2426 57th Ave, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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Oakland, California 94605
This fourplex presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well below the $851,060 Fair Market Value by 0.12%. Featuring a desirable unit mix of one 3BR and three 2BR units plus four dedicated garages, the property offers significant rental income potential. With a Fair Condition Rating, the asset requires capital improvements to modernize systems and maximize returns. This is a strategic acquisition ideal for Buy-and-Hold Investors or Value-Add Developers seeking to stabilize a multi-family asset in Oakland.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2426 57th Ave Subject | $850,000* List Price | 0 | 0 | 3,804 | $224 | - |
A 3328 66th Ave Sold | $825,000 | 0 | 0 | 3,452 | $239 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1966 (58 years old) with no evidence of major renovations. Exterior images show a weathered roof, rusted metal stairs, and dated siding. The absence of interior photos and the age of the structure suggest that kitchens, bathrooms, and core systems (HVAC/Electric) likely require significant rehabilitation to meet modern standards.
The property features a highly desirable configuration of one 3-bedroom unit and three 2-bedroom units, offering superior rental income potential compared to standard smaller-unit fourplexes.
With four dedicated garages, the property provides a 1:1 unit-to-parking ratio, a significant value-add in the Oakland market that enhances tenant attraction and retention.
At a list price of $850,000, the cost per unit is approximately $212,500, representing an attractive entry-level investment opportunity for the East Bay residential income market.
Constructed in 1966, the building may require capital improvements for deferred maintenance or system upgrades to meet modern efficiency standards and maximize market rents.
Located in the Seminary district, the property may be subject to higher perceived market risks and slower appreciation rates compared to more established Oakland submarkets.
Fourplex for sale with strong unit mix of (1) 3BR unit and (3) 2BR units with 4 garages.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,804 | 2,547 |
| Lot Size | 5,000 | 4,475 |
| Price | $850.0K | $860.2K |
| Price per sq ft | $223 | $344 |
| Built year | 1966 | 1920 |
| HOA | $0 | $0 |
| Days on market | 15 | 56 |
Jul 7, 2026
$850,000
Initial Listing
Jul 2, 2012
$225,000
Public Record
Jul 2, 1998
$201,000
Public Record