216 Oakland Ave, Oakland, California 94611, Oakland, 94611 - 0 bed, 0 bath
Loading property details...
216 Oakland Ave
Oakland, California 94611
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,248Sq Ft
3,227Lot Size
Property Price
LIST PRICE$1,040,000
EST. MARKET VALUE
$1,038,177
SUMMARY
This fourplex presents a High-Potential Investment Opportunity with a List Price of $1,040,000—positioned well below the $1,038,178 Fair Market Value (Note: Market is stable). With a Condition Rating of 4, the property features three updated units and one original unit, providing a clear path for forced appreciation through modernization. Its proximity to Lake Merritt and major medical centers ensures consistent rental demand. This is a strategic Buy-and-Hold Asset ideal for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through rental income.
Estimated Market Value
$1,038,177
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 216 Oakland Ave Subject 0 bd · 0 ba · 2,248 sqft · $462 | $1,040,000* List Price | 0 | 0 | 2,248 | $462 | - |
A 3271 Kempton Ave Sold 0 bd · 0 ba · 2,803 sqft · $410 · 0.3 mi | $1,150,000 | 0 | 0 | 2,803 | $410 | 0.3 mi |
B 4131 Howe Street Active 0 bd · 0 ba · 2,272 sqft · $440 · 0.9 mi | $999,000 List Price | 0 | 0 | 2,272 | $440 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1925, this fourplex has received recent cosmetic updates (flooring and paint) in 3 of the 4 units. However, kitchens and bathrooms remain dated with older tile work and fixtures, and one unit is still in original condition. Visible wall heaters indicate older mechanical systems, and the property is marketed for its 'future upside,' suggesting a need for further modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated near Lake Merritt and major medical centers, this property offers high tenant demand and excellent walkability to shopping, dining, and transit.
- Value-Add Potential
With three units already updated, there is a clear opportunity to increase rental yield and property value by renovating the final remaining unit.
- Flexible Investment Strategy
The fourplex configuration provides multiple options for buyers, including traditional investment or owner-occupancy with significant income to offset the mortgage.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The assigned elementary and middle schools have very low ratings (1 and 2), which may deter families and impact long-term tenant stability.
- Aging Infrastructure
Built in 1925, the property likely requires ongoing maintenance and potential capital expenditures for structural or system updates typical of century-old buildings.
About 216 Oakland Ave
Exceptional opportunity to own a 4-unit property in a highly desirable Oakland location, just minutes from Lake Merritt, Downtown Oakland, Piedmont, Grand Lake, shopping, dining, entertainment, transit, and major medical centers. The property offers a strong combination of location, and future upside. 3 out of units have been updated, providing a great example of the potential for the remaining units. The property also offers an attractive rental opportunity given its proximity to Oakland's medical centers and urban amenities. Whether you're looking to invest, live in one unit while generating income from others, or improve the property over time, this fourplex offers multiple possibilities in a location that is hard to beat.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1925
- Lot Size
- 3,227 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Piedmont Avenue Elementary School
Grades K-5 • 1.1 mi
2/10
Lincoln Elementary School
Grades K-5 • 1.2 mi
8/10
Lafayette Elementary School
Grades 2-5 • 1.4 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,248 | 2,403.227 |
| Lot Size | 3,227 | 4,461.364 |
| Price | $1.04M | $900.8K |
| Price per sq ft | $463 | $343 |
| Built year | 1925 | 1919 |
| HOA | $0 | $0 |
| Days on market | 22 | 67 |
Pricing History
Listed for Sale
Oct 2, 2026
$1,040,000
Initial Listing