1914 51st Avenue, Oakland, California 94601, Oakland, 94601 - 0 bed, 0 bath
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Oakland, California 94601
Analysis of 1914 51st Avenue, Oakland, California 94601 is currently available with a list price of $999,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property has undergone $200,000 in capital improvements over the last 6 years, including a 1-year-old roof, newer copper plumbing, and dual-pane windows. Interior photos of the renovated units show modern kitchens with stone counters and stainless appliances, along with updated bathrooms, meeting the criteria for recent high-quality renovation.
With approximately $200,000 invested in major improvements including a newer roof, copper plumbing, and dual-pane windows, this property offers significantly reduced deferred maintenance for the incoming investor.
The property features one fully renovated vacant unit and two garages delivered vacant at close, allowing for immediate market-rate leasing or owner-occupancy to maximize initial cash flow.
The five-unit residential configuration on a single parcel provides a diversified income stream with strong in-place occupancy, offering a balanced blend of stability and future upside.
The assigned public schools carry low ratings (mostly 2/10), which may limit the tenant pool to those without school-aged children and could impact long-term appreciation.
Despite recent renovations, the 1924 construction date implies potential legacy issues common in century-old buildings that may require specialized maintenance beyond the recent cosmetic and system upgrades.
Exceptional investment opportunity featuring five residential units on one parcel, with four units currently occupied and one fully renovated unit vacant and ready for immediate occupancy or lease-up. Ownership has invested approximately $200,000 in capital improvements over the past six years, significantly enhancing the property's condition and long-term value. Major upgrades include a newer roof on the main building (approx. one year old), extensive stucco repairs, newer copper plumbing, four newer water heaters, and mostly newer dual-pane windows throughout. Units have been updated over time with remodeled interiors and wall, ceiling, and sheetrock improvements. Two garages will be delivered vacant at close of escrow, offering flexibility for owner use, tenant amenities, or additional income potential. A well-maintained asset with stable income, upside potential, and significant recent improvements.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades PK-8 • 0.6 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
Jun 15, 2026
$999,000
Initial Listing
Jan 7, 2020
$700,000
Public Record
Dec 20, 2005
$700,000
Public Record
Jun 27, 2005
$510,000
Public Record
Dec 4, 2000
$395,000
Public Record