348-352 Jayne · Oakland, CA 94610

$699,000

12 bd · 15.0 ba · 2,884 sqft · MultiFamily · 76 Days on market

Built 1919 Fair condition 6,500 sqft lot $242/sqft · 39% below area Est $1155k · 39% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• Schools +3.0/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 3 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

348-352 Jayne Avenue presents a well-located multifamily investment opportunity in Oakland's highly desirable Adams Point neighborhood, known for strong rental demand and proximity to key lifestyle amenities. Just moments from Lake Merritt, the property offers easy access to outdoor recreation, dining, retail (including Whole Foods), Interstate 580, and Downtown Oakland (approximately 1.5 miles away). The property consists of a two-story, five-unit apartment building totaling approximately 2,884 square feet on a 0.15-acre lot. The unit mix includes four one-bedroom/one-bathroom units and one studio, appealing to a broad tenant base. A standout feature is one vacant unit, providing immediate upside for renovation and lease at market rents, allowing for day-one income growth. Additional income potential comes from a detached rear garage (ideal for parking or storage) and an on-site basement laundry area with one washer and dryer. With its prime location, in-place income, and value-add potential, 348-352 Jayne Avenue offers investors a compelling opportunity for stable cash flow and long-term appreciation in one of Oakland's most sought-after neighborhoods.

Key facts

• Detached rear garage
• 6,500 sq ft lot
• Garage

Tags

• ADAMS POINT NEIGHBORHOOD
• DETACHED REAR GARAGE
• ON-SITE BASEMENT LAUNDRY AREA

🏷️ Possibly a rental listed for sale. The $699,000 price doesn't fit this home's estimated sale value (~$1,154,609) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3 × 4-bed/?-bath units multifamily listed at $699k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $3k ($42k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($11k rent vs $699k).
• Recommended offer: $657k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.3% 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 (+3.3%/yr); 107 active listings in the ZIP; high-income renter base; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).
• At $10,512/mo this rent would consume 94% of the median local household income ($135k/yr) (locally 1614% 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 $5k of loan paydown is wiped out by about $21k 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.
• At projected returns (-3.0% appreciation + 3.3% rent growth), your $196k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($657k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $657,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1919 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 1.50% ✓
• Cap rate: 12.26%
• Cash-on-cash: 21.30%
• DSCR: 1.95
• GRM: 5.5

CMA / ARV

• ARV (median comp): $1,154,609
• List price: $699,000
• Delta: -39.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
337-341 Oakland Ave	0.24mi	11/6.0 (-1)	3,202 (+11%)	12mo	$1,200,000	$375	41

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 · 3.34% rent growth · sell at horizon

5-year hold

• IRR: 14.2%
• Equity multiple: 1.57×
• Total profit: $111,750
• Equity at exit: $104,223

10-year hold

• IRR: 23.2%
• Equity multiple: 3.03×
• Total profit: $397,760
• Equity at exit: $60,437

Cash invested: $195,720 (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 94610

• Rents YoY: 3.3%
• Active inventory: 107
• Price-to-rent: 16.6×

Monthly cashflow live

• Estimated rent: $10,512 high
• Mortgage (P&I): −$3,666
• Tax est. 1.5%: −$874 /mo · $10,485/yr
• Insurance: −$291
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,208
• Net cashflow: $3,474

Break-even live

Break-even rent $6,115

Max offer price $699,000

Occupancy floor 62%

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

Units	Beds	Baths	Est. rent
▸ 3× units	4	—	$10,512
Total (3 units)			$10,512

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: $174,750
• Closing costs: $20,970
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $699,000 Active 76 DOM
2. 2026-06-17
   days on market $699,000 Active 75 DOM
3. 2026-06-16
   days on market $699,000 Active 74 DOM
4. 2026-06-15
   days on market $699,000 Active 73 DOM
5. 2026-06-13
   days on market $699,000 Active 71 DOM
6. 2026-06-13
   days on market $699,000 Active 70 DOM
7. 2026-06-09
   days on market $699,000 Active 67 DOM
8. 2026-06-08
   days on market $699,000 Active 66 DOM
9. 2026-06-07
   days on market $699,000 Active 65 DOM
10. 2026-06-04
    days on market $699,000 Active 62 DOM
11. 2026-06-03
    days on market $699,000 Active 61 DOM
12. 2026-06-02
    days on market $699,000 Active 60 DOM
13. 2026-06-01
    days on market $699,000 Active 59 DOM
14. 2026-05-31
    days on market $699,000 Active 58 DOM
15. 2026-04-04
    listed $699,000 Active 1172-char remark

    Show marketing remark (1172 chars)

    348-352 Jayne Avenue presents a well-located multifamily investment opportunity in Oakland's highly desirable Adams Point neighborhood, known for strong rental demand and proximity to key lifestyle amenities. Just moments from Lake Merritt, the property offers easy access to outdoor recreation, dining, retail (including Whole Foods), Interstate 580, and Downtown Oakland (approximately 1.5 miles away). The property consists of a two-story, five-unit apartment building totaling approximately 2,884 square feet on a 0.15-acre lot. The unit mix includes four one-bedroom/one-bathroom units and one studio, appealing to a broad tenant base. A standout feature is one vacant unit, providing immediate upside for renovation and lease at market rents, allowing for day-one income growth. Additional income potential comes from a detached rear garage (ideal for parking or storage) and an on-site basement laundry area with one washer and dryer. With its prime location, in-place income, and value-add potential, 348-352 Jayne Avenue offers investors a compelling opportunity for stable cash flow and long-term appreciation in one of Oakland's most sought-after neighborhoods.

16. 2026-04-04
    listed $699,000 Active 1172-char remark

    Show marketing remark (1172 chars)

    348-352 Jayne Avenue presents a well-located multifamily investment opportunity in Oakland's highly desirable Adams Point neighborhood, known for strong rental demand and proximity to key lifestyle amenities. Just moments from Lake Merritt, the property offers easy access to outdoor recreation, dining, retail (including Whole Foods), Interstate 580, and Downtown Oakland (approximately 1.5 miles away). The property consists of a two-story, five-unit apartment building totaling approximately 2,884 square feet on a 0.15-acre lot. The unit mix includes four one-bedroom/one-bathroom units and one studio, appealing to a broad tenant base. A standout feature is one vacant unit, providing immediate upside for renovation and lease at market rents, allowing for day-one income growth. Additional income potential comes from a detached rear garage (ideal for parking or storage) and an on-site basement laundry area with one washer and dryer. With its prime location, in-place income, and value-add potential, 348-352 Jayne Avenue offers investors a compelling opportunity for stable cash flow and long-term appreciation in one of Oakland's most sought-after neighborhoods.

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

Taxation est. · year 1

• Rental income: $126,144
• − Mortgage interest: −$39,155
• − Property taxes: −$10,485
• − Insurance: −$3,495
• − Repairs & maintenance: −$10,092
• − Management: −$10,092
• − Depreciation: −$20,335
• Taxable income: $32,492
• Est. tax owed @ 24.0%: −$7,798
• After-tax cash flow: $33,888/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

The property requires moderate renovations to improve its condition and value. Upgrading the interior, exterior, and landscaping can significantly enhance its appeal.

Repairs flagged

• Moderate Exterior siding — Weathered and in need of replacement
• Moderate Roof — Aged and may need repair or replacement
• Major Flooring — Worn carpet in living areas
• Moderate Paint — Faded paint on interior walls
• Moderate Bathroom fixtures — Dated fixtures
• Moderate Kitchen cabinets and appliances — Dated appearance

Value-add opportunities

• Both Painting and updating interior walls — Fresh paint can improve the home's appearance and value
• Both Upgrading kitchen cabinets and appliances — Modern kitchen can attract more tenants and buyers
• Both Replacing worn flooring — New flooring can enhance the home's appeal and value
• Both Landscaping and curb appeal improvements — A well-maintained exterior can attract more tenants and buyers

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exterior siding · Weathered and in need of replacement	Moderate	$3,000–15,000
Roof · Aged and may need repair or replacement	Moderate	$3,000–15,000
Flooring · Worn carpet in living areas	Major	$15,000–50,000
Paint · Faded paint on interior walls	Moderate	$3,000–15,000
Bathroom fixtures · Dated fixtures	Moderate	$3,000–15,000
Kitchen cabinets and appliances · Dated appearance	Moderate	$3,000–15,000
Total estimated repair cost · 6 items		$30,000–125,000

Value-add ROI direction

• Both Painting and updating interior walls — Fresh paint can improve the home's appearance and value ↑
• Both Upgrading kitchen cabinets and appliances — Modern kitchen can attract more tenants and buyers ↑
• Both Replacing worn flooring — New flooring can enhance the home's appeal and value ↑
• Both Landscaping and curb appeal improvements — A well-maintained exterior can attract more tenants and buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 32,628
• Household income: $134,507
• Rent vs Own: 62.0% rent · 38.0% own
• Severe rent burden: 1614.0

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: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 50% Asian 17% Black 13% Two or more races 13% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 3% Lithuanian 3% Scotch-Irish 2%
• Foreign-born: 18% · China, Canada, Vietnam
• Languages at home: 77% English-only · Spanish 7% Chinese 4% Other Asian/Pacific 3%

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: ▼ -1222.50%
• Current HPI: 290.482
• Rent YoY: ▲ 3.34%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-04-04 Listed $699,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-04-04 Listed $699,000 MLSListings