128 Catron Dr, Oakland, California 94603, Oakland, 94603 - bed, bath
128 Catron Dr
Oakland, California 94603
Property Price
SUMMARY
Analysis of 128 Catron Dr, Oakland, California 94603 is currently available with a list price of $849,999. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1965, this property has received some recent cosmetic updates like fresh paint and new laminate flooring, making it move-in ready. However, the kitchen features basic white appliances, laminate countertops, and dated white cabinets. The bathroom also shows an older style with a pedestal sink and sliding shower doors. Heating is provided by wall-mounted units, not central HVAC. While functional and well-maintained, the key areas of the kitchen and bathroom, along with the heating system, are outdated in style and features, aligning with the 'Fair' category where major components are functional but show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Financial Performance
The property boasts a high cap rate of 7.24% and a low Gross Rent Multiplier (GRM) of 8.98, indicating strong investment potential and efficient income generation.
- Recent Capital Improvements
Significant recent capital improvements have been made, leading to low maintenance costs and enhancing the property's appeal and tenant satisfaction.
- Immediate Vacancy for Flexibility
With two units delivered vacant, the property offers immediate flexibility for an owner-occupant to reduce housing costs or for an investor to place new tenants at market rates.
CONSRISKS & DEFICIENCIES
- Inconsistent School Ratings
Several nearby high schools have low ratings (1-3), which may be a deterrent for families with school-aged children considering the area.
- Potential for Airport-Related Nuisances
While proximity to Oakland Airport is a strength for access, it could also lead to potential noise pollution from aircraft and increased local traffic, impacting tenant comfort.
- Age of Structure
Built in 1965, the property is nearly 60 years old. Despite recent improvements, older structures can present long-term maintenance considerations and potential for unforeseen issues typical of properties of this vintage.
About 128 Catron Dr
Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1965
- Lot Size
- 5,879 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Madison Park Academy Tk-5
Grades K-5 • 0.2 mi
Brookfield Elementary School
Grades K-5 • 0.9 mi
Wilson Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,038 | - | 86% |
| Lot Size | 5,879 | 6,250 | 43% |
| Price | $850.0K | $775.0K | 71% |
| Price per sq ft | $280 | $0 | 71% |
| Built year | 1965 | 1955 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 137 | 14% |
Pricing History
Listed for Sale
Jan 16, 2026
$849,999
Initial Listing
Sold
Mar 22, 2024
$775,000
Public Record
Sold
Sep 9, 2016
$500,000
Public Record
Sold
Jul 29, 2015
$602,000
Public Record
Sold
May 18, 2010
$155,000
Public Record
Sold
Jan 3, 2007
$550,000
Public Record