1467 74th Ave, Oakland, California 94621, Oakland, 94621 - bed, bath
ACTIVE$500,000/sqft
1467 74th Ave, Oakland, California 94621
0Bed
0Bath
Sqft
10,700Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: The property is a four-unit multifamily building (three 2-bedroom, one studio), providing multiple income streams and a strong foundation for a residential income investment.
Top Cons:
Age of Property: Built in 1924, the property is nearly a century old, suggesting potential for outdated infrastructure, systems (plumbing, electrical), and higher ongoing maintenance costs.
Compared to the nearby listings
Price:$500.0K vs avg $547.5K ($-47,500)33%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924, this property is nearly a century old. The MLS description explicitly highlights 'outdated infrastructure, systems (plumbing, electrical)' and a 'potential for significant capital expenditure' for 'modernization, system upgrades, and addressing deferred maintenance.' The exterior image reinforces this, showing a neglected appearance with faded paint, a cracked driveway, and unkempt landscaping. Without interior photos, the age and description strongly indicate that kitchens, bathrooms, and other interior components are severely outdated and require substantial repairs and rehabilitation to meet current standards and attract tenants.
Year Built
1924
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41120775
Home ConditionPoor
Features
View-
About this home
1467 74th Avenue offers a strategic opportunity to acquire a four-unit multifamily property with steady rental demand. Currently, two units are vacant. Built in 1924, the property includes three 2 bedroom units and one studio unit totaling approximately 3,121 square feet and is positioned on a generous 10,700-square-foot lot. Off-street parking enhances tenant appeal and operational flexibility. Located in a transit-connected Oakland location near Coliseum BART and the 880 corridor, the property presents easy access for commuting.
N
Nolan Jones
Listing Agent
Price History
Date
Event
Price
11/20/08
Sold
$170,000
Condition Rating
Poor
Built in 1924, this property is nearly a century old. The MLS description explicitly highlights 'outdated infrastructure, systems (plumbing, electrical)' and a 'potential for significant capital expenditure' for 'modernization, system upgrades, and addressing deferred maintenance.' The exterior image reinforces this, showing a neglected appearance with faded paint, a cracked driveway, and unkempt landscaping. Without interior photos, the age and description strongly indicate that kitchens, bathrooms, and other interior components are severely outdated and require substantial repairs and rehabilitation to meet current standards and attract tenants.
Pros & Cons
Pros
Income-Generating Quadruplex: The property is a four-unit multifamily building (three 2-bedroom, one studio), providing multiple income streams and a strong foundation for a residential income investment.
Strategic Transit-Oriented Location: Located near Coliseum BART and the 880 corridor, offering excellent transit connectivity and easy commuting access, which is highly attractive to tenants.
Value-Add Opportunity (Vacant Units): With two units currently vacant, a new owner has an immediate opportunity to renovate, update, and re-tenant at market rates to maximize rental income and property value.
Generous Lot Size: Positioned on a substantial 10,700-square-foot lot, offering potential for future expansion, additional amenities, or landscaping enhancements (subject to zoning).
Off-Street Parking: The availability of off-street parking significantly enhances tenant appeal and provides operational flexibility, a valuable asset in urban settings.
Cons
Age of Property: Built in 1924, the property is nearly a century old, suggesting potential for outdated infrastructure, systems (plumbing, electrical), and higher ongoing maintenance costs.
Current Income Gap: Two of the four units are currently vacant, resulting in an immediate loss of potential rental income and requiring active management and investment to re-tenant.
Potential for Significant Capital Expenditure: Given its age, the property may require substantial capital investment for modernization, system upgrades, and addressing deferred maintenance to attract premium tenants and maximize its full income potential.