2505 Market St, Oakland, California 94607, Oakland, 94607 - bed, bath
ACTIVE$1,500,000
2505 Market St, Oakland, California 94607
0Bed
0Bath
Sqft
7,041Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential & Versatility: This 4-unit quadruplex offers a desirable unit mix (two 4-bedroom, two 3-bedroom), providing strong rental income potential and flexibility for various investment strategies, including owner-occupancy or multi-generational living.
Top Cons:
Absence of Financial Performance Data: The listing lacks crucial financial details such as current rental income, occupancy rates, or operating expenses, making it challenging for investors to accurately assess the property's true return on investment and cash flow.
Compared to the nearby listings
Price:$1.50M vs avg $780.0K (+$720,000)91%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 2004 (21 years old).
Condition: Built in 2004, this property is 20 years old and appears well-maintained. The kitchens feature modern stainless steel appliances, updated faucets, and contemporary light fixtures, though the cabinet style is more traditional. Bathrooms are clean and functional, albeit basic. The property is move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria where some components are updated but it hasn't undergone a full recent renovation.
Year Built
2004
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41110097
Home ConditionGood
Features
Deck
View-
About this home
Incredible Investment Opportunity – 4-Unit Property in Prime Oakland Location! Don’t miss this rare chance to own a well-priced 4-unit property in one of Oakland’s most convenient and rapidly appreciating neighborhoods. Ideal for investors or owner-occupants! Property Highlights: Two buildings on one lot – a unique and versatile layout Unit Mix: Two 4-bedroom units & Two 3-bedroom units Each unit has its own washer/dryer Secure gated property for added privacy and peace of mind Large rear deck perfect for relaxing or entertaining (ideal for owner-occupied units) Excellent commuter location – Just minutes from BART, freeway access, and a few blocks from direct SF bus lines With its unbeatable location, strong rental potential, and modern amenities, this property offers exceptional value and upside. Perfect for multi-generational living, house hacking, or pure investment.
Condition Rating
Good
Built in 2004, this property is 20 years old and appears well-maintained. The kitchens feature modern stainless steel appliances, updated faucets, and contemporary light fixtures, though the cabinet style is more traditional. Bathrooms are clean and functional, albeit basic. The property is move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria where some components are updated but it hasn't undergone a full recent renovation.
Pros & Cons
Pros
High Income Potential & Versatility: This 4-unit quadruplex offers a desirable unit mix (two 4-bedroom, two 3-bedroom), providing strong rental income potential and flexibility for various investment strategies, including owner-occupancy or multi-generational living.
Prime & Appreciating Location: Situated in a 'Prime Oakland Location' within a 'rapidly appreciating neighborhood,' this property benefits from strong market demand and potential for significant long-term value appreciation.
Excellent Commuter Accessibility: The property boasts an 'Excellent commuter location,' being just minutes from BART, freeway access, and direct SF bus lines, which is a major draw for tenants working in the Bay Area.
Modern Construction & Unit Amenities: Built in 2004, the property offers relatively newer construction compared to many Oakland multi-units, and each unit includes its own washer/dryer, a highly desirable modern amenity for tenants.
Enhanced Security & Outdoor Space: The 'secure gated property' provides added privacy and peace of mind, while the 'large rear deck' offers valuable outdoor space for relaxation or entertaining, enhancing tenant appeal.
Cons
Absence of Financial Performance Data: The listing lacks crucial financial details such as current rental income, occupancy rates, or operating expenses, making it challenging for investors to accurately assess the property's true return on investment and cash flow.
Intensive Property Management: Managing four units, particularly with larger bedroom counts, typically requires significant time and effort for tenant relations, maintenance, and turnover, which could be a considerable burden for some investors or owner-occupants.
Unspecified Parking Availability: For a 4-unit property in an urban setting like Oakland, the absence of explicit mention of dedicated parking could be a significant drawback for potential tenants and impact rental desirability.