1602 103rd Ave, Oakland, California 94603, Oakland, 94603 - 4 bed, 4 bath
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Oakland, California 94603
This four-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $501,475 Fair Market Value by 0.5%. This valuation gap offers $2,475 in Instant Equity. With a Condition Rating of 5, the property requires capital improvements to modernize its 1940s infrastructure. The presence of one vacant unit provides immediate value-add potential for repositioning. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income in an established Oakland neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1602 103rd Ave Subject | $499,000* List Price | 4 | 4 | 2,394 | $209 | - |
A 2220 100th Active | $410,000 List Price | 2 | 1 | 1,728 | $237 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 (84 years old) with no documented recent renovations; the listing's focus on 'upside' and 'repositioning' for investors indicates that the kitchens, bathrooms, and major systems likely require significant rehabilitation to meet modern standards.
With three out of four units currently occupied, the property provides immediate cash flow for investors from the date of acquisition.
The presence of one vacant unit offers a strategic opportunity for an owner-user or investor to renovate and lease at market rates, enhancing the property's overall value.
Listed at $499,000 for a four-unit multifamily property, this represents a highly attractive entry price for the Oakland market with significant upside potential.
The assigned public schools have ratings ranging from 1 to 2, which may deter family-oriented tenants and impact long-term appreciation.
Built in 1940, the property likely requires ongoing maintenance and capital improvements to modernize systems and remain competitive in the rental market.
Opportunity to acquire a four-unit multifamily property in Oakland’s established Iveywood neighborhood featuring three occupied units and one vacant unit, providing immediate rental income with additional upside for an owner-user or investor seeking to enhance and reposition the property over time; offering approximately 2,394 square feet of living space on a 5,200-square-foot lot, the property includes four total units, four bedrooms and four bathrooms and is conveniently located near neighborhood shopping, dining, public transportation and major commuter routes.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 2.3 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,394 | 1,587.5 |
| Lot Size | 5,200 | 5,000 |
| Price | $499.0K | $1.06M |
| Price per sq ft | $208 | $623 |
| Built year | 1940 | 1928 |
| HOA | $0 | $338 |
| Days on market | 12 | 35 |
Jul 10, 2026
$499,000
Initial Listing