1714 Chestnut St, Oakland, California 94607, Oakland, 94607 - 5 bed, 5 bath
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This Multi-Unit Residential Compound is listed at $970,000, offering a strategic entry point near its $912,219 Fair Market Value. The property provides significant Multi-Unit Income Potential through its unique configuration of a main house and two rear cottages. While the Condition Rating of 5 suggests future value-add opportunities through modernization of the occupied units, the Turnkey Renovated Cottage and separate utility meters ensure immediate operational readiness. Located in the Oakland High School District, this versatile asset is an ideal 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 |
|---|---|---|---|---|---|---|
★ 1714 Chestnut St Subject | $970,000* List Price | 5 | 5 | 3,533 | $258 | - |
A 1746 8th Street Sold | $780,000 | 3 | 2 | 3,368 | $232 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1989, making it 37 years old and placing it in the >30y category. While one cottage has been renovated, the main house and second cottage are likely original and dated, requiring significant updates to kitchens, bathrooms, and aging systems to meet modern standards.
The property features a unique configuration of a main house plus two rear cottages, providing significant rental income opportunities or a flexible multi-generational living setup in a vibrant neighborhood.
Cottage C has been fully renovated and is delivered vacant, allowing for immediate occupancy or market-rate rental without the need for initial capital improvements.
Equipped with separate gas and electric meters for the units, the property offers simplified utility management and reduces the owner's responsibility for tenant utility costs.
With the main house and one cottage currently occupied under month-to-month agreements, a buyer may face complexities regarding immediate possession or lease restructuring.
While one unit is renovated, the other occupied units may require future updates or repairs to match the modern standard and maximize the property's overall market value.
Rare opportunity in vibrant W. Oakland. Front house with two cottages in the rear. Main house and cottage B are occupied with MTM Rental Agreements. Separate gas and electric meters. Cottage C has been renovated and is ready for a tenant or owner!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,533 | 1,587.5 |
| Lot Size | 7,392 | 5,000 |
| Price | $970.0K | $1.06M |
| Price per sq ft | $275 | $623 |
| Built year | 1989 | 1928 |
| HOA | $0 | $338 |
| Days on market | 92 | 35 |
Apr 21, 2026
$970,000
Initial Listing