Listing photoOakland, CA 94607 · MLS 426165496
"The home has sustained extensive fire and smoke damage, primarily concentrated on the lower level, and a comprehensive rehabilitation..."
881 21st St is a 3-bedroom, 1-bath home in Oakland, California listed at $459,900 with 1,232 square feet, built in 1891. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($45,990), we fund the $135,520 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. Opportunity to Restore a Classic Oakland Home to Its Former Glory. 881 21st Street presents an exciting opportunity for an investor, contractor, or experienced renovator to restore a character-filled Oakland residence and bring it back to its glory days. The home retains attractive architectural character, including high ceilings, substantial trim and moldings, hardwood flooring, and spacious living areas. Portions of the main living level, including the kitchen and bedrooms, remain comparatively intact and provide a glimpse of the property's potential once fully rehabilitated. The property has sustained extensive fire and smoke damage, primarily concentrated on the lower level. A comprehensive rehabilitation will be required, and buyers should independently investigate the condition of the structure, electrical, plumbing, mechanical systems, and other fire-affected components. With the right vision and investment, this property offers the opportunity to restore its original charm while incorporating modern improvements. The existing character and remaining interior features provide a strong foundation for a thoughtful renovation.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | Yes |
| Buyer down payment | $45,990 (10%) | $160,965 (35%) |
| Loan at closing | $413,910 | $298,935 |
| Full renovation, rough estimate* | We fund $135,520 | Buyer pays $135,520 |
| Total loan | $549,430 | $298,935 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($8,241) | 1.5 ($4,484) |
| Appraisal | Required | None |
| Estimated monthly interest | $4,235 at full draw | $2,616 |
| Cash to close, rough estimate | $58,621 | $165,449 |
Rough estimates at the list price of $459,900 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
More hard money deals in Oakland All California opportunities Hard money lender in California Fix and flip loans Every live opportunity
Investor special"INVESTOR SPECIAL!!!!!"
Investor special"Great opportunity for owner/investor. Live in one unit and rent out the other. Cosmetic fixer close to everything."
Investor special"This is a perfect opportunity for an investor/end-user to remodel/renovate!"
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