2550 2550 Damuth St, Oakland, California 94602, Oakland, 94602 - 0 bed, 0 bath
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Oakland, California 94602
This Residential Income Quadruplex is a strategic House-Hack Opportunity listed at $1,250,000, positioned relative to a $1,097,033 Fair Market Value. The asset generates a reliable $60,000 annual rental income, offering immediate cash flow stability in the peaceful LINCOLN HEIGHTS neighborhood. With a Condition Rating of 4, the 4,003-square-foot property provides a clear value-add path via renovations to the ground-floor owner's unit. Proximity to Joaquin Miller Park and Sequoia Elementary School ensures long-term tenant demand. This is a premier acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2550 2550 Damuth St Subject | $1,250,000* List Price | 0 | 0 | 4,003 | $274 | - |
A 3300 Brookdale Ave Sold | $1,025,000 | 0 | 0 | 0 | 0.7 mi | |
B 3425 Wilson Ave Active | $949,000 List Price | 0 | 0 | 3,956 | $240 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, this quadruplex is a well-maintained but aged investment property. While the rental units appear functional with some updated laminate flooring, the kitchens and bathrooms largely feature dated cabinetry, older appliances, and 1960s-era layouts. The listing explicitly states the owner's unit needs work, indicating deferred maintenance or a need for modernization to meet current market standards.
The property generates a steady $60,000 annual rental income, providing immediate returns and a solid foundation for a multi-family investment.
Featuring a dedicated ground-floor owner's unit and eligibility for owner-occupied financing, this quadruplex is perfectly configured for an investor looking to live on-site while offsetting mortgage costs.
Situated in the peaceful Lincoln Heights neighborhood, the property offers excellent connectivity via Highway 13 and is minutes away from Joaquin Miller Park and local amenities like Safeway.
The primary owner's unit requires work, necessitating immediate additional capital investment and effort from the buyer to realize the property's full value.
Several assigned schools in the immediate area carry low performance ratings, which may impact long-term appreciation or the ability to attract families as future tenants.
Welcome to 2550 Damuth St, an exceptional multi-family investment opportunity perfectly positioned for the savvy owner-occupant. This impressive 4,003 square foot property features multiple well-appointed units, including an additional owner unit on the ground floor, making it ideal for live-in owners seeking rental income while enjoying their own private space. Owner unit needs work providing instant upside to this smart investment for the handy buyer. Located in a peaceful Oakland neighborhood with convenient access to Highway 13, this property offers the perfect blend of tranquility and connectivity. This low-maintenance building is easy to manage while generating $60K per year, steady cash flow from your tenants. Owner-occupied financing options make this an even more attractive opportunity for investors ready to make this their home base. You'll be just minutes from essential amenities, with Safeway grocery conveniently located nearby and the scenic beauty of Joaquin Miller Park offering outdoor recreation within easy reach. This is your chance to secure a prime piece of Oakland real estate that works as hard as you do, combining comfortable living with smart investment potential in one compelling package.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,003 | 2,005 | 71% |
| Lot Size | 3,150 | 4,400 | 29% |
| Price | $1.25M | $850.0K | 86% |
| Price per sq ft | $312 | $312 | 50% |
| Built year | 1968 | 1943 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 148 | 14% |
Mar 7, 2026
$1,250,000
Initial Listing