1530 1530 40th Ave, Oakland, California 94601, Oakland, 94601 - 3 bed, 3 bath
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Oakland, California 94601
This Multi-Unit Conversion Investment is listed at $569,950, currently valued against a $473,616 Fair Market Value. Despite the pricing premium, the property represents a unique Value-Add Asset due to its unpermitted expansion into a six-bedroom, four-bathroom layout with three separate entrances. With a Condition Rating of 5, the structure requires significant oversight but offers immense rental upside and dual street access from 40th Ave and Rosedale. Located near Top-Rated Schools including Lincoln Middle and Alameda High, this is an aggressive acquisition play for Seasoned Investors and Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1530 1530 40th Ave Subject | $524,950* List Price | 3 | 3 | 1,126 | $392 | - |
A 1540 37th Ave Sold | $400,000 | 2 | 1 | 1,120 | $357 | 0.2 mi |
B 3643 E 16th St Sold | $428,000 | 2 | 2 | 1,032 | $415 | 0.2 mi |
C 2129 Harrington Ave Sold | $479,000 | 2 | 2 | 1,164 | $412 | 0.6 mi |
D 4075 Mera St Sold | $391,728 | 2 | 1 | 1,133 | $346 | 0.3 mi |
E 4118 Agua Vista St Sold | $589,000 | 2 | 2 | 1,032 | $571 | 0.7 mi |
F 5145 Foothill Blvd Sold | $400,000 | 2 | 2 | 1,143 | $350 | 0.8 mi |
G 2918 Foothill Blvd Pending | $499,000 List Price | 3 | 1 | 1,132 | $441 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908, this property is marketed as an investment opportunity with significant red flags regarding its condition and legality. The attempt to fit six bedrooms, four bathrooms, and three kitchens into only 1,126 square feet suggests extreme functional obsolescence and likely unpermitted, substandard conversions. The listing's explicit warning for buyers to verify permit status and the age of the structure indicate that major systems (electrical, plumbing, and structural) likely require substantial repair or replacement to meet modern safety standards and building codes.
Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
With six bedrooms, four bathrooms, and three separate kitchen areas across three entrances, this property offers exceptional flexibility for multi-generational living or generating multiple streams of rental income.
The lot features rare access from both 40th Avenue and Rosedale, providing convenient parking and private entry points for different occupants within the fully fenced perimeter.
The additional living areas and kitchen conversions require buyer verification of permit status, posing a significant risk regarding legal occupancy and potential code enforcement issues.
The official record of 1,126 square feet for a six-bedroom layout suggests either very small room sizes or significant unrecorded additions, which may complicate traditional financing and appraisals.
Investment opportunity! The main home offers three bedrooms and two bathrooms. The property also includes additional converted living areas, bringing the total to six bedrooms, four bathrooms, and three kitchen areas. Featuring three separate entrances, the layout offers flexibility for multi-generational living or potential rental income. The home is fully fenced with parking and access from both 40th Avenue (front) and Rosedale (rear). Buyer to investigate and verify permit status, bedroom and bathroom count, and square footage of all living areas to their satisfaction.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 74% |
| Square foot | 1,126 | 1,327 | 32% |
| Lot Size | 3,850 | 4,375 | 34% |
| Price | $525.0K | $565.0K | 36% |
| Price per sq ft | $466 | $407 | 64% |
| Built year | 1908 | 1921 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 187 | 13% |
Mar 20, 2026
$524,950
$569,950
-8% Price Drop
Initial Listing
Feb 14, 2026
$569,950
Initial Listing
Feb 12, 2026
$569,950,000
Initial Listing
Nov 23, 2005
$470,000
Public Record