
Oakland, California 94606
This High-Potential Investment Opportunity is a Quadruplex listed at $500,000—positioned well above the $467,571 Fair Market Value by 6%. While the property lacks an equity gap, it offers immediate stability as a fully occupied income-producing asset with long-term tenants. Featuring a cement slab foundation and a spacious backyard with fruit trees, the property requires a strategic renovation plan to address its Condition Rating of 5. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a high-demand rental location near Lake Merritt.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1439 7th Ave Subject | $500,000* List Price | 0 | 0 | 2,626 | $178 | - |
A 2141 14 Sold | $520,000 | 0 | 0 | 3,136 | $166 | 0.7 mi |
B 617 619 Cleveland Sold | $625,000 | 0 | 0 | 0 | 0.8 mi | |
C 1737 13th Ave Pending | $397,500 List Price | 0 | 0 | 2,743 | $145 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 (73 years old) with no mention of recent renovations to kitchens, baths, or major systems. The exterior shows significant aging, including a weathered roof and worn garage doors. The listing's focus on 'upside' and 'investor opportunity' for a fully occupied building typically indicates deferred maintenance and dated interiors requiring a full rehab.
Elementary School: Crocker Highlands Elementary School (9/10).
Ideally situated near Lake Merritt, the Grand Lake shopping district, and major transit hubs like BART, ensuring high rental demand and long-term appreciation potential.
The property is fully occupied by long-term tenants, providing a stable and established rental income stream from the first day of ownership.
The building consists exclusively of 1-bedroom, 1-bathroom units, which may restrict the tenant pool and limit the ability to capture higher rents from larger families.
The 'do not disturb tenants' requirement and 'offer subject to inspection' clause limit a buyer's ability to perform comprehensive interior due diligence prior to entering a contract.
OAKLAND FOURPLEX NEAR LAKE MERRITT** **Investors, take notice!** An exceptional opportunity to acquire a fully occupied fourplex in a highly desirable Oakland location near **Lake Merritt and Lakeside Park, make offers:https://bit.ly/7thave1439, this income-producing property presents an exciting opportunity for investors looking to expand their portfolio and secure a multifamily asset in a high-demand rental market. The property features **four spacious 1-bedroom, 1-bathroom units**, each with its own comfortable living room. All four units are currently occupied by **long-term tenants**, providing an established rental-income stream from day one. Built on a **cement slab foundation**, the property offers the added benefit of reduced exposure to certain maintenance concerns commonly associated with raised foundations, including dry rot. Residents also enjoy a **generously sized backyard with mature fruit trees**, creating an attractive outdoor amenity rarely found with comparable multifamily properties. **LOCATION, INCOME & POTENTIAL FOR UPSIDE** Positioned near some of Oakland's most popular destinations, the property offers convenient access to **Lake Merritt, Lakeside Park, Grand Lake Theatre, the Grand Lake shopping district, Downtown Oakland, Chinatown, and West Oakland BART**. Dining, shopping, entertainment, employment centers, and regional transportation are all within convenient reach. Whether you're a seasoned multifamily investor, expanding your rental portfolio, or seeking an opportunity to establish a presence in one of Oakland's sought-after locations, **this fourplex deserves your attention**. **Four units. Established tenants. Prime Oakland location. ** Don't miss the opportunity to compete for this income-producing multifamily property. **Please do not disturb tenants. Offer subject to inspection.**
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,626 | 2,530.25 |
| Lot Size | 4,331 | 4,390.625 |
| Price | $500.0K | $918.2K |
| Price per sq ft | $190 | $343 |
| Built year | 1951 | 1921 |
| HOA | $0 | $0 |
| Days on market | 26 | 66 |
Aug 23, 2026
$500,000
$100,000
+400% Price Increase
Initial Listing
Aug 14, 2026
$100,000
Initial Listing
Aug 11, 1999
$62,000
Public Record