.0pp $2,561	-0.5pp $2,337	base $2,108	+0.5pp $1,876	+1.0pp $1,639

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$9,644
Total (4 units)			$9,644

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $224,750
• Closing costs: $26,970
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $899,000 Active 66 DOM
2. 2026-06-17
   days on market $899,000 Active 65 DOM
3. 2026-06-16
   days on market $899,000 Active 64 DOM
4. 2026-06-15
   days on market $899,000 Active 63 DOM
5. 2026-06-13
   days on market $899,000 Active 61 DOM
6. 2026-06-13
   days on market $899,000 Active 60 DOM
7. 2026-06-09
   days on market $899,000 Active 57 DOM
8. 2026-06-08
   days on market $899,000 Active 56 DOM
9. 2026-06-07
   days on market $899,000 Active 55 DOM
10. 2026-06-04
    days on market $899,000 Active 52 DOM
11. 2026-06-03
    days on market $899,000 Active 51 DOM
12. 2026-06-02
    days on market $899,000 Active 50 DOM
13. 2026-06-01
    days on market $899,000 Active 49 DOM
14. 2026-05-31
    days on market $899,000 Active 48 DOM
15. 2026-04-13
    listed $899,000 Active 473-char remark

    Show marketing remark (473 chars)

    1127 Linden Street is a 3,240 SF Residential Income property located in the desirable West Oakland Corridor. The Property consists of four spacious 2-bedroom units, offering a favorable unit mix compared to much of the surrounding 1-bedroom inventory. This configuration provides an opportunity for investors seeking income potential or owner-occupants interested in supplemental rental income. Conveniently located near major transportation, shopping, and commuter routes.

16. 2025-05-01
    soldstatus $715,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $5,055 · $421/mo
• Projected year-2 tax: $6,832 · $569/mo
• Expected delta: +$1,777/yr (+$148/mo · 35.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥82°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 16 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $115,728
• − Mortgage interest: −$50,358
• − Property taxes: −$5,055
• − Insurance: −$4,495
• − Repairs & maintenance: −$9,258
• − Management: −$9,258
• − Depreciation: −$26,153
• Taxable income: $11,151
• Est. tax owed @ 24.0%: −$2,676
• After-tax cash flow: $22,626/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Oakland Unified
• NCES district ID: 0628050
• Math proficiency: 27% ▬ 0.00%
• Reading proficiency: 33% ▬ 0.00%
• Median HH income: $55,194
• Composite: 29.52/100
• National rank: #11769
• State rank: #1007 of 1400 in CA

Livability — Oakland

• Score: 71/100
• State rank: #224
• US rank: #7245

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oakland, CA
• County: Alameda County · 1,614,355 people
• City population: 385,993
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 28,804
• Household income: $94,863
• Rent vs Own: 69.9% rent · 30.1% own
• Severe rent burden: 2002.0

Population outlook (Alameda County) Hauer SSP2

• Today (2025): 1,928,884 people
• By 2030: 2,069,146 · +7.3%
• By 2040: 2,338,405 · +21.2%
• By 2050: 2,586,608 · +34.1%
• By 2075: 3,061,911 · +58.7%
• By 2100: 3,234,133 · +67.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.78)
• Race & ethnicity: Black 29% White 25% Asian 25% Hispanic / Latino 13% Two or more races 10%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Lithuanian 1% Romanian 1% Portuguese 1%
• Foreign-born: 28% · China, Canada, Vietnam
• Languages at home: 65% English-only · Chinese 16% Spanish 8% Arabic 2%

Political lean MEDSL · Alameda

• 2024 margin: Solid D (+53.6) · D 74.6% · R 21.0% · Other 4.4%
• 2008→2024 swing: -5.9pp toward R · 2008: 59.5pp · 2024: 53.6pp
• All cycles: 2024: D+53.6 2020: D+62.5 2016: D+64.4 2012: D+59.8 2008: D+59.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -170.49%
• Current HPI: 263.5885
• Rent YoY: ▲ 3.24%
• Metro: San Francisco-Oakland-Berkeley, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+25.7% since first listed

2 events — show timeline

• 2026-04-13 Listed $899,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-05-01 Sold (Public Records) $715,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $5,055 · +6.1% YoY. Source: county tax records.