1562 79th Avenue, Oakland, California 94621, Oakland, 94621 - 4 bed, 2 bath
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This property presents a High-Potential Investment Opportunity with a List Price of $469,000—positioned well below the $476,900 Fair Market Value by 1%. This valuation gap offers $7,900 in Instant Equity. Featuring a Fair Condition Rating and currently generating $3,700 in monthly Section 8 income, the asset provides immediate cash flow. With a Sewer Lateral Compliant status and a commuter-friendly location, this is a stable, value-add acquisition ideal for Buy-and-Hold Investors or Rental Property Managers seeking long-term portfolio growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1562 79th Avenue Subject | $469,000* List Price | 4 | 2 | 1,448 | $329 | - |
A 7601 Holly Street Sold | $577,000 | 4 | 1 | 1,692 | $341 | 0.2 mi |
B 1508 78th Avenue Sold | $565,000 | 3 | 2 | 1,359 | $416 | 0.1 mi |
C 1230 79th Ave Sold | $585,000 | 5 | 3 | 1,447 | $404 | 0.4 mi |
D 1769 87th Avenue Sold | $435,000 | 3 | 1 | 1,352 | $322 | 0.5 mi |
E 1441 88th Ave Sold | $410,000 | 2 | 1 | 1,192 | $344 | 0.5 mi |
F 7341 Lockwood St Active Under Contract | $399,999 List Price | 4 | 2 | 1,414 | $283 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this century-old property is described as needing 'TLC,' indicating dated interiors and likely aging systems. While it is functional and currently generates Section 8 rental income, the age and 'TLC' requirement suggest it needs minor repairs and cosmetic updates to meet modern standards.
The property generates a robust $3,700 monthly income through Section 8 with long-term tenants, offering an impressive gross yield for investors at the $469,000 price point.
The sewer lateral is already compliant, saving the buyer significant upfront costs and administrative hurdles typically required by Oakland municipal ordinances.
Ideally situated with easy freeway access and close proximity to public transportation, the property is well-positioned to maintain high tenant demand.
The property is noted as needing 'TLC,' indicating that immediate capital investment will be required for repairs and upgrades to reach its full potential.
Built in 1923, the home may feature aging systems and structural elements common in century-old properties that could require ongoing maintenance.
This property presents an excellent investment opportunity with strong income potential. Featuring 4 bedrooms and 2 bathrooms, the home currently generates $3,700 per month in Section 8 rental income and has long-term tenants in place. Ideally situated in a convenient location with easy freeway access and close proximity to transportation, this property offers both stability and upside potential. With a little TLC, it could be an outstanding addition to any investment portfolio. Sewer Lateral in Compliant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 88% |
| Baths | 2.0 | 1.0 | 60% |
| Square foot | 1,448 | 1,170 | 88% |
| Lot Size | 3,500 | 4,000 | 24% |
| Price | $469.0K | $510.0K | 36% |
| Price per sq ft | $324 | $436 | 16% |
| Built year | 1923 | 1925 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 190 | 2% |
May 21, 2026
$469,000
Initial Listing
May 19, 2026
$469,000,000
Initial Listing
Mar 20, 2019
$460,000
Public Record
Jun 15, 2012
$766,000
Public Record