
Oakland, California 94621
This Strong Value Opportunity is a 4-unit Residential Income Asset listed at $1,100,000—positioned well below the $1,174,268 Fair Market Value by 6%. This valuation gap offers $74,268 in Instant Equity. Featuring a Mint Condition Rating with remodeled 3bd/2bth units and separate metering, the property provides immediate, turn-key cash flow. With no deferred maintenance and high rental demand, this is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a stable, high-performing asset in a rapidly improving market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1317 83rd Ave Subject 0 bd · 0 ba · 4,941 sqft · $238 | $1,100,000* List Price | 0 | 0 | 4,941 | $238 | - |
A 7448 Lockwood St Active 0 bd · 0 ba · 3,560 sqft · $253 · 0.5 mi | $899,000 List Price | 0 | 0 | 3,560 | $253 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1925, the property has undergone a comprehensive renovation within the last 5 years. The interiors feature modern kitchens with stainless steel appliances and stone countertops, updated bathrooms, new wood flooring, and double-pane windows. The systems are updated with separate metering for gas and electric, and the listing confirms no deferred maintenance, qualifying it as a mint-condition, turn-key investment.
The property features four spacious 3-bedroom, 2-bathroom units, a rare and highly desirable configuration that attracts long-term family tenants and commands premium rental rates.
Extensively remodeled with updated kitchens, bathrooms, and flooring, the building has no deferred maintenance, allowing for immediate cash flow without the need for initial capital improvements.
Separate metering for gas and electricity ensures low annual operating expenses for the owner, while the two-building layout and dedicated parking enhance tenant privacy and retention.
Located in East Oakland, the property may be subject to higher perceived neighborhood risk, which can impact long-term appreciation rates and management intensity.
As a fully occupied residential income property in Oakland, the investment is subject to strict local rent control ordinances, potentially limiting immediate upside in rental income.
Extra large 4-unit investment offering two separate buildings providing maximum space and cash flow. The property was originally built in 1925, offers approximately 4,941 square feet of rental space, and is spread across a 4,941 square foot lot with room for parking for all the tenants. The building is 100% occupied and the unit mix is ideal featuring four 3bd/2bth units. The units have been remodeled and offer newer kitchens and bathrooms, custom lighting and tile, wood floors, double pane windows, newer paint, and more. The building is easy to manage and separately metered for electric and gas providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a perfect opportunity for an investor to acquire a high cash flowing property in a rapidly improving neighborhood with excellent long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,941 | 2,403.227 |
| Lot Size | 8,378 | 4,461.364 |
| Price | $1.10M | $900.8K |
| Price per sq ft | $223 | $343 |
| Built year | 1925 | 1919 |
| HOA | $0 | $0 |
| Days on market | 21 | 67 |
Oct 3, 2026
$1,100,000
Initial Listing
Oct 2, 2013
$580,000
Public Record
Mar 27, 2012
$418,000
Public Record
Oct 22, 1999
$315,000
Public Record