2550 2550 Damuth St, Oakland, California 94602, Oakland, 94602 - 0 bed, 0 bath
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Oakland, California 94602
This Quadruplex Residential Income property is a High-Potential Investment Opportunity, listed at $1,198,888—positioned above the $1,084,158 Fair Market Value. While priced above the current estimate, the property offers significant utility through its recently upgraded owner's residence and three occupied rental units. Featuring a Condition Rating of 3, the home includes a granite kitchen, newer roof, and a private patio. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through consistent, established rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2550 2550 Damuth St Subject | $1,198,888* List Price | 0 | 0 | 4,003 | $271 | - |
A 3601 Lincoln Ave Sold | $925,000 | 0 | 0 | 3,370 | $274 | 0.2 mi |
B 3121 3121 Coolidge Ave Sold | $850,000 | 0 | 0 | 3,344 | $254 | 0.6 mi |
C 2508 Damuth St Active | $1,175,000 List Price | 0 | 0 | 3,840 | $306 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1968 but significantly updated; the owner's unit features a recently renovated kitchen with granite countertops and modern laminate flooring throughout. Major systems have been addressed, including updated electrical and a newer roof, making the property well-maintained and move-in ready.
As a quadruplex with three currently occupied units, the property offers a reliable revenue stream that can substantially offset mortgage payments for an owner-occupant.
The spacious 3-bedroom ground-floor unit is delivered vacant and features recent upgrades, including a rare dual-kitchen layout perfect for multi-generational living or guest hosting.
With a newer roof, updated electrical systems, and completed sewer and sidewalk certifications, the property minimizes immediate maintenance costs and closing hurdles for the buyer.
Having spent over 129 days on the market with a recent price reduction, the property may face perception challenges regarding its valuation or buyer demand in the current cycle.
While local elementary schools are well-rated, the assigned middle and high schools carry lower ratings, which may deter families prioritizing long-term academic performance.
Welcome to a truly unique property in one of the area's most desirable neighborhoods; Upper Diamond District. The perfect blend of comfortable living and financial flexibility. Easy owner occupied financing available. The entire ground floor is dedicated for the RECENTLY UPGRADED owner's residence, featuring three spacious bedrooms, two full bathrooms, and the rare convenience of two kitchens—ideal for multi-generational living, entertaining, or creating a separate guest space. Step outside to enjoy your own private backyard with room for a garden and inviting patio, providing plenty of room to relax and entertain. Owner's Unit is delivered VACANT. One of the home's greatest advantages is that three additional well-maintained units are already occupied, generating consistent monthly rental income. The rental income can significantly offset your mortgage payment, making homeownership more affordable while allowing you to enjoy the privacy and comfort of a single-family home. The property has been thoughtfully maintained with low-maintenance ownership in mind and includes attached garages, updated electrical systems, a newer roof, sewer & sidewalk certificates provided by seller. Whether you're looking for a forever home with room to grow, space for extended family, or the financial security that comes from supplemental rental income, this one-of-a-kind property offers a lifestyle that is increasingly difficult to find. Come take a look, see for yourself.
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 |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,003 | 2,547 |
| Lot Size | 3,150 | 4,475 |
| Price | $1.20M | $860.2K |
| Price per sq ft | $299 | $344 |
| Built year | 1968 | 1920 |
| HOA | $0 | $0 |
| Days on market | 137 | 56 |
Apr 24, 2026
$1,198,888
$1,250,000
-4% Price Drop
Initial Listing
Mar 7, 2026
$1,250,000
Initial Listing