
Oakland, California 94605
This Quadruplex presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well below the $747,184 Fair Market Value (effectively priced at market). With three units currently vacant and the fourth transitioning, this asset offers immediate renovation potential without tenant displacement. Given the Condition Rating of 5, the property requires significant capital expenditure to address deferred maintenance. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on the high-demand I-580 corridor.
Property is extensive renovation needed.
Built in 1961 (63 years old) with no evidence of recent renovations. The exterior shows boarded-up windows and signs of significant neglect. While one unit is still occupied, the overall condition suggests major safety and structural rehab is required for the vacant units and aging systems.
With three units currently vacant and the fourth in the process of vacating, investors have the rare opportunity to renovate and set market-rate rents immediately without the complications of tenant displacement.
The property is conveniently located near the I-580 corridor and local shopping centers, offering high accessibility for tenants and increasing the property's long-term desirability.
At 3,406 square feet, this quadruplex offers a substantial footprint for the price point, providing spacious unit layouts that are attractive to quality long-term renters.
Located in East Oakland, the property may require more hands-on management and rigorous tenant screening to mitigate risks associated with the specific submarket.
Given the 1961 construction date, the building may require significant capital expenditures for system upgrades and modernizations to achieve its full income potential.
Three vacant units. Occupant in 2809 in process of vacating. Great income potential near shopping center and I-580.
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 | 3,406 | 2,403.227 |
| Lot Size | 6,294 | 4,461.364 |
| Price | $749.0K | $900.8K |
| Price per sq ft | $220 | $343 |
| Built year | 1961 | 1919 |
| HOA | $0 | $0 |
| Days on market | 16 | 67 |
Oct 8, 2026
$749,000
Initial Listing