2506 Highland Ave, Oakland, California 94606, Oakland, 94606 - bed, bath
ACTIVE$899,000
2506 Highland Ave, Oakland, California 94606
0Bed
0Bath
Sqft
4,445Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Crocker Highlands Elementary School (9/10).
Top Cons:
Advanced Age of Property: Built in 1911, the property is likely to have outdated systems (electrical, plumbing, HVAC) and may require significant capital expenditures for renovations, repairs, or compliance with modern building codes.
Compared to the nearby listings
Price:$899.0K vs avg $899.0K (+$0)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1911 (114 years old).
Condition: The property, built in 1911, presents as cosmetically move-in ready with recent updates like fresh paint and modern laminate flooring throughout. The main kitchen features functional Cherrywood cabinets and granite countertops, which appear to be updates from 10-20 years ago, complemented by newer stainless steel appliances. Bathrooms are clean with dated but functional tile work. While these updates make the property habitable, the underlying structure's age (1911) and the style of some key components (kitchen cabinets, bathroom tile) suggest that major systems (electrical, plumbing, HVAC) are likely outdated and may require substantial future investment. This aligns with a 'Fair' condition, indicating an aged but maintained home with occasional updates, where major components are functional but show signs of being outdated, and core renovations are typically 15-30 years old.
Year Built
1911
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41101219
Home ConditionFair
Features
View-
About this home
High-Cash Flow Multi-Unit Property in Highland Terrace – All Units Vacant! Don’t miss this exceptional investment opportunity in the highly desirable Highland Terrace neighborhood. This multi-unit property is fully vacant and ready for you to place tenants at market rent—or move in and house-hack while generating strong income. The main level features a spacious 4B/2B unit with a large living and dining room adorned with traditional crown molding. The kitchen includes Cherrywood cabinets and all appliances—making it ideal as a comfortable primary residence. The garage has been thoughtfully converted into a separate 2B/1B unit, offering even more income potential. Back unit is a fully independent 2B/1B unit with its own PG&E and water meters, full kitchen, and bathroom—perfect for separate tenants or extended family. The home sits on a generous lot with a decent-sized backyard, a wide driveway, and an automatic security gate for added convenience and privacy. Market rent estimates from Rentometer.com: * 4B/2B main unit: $3,500/month * Upper 2B/1B unit: $2,700/month * Lower 2B/1B converted unit: $2,500/month That’s a potential gross rental income of $8,700/month, offering a rare opportunity for both investors and savvy buyers looking to live in one
Nearby schools
3/10
Manzanita Seed
Public,•K-5•0.3mi
3/10
Garfield Elementary School
Public,•K-5•0.5mi
4/10
Bella Vista Elementary School
Public,•K-5•0.6mi
3/10
International Community School
Public,•K-5•0.9mi
5/10
Think College Now School
Public,•K-5•0.9mi
3/10
Franklin Elementary School
Public,•K-5•1.0mi
5/10
Glenview Elementary School
Public,•K-5•1.0mi
7/10
Cleveland Elementary School
Public,•K-5•1.1mi
9/10
Crocker Highlands Elementary School
Public,•K-5•1.3mi
6/10
Henry Haight Elementary School
Public,•K-5•2.0mi
8/10
Lincoln Elementary School
Public,•K-5•2.1mi
2/10
Piedmont Avenue Elementary School
Public,•K-5•2.7mi
4/10
Roosevelt Middle School
Public,•6-8•0.5mi
6/10
Edna Brewer Middle School
Public,•6-8•0.7mi
4/10
Urban Promise Academy
Public,•6-8•0.8mi
3/10
United For Success Academy
Public,•6-8•0.9mi
2/10
Bret Harte Middle School
Public,•6-9•1.4mi
3/10
La Escuelita Elementary School
Public,•K-8•1.5mi
2/10
Westlake Middle School
Public,•6-8•2.2mi
5/10
Will C. Wood Middle School
Public,•6-8•2.7mi
4/10
Oakland High School
Public,•9-12•0.9mi
2/10
Fremont High
Public,•9-12•1.7mi
7/10
Oakland Technical High School
Public,•9-12•3.0mi
2/10
Oakland International High School
Public,•9-12•3.2mi
7/10
Encinal Junior/Senior High
Public,•6-12•3.5mi
4/10
Skyline High School
Public,•9-12•3.6mi
Condition Rating
Fair
The property, built in 1911, presents as cosmetically move-in ready with recent updates like fresh paint and modern laminate flooring throughout. The main kitchen features functional Cherrywood cabinets and granite countertops, which appear to be updates from 10-20 years ago, complemented by newer stainless steel appliances. Bathrooms are clean with dated but functional tile work. While these updates make the property habitable, the underlying structure's age (1911) and the style of some key components (kitchen cabinets, bathroom tile) suggest that major systems (electrical, plumbing, HVAC) are likely outdated and may require substantial future investment. This aligns with a 'Fair' condition, indicating an aged but maintained home with occasional updates, where major components are functional but show signs of being outdated, and core renovations are typically 15-30 years old.
Pros & Cons
Pros
Great Schools: Elementary School: Crocker Highlands Elementary School (9/10).
Exceptional Income Potential: The property is fully vacant, allowing for immediate tenant placement at market rates, with a projected gross rental income of $8,700/month, indicating strong cash flow potential for investors or owner-occupants.
Versatile Multi-Unit Configuration: Comprising a spacious 4B/2B main unit, a converted 2B/1B garage unit, and an independent 2B/1B back unit, it offers diverse rental strategies and flexibility for house-hacking.
Desirable Neighborhood: Located in the highly sought-after Highland Terrace neighborhood, which typically commands higher rental rates and property values.
Independent Utilities: The fully independent back 2B/1B unit with its own PG&E and water meters simplifies expense management and tenant responsibility, a significant advantage for multi-unit properties.
Enhanced Security and Amenities: The property includes an automatic security gate, a wide driveway, and a decent-sized backyard, adding convenience, privacy, and appeal for residents.
Cons
Advanced Age of Property: Built in 1911, the property is likely to have outdated systems (electrical, plumbing, HVAC) and may require significant capital expenditures for renovations, repairs, or compliance with modern building codes.
Unspecified Permitting for Converted Unit: The garage conversion to a 2B/1B unit is mentioned without explicit confirmation of permits, raising potential concerns about code compliance, legality, and future liabilities.
Discrepancy in Unit Count: Listed as a 'Duplex' but described with three distinct units, this inconsistency could indicate zoning non-conformity or unpermitted units, requiring thorough due diligence.