1625 7th Ave, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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Oakland, California 94606
This Fully Occupied Triplex Investment is listed at $750,000, representing a stable income-generating asset near its $670,384 Fair Market Value. Boasting a Condition Rating of 4, the property features a 2019 roof and individually metered utilities, significantly reducing owner expenses. Its prime location—a 9-minute walk to Lake Merritt—ensures consistent rental demand, further bolstered by proximity to the 9/10 rated Crocker Highlands Elementary School. With ADU expansion potential to increase density, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1625 7th Ave Subject | $750,000* List Price | 0 | 0 | 1,452 | $462 | - |
A 1501 First Ave. Sold | $965,000 | 0 | 0 | 0 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1908, this property shows signs of age typical for a century-old structure. While it benefits from a newer roof (2019) and functional, individually metered utilities, the exterior images reveal deferred maintenance in the form of overgrown landscaping, cracked concrete, and weathered siding. The absence of interior photos often indicates dated kitchen and bathroom finishes. The property is functional and occupied, fitting the 'fair' criteria of an aged home that is maintained but requires updates to meet modern aesthetic and efficiency standards.
Elementary School: Crocker Highlands Elementary School (9/10).
Situated just a 9-minute walk from Lake Merritt, the property offers exceptional tenant appeal due to its proximity to scenic recreation, BART, and major employment hubs in Downtown Oakland and Berkeley.
The triplex is fully occupied and generating steady rental income, featuring individually metered gas and electricity which significantly reduces owner-paid utility expenses and simplifies management.
Originally constructed in 1908, the building may require ongoing maintenance or capital improvements to vintage systems that are typical for a property of this age.
With a total building area of approximately 1,500 sqft divided into three units, the living spaces are relatively small, which may limit the ceiling for future rent increases compared to larger floor plans.
1625 7th St Oakland, California, 94606 Land - 4,125 Sqft Building Area - 1498 Sqft 3 unit apartment - FULLY OCCUPIED Unit 1629 - 2 Beds and 1 bath, 592 Sqft, $1,800/ month Unit 1627 - 2 Beds, 1 Bath, 540 Sqft, $1,800/ month Unit 1625 - Studio, 366 Sqft, $800/ month Possible ADU 1/1 for Unit D Amenity-Rich, Fully Occupied Investment Opportunity Near Lake Merritt Ideally located at 1625 7th Ave in Oakland, this property is just a short 9-minute walk to Lake Merritt, renowned for its iconic “Necklace of Lights.” Residents enjoy immediate access to scenic walking paths, outdoor recreation, and one of the East Bay’s most vibrant lifestyle destinations. This fully occupied 3-unit apartment building offers an exceptional opportunity for both investors and owner-occupants, live in one unit while generating steady rental income from the others. The property benefits from excellent connectivity, with convenient access to BART, major freeways, and key employment centers. Its central location places tenants just minutes from Downtown Oakland, Uptown, and Berkeley, enhancing its long-term rental appeal. Designed for operational efficiency and ease of management, each unit is individually metered for gas and electricity, reducing owner expenses and simplifying utility allocation. Recent capital improvements include a new roof completed in October 2019, providing added peace of mind and minimizing near-term maintenance costs.
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 | 1,452 | 2,312 | 20% |
| Lot Size | 4,125 | 4,775 | 40% |
| Price | $750.0K | $742.5K | 50% |
| Price per sq ft | $517 | $299 | 80% |
| Built year | 1908 | 1920 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 210 | 10% |
Apr 17, 2026
$750,000
Initial Listing
Mar 19, 2025
$200,000
Public Record