1374 E 32nd Street, Oakland, California 94602, Oakland, 94602 - 0 bed, 0 bath
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Oakland, California 94602
This Fully Occupied 5-Unit Income Asset represents a Strong Value Opportunity, listed at $775,000—positioned well below the $849,138 Fair Market Value by 8%. This valuation gap provides $74,138 in Instant Equity for the incoming owner. Boasting a Well-Maintained Condition Rating, the property features a 2010 foundation replacement, full electrical upgrades, and select units with ridge and water views. Located in Oakland's desirable Highland neighborhood, this turnkey building offers immediate cash flow and significant capital improvements. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1374 E 32nd Street Subject | $775,000* List Price | 0 | 0 | 2,932 | $290 | - |
A 2550 Pleasant St Active | $749,000 List Price | 0 | 0 | 2,551 | $294 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1900, the property underwent significant capital improvements including a foundation replacement and full electrical upgrade in 2010. Interior images show modern renovations in units with updated kitchens, subway tile backsplashes, and hardwood flooring, fitting the 5-15 year renovation window for a well-maintained, move-in ready rating.
The property features a replaced foundation (2010) and a full electrical upgrade, addressing the two most costly concerns for a building of this vintage.
As a fully occupied 5-unit building in the desirable Highland Park neighborhood, the property offers immediate cash flow and a turnkey investment opportunity.
The 1900s structure retains classic charm with a stunning front garden and shared patio, while select upstairs units offer desirable ridge or water views.
The building is fully occupied, which may present legal and logistical challenges for buyers intending to occupy a unit due to Oakland's strict tenant protections.
Despite major upgrades, a century-old wood-frame building typically requires higher ongoing maintenance reserves for plumbing, roofing, and insulation compared to modern builds.
This is a 5 unit building. Open house Sunday 4/19 from 1:00 - 2:00. A beautiful, well-maintained 5-unit property in Oakland's desirable Highland neighborhood, featuring a stunning front garden and classic architectural character. This fully occupied building has seen significant capital improvements, including a full electrical upgrade, and a foundation replacement in 2010. Two units feature updated kitchens and bathrooms. Select upstairs units enjoy views of either the ridge or the water. Tenants enjoy coin-operated laundry in the basement and a shared back patio, a wonderful place to call home. Please do not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,932 | 1,865 | 67% |
| Lot Size | 5,000 | 4,700 | 50% |
| Price | $775.0K | $766.8K | 50% |
| Price per sq ft | $264 | $330 | 33% |
| Built year | 1900 | 1934 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 189 | 17% |
Apr 14, 2026
$775,000
Initial Listing
Jul 19, 2013
$375,000
Public Record