2828 22nd Avenue, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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Oakland, California 94606
This Quadruplex Residential Income Asset is a Prime Investment Opportunity listed at $1,050,000—positioned well below the $1,074,483 Fair Market Value by 2%. This valuation gap offers $24,483 in Instant Equity for incoming buyers. While the property maintains a Fair Condition Rating, it features a rare, high-demand mix of four 3-bedroom units and a stunning City Lights View. With one unit delivered vacant, it provides an immediate "house-hack" opportunity to subsidize the mortgage. This is a strategic 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 |
|---|---|---|---|---|---|---|
★ 2828 22nd Avenue Subject | $1,010,000* List Price | 0 | 0 | 3,648 | $288 | - |
A 1944 E 24th St Sold | $955,000 | 0 | 0 | 3,480 | $274 | 0.4 mi |
B 1854 International Blvd Sold | $1,122,000 | 0 | 0 | 3,207 | $350 | 1.0 mi |
C 1914 22nd Ave Sold | $735,000 | 0 | 0 | 2,738 | $268 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the property is in fair condition. While the living areas and bedrooms have been refreshed with new paint and laminate flooring, the kitchen is significantly outdated, featuring worn wood cabinetry, older appliances, and dated tile flooring. The exterior shows signs of age, specifically significant cracking in the concrete parking area. The property is functional and maintained but requires modernization of major interior components to meet current market standards.
The property consists entirely of 3-bedroom units, which are rare in the multi-family market and highly attractive to families or co-living groups, driving stronger rental demand and yield.
With one unit delivered vacant, this 4-plex is ideal for an owner-occupant looking to utilize residential financing while having the other three units subsidize the mortgage.
Each unit features in-unit laundry hookups and dedicated off-street parking, two high-value amenities that significantly improve tenant retention and reduce vacancy rates.
The 3-bedroom, 1-bathroom configuration may be seen as a limitation for larger households or professional roommates, potentially capping the maximum achievable rent per unit.
The assigned public schools for this address have lower-to-mid-range ratings, which may deter some long-term family tenants who prioritize high-performing educational districts.
Located at 2828 22nd Avenue, this 4-plex offers a rare combination of rental potential and comfortable owner living. Built in 1965, the two-story building features four spacious units, each thoughtfully designed with 3 bedrooms and 1 bathroom, providing generous living space ideal for families or roommates. Each unit includes in-unit laundry hookups, functional layouts with large bedrooms, open living room, dining room, kitchen areas with plenty of natural light through double pane windows. The property totals approximately 3,648 square feet of living space on a 6,250 square foot lot. A standout feature of the property is one unit is currently vacant, presenting a perfect opportunity for owner-occupied living while generating rental income from the remaining three units. Residents also benefit from one dedicated off-street parking space per unit, adding convenience and value in this desirable neighborhood. Situated on a mostly quiet street up the hill, the property offers a peaceful residential feel while still being close to many everyday conveniences. The location provides easy access to local schools, shopping, dining, public transportation, and major commuter routes.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 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 | 3,648 | 2,586.5 | 90% |
| Lot Size | 6,250 | 5,625 | 60% |
| Price | $1.01M | $845.0K | 70% |
| Price per sq ft | $277 | $282 | 50% |
| Built year | 1965 | 1924 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 209 | 10% |
Apr 21, 2026
$1,010,000
$1,050,000
-4% Price Drop
Initial Listing
Mar 23, 2026
$1,050,000
Initial Listing
Aug 3, 1994
$235,000
Public Record