1439 7th Ave, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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Oakland, California 94606
This Residential Income Quadruplex is a stable asset, with a List Price of $695,000 positioned fairly at its $687,768 Fair Market Value. Following a significant price reduction, the property features four 1BD/1BA units and is fully tenant-occupied, offering immediate rental income near Lake Merritt. Despite a Poor Condition Rating requiring system updates, the cement slab foundation and proximity to the 9/10 rated Crocker Highlands Elementary School provide strong fundamentals. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio-Builders seeking a multi-unit asset in a high-demand Oakland submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1439 7th Ave Subject | $695,000* List Price | 0 | 0 | 2,626 | $262 | - |
A 1148 E 15th St Sold | $670,000 | 0 | 0 | 0 | 0.3 mi | |
B 2232 11th Ave Sold | $680,000 | 0 | 0 | 0 | 0.6 mi | |
C 2737 12th Avenue Active | $899,000 List Price | 0 | 0 | 2,729 | $329 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951, this property is over 70 years old. The listing explicitly states that major systems (electrical, plumbing, heating) 'may be original or require significant updates.' With no interior images or mention of recent renovations, it's highly probable that the kitchens, bathrooms, and other interior components are severely outdated and require substantial repairs and rehabilitation to meet modern safety, functionality, and aesthetic standards. While the exterior appears maintained and the foundation is solid, the lack of interior updates for such an old property points to a 'Poor' condition for the living spaces.
Elementary School: Crocker Highlands Elementary School (9/10).
This fourplex is fully tenant-occupied with long-term, dependable renters, offering immediate and stable rental income for investors.
Situated in a highly desirable Oakland area, minutes from Lake Merritt, Lakeside Park, Grand Lake shopping district, Downtown, Chinatown, and West Oakland BART Station, providing excellent access to amenities and transit.
The instruction 'Please do not disturb tenants. Offer subject to inspection' restricts initial access and thorough evaluation, which may deter some buyers from making an offer.
Built in 1951, the property's age suggests that major systems (e.g., electrical, plumbing, heating) may be original or require significant updates in the near future, despite the solid foundation.
The property description does not specify dedicated parking for four units, which can be a significant challenge and potential detractor for tenants and property value in a dense urban environment.
Incredible investment opportunity near Lake Merritt and Lakeside Park! This solid fourplex features four spacious 1BD/1BA units, each with its own living room. Fully tenant-occupied with long-term, dependable renters—ideal for investors seeking stable rental income in a high-demand area. The building sits on a cement slab foundation, minimizing maintenance concerns like dry rot. Tenants enjoy a generously sized backyard with mature fruit trees. Located just minutes from Grand Lake Theatre, Grand Lake shopping district, Downtown Oakland, Chinatown, and West Oakland BART Station—offering convenient access to transit, dining, and entertainment. Whether you're looking to expand your portfolio or secure a foothold in one of Oakland’s most desirable locations, this is a rare chance to own a turn-key income property in the heart of the city. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,626 | 2,530.5 | 50% |
| Lot Size | 4,331 | 4,790.5 | 50% |
| Price | $695.0K | $715.0K | 50% |
| Price per sq ft | $265 | $281 | 20% |
| Built year | 1951 | 1924 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 268 | 237 | 80% |
Jan 31, 2026
$695,000
$785,000
-11% Price Drop
Initial Listing
Jul 28, 2025
$785,000
Initial Listing
Aug 11, 1999
$62,000
Public Record