1518 7th Ave, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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This property presents a High-Potential Investment Opportunity with a List Price of $429,000—positioned well below the $359,600 Fair Market Value by -19%. While the property is currently priced above the estimated market value, its status as a Residential Income Duplex offers significant potential for dual rental streams. With a Condition Rating of 6, the structure requires capital improvements, making it a strategic asset for Buy-and-Hold Investors or Contractors. Its proximity to Downtown Oakland and major transit corridors ensures long-term demand for this value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1518 7th Ave Subject | $429,000* List Price | 0 | 0 | 1,364 | $264 | - |
A 950 Loomis Ct Active | $525,000 List Price | 0 | 0 | 1,694 | $310 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1895 (>50 years old) with no documented interior or system renovations. The description focuses on 'investors' and 'future potential' rather than current livability, and the significant price drop from its 2022 sale suggests the structure may be unlivable or valued primarily for the land.
Elementary School: Crocker Highlands Elementary School (9/10).
The property is ideally situated near Downtown Oakland, Lake Merritt, and Adams Point, offering excellent access to urban amenities and major freeways for easy commuting.
Listed at a competitive price point significantly below its previous sale history, this duplex presents a substantial value-add opportunity for investors looking to capitalize on the Oakland rental market.
Built in 1895, the property likely requires extensive modernization of its core systems; the drastic price adjustment suggests significant deferred maintenance or the need for major capital improvements.
While some nearby elementary schools perform well, the local middle and high schools have lower ratings, which may impact the property's appeal to long-term family tenants.
Location! Location! Close to Downtown Oakland/Lake Merritt/Adams point/and major freeways. Freshly painted outside. Great for Investor looking towards the future and what the area has to offer.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 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 | 1,364 | 2,143 | 29% |
| Lot Size | 3,815 | 4,282 | 43% |
| Price | $429.0K | $965.0K | 14% |
| Price per sq ft | $315 | $315 | 50% |
| Built year | 1895 | 1916 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 198 | 14% |
May 27, 2026
$429,000
Initial Listing
Jul 14, 2022
$969,000
Public Record