3431 Wilson Ave, Oakland, California 94602, Oakland, 94602 - 0 bed, 0 bath
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Oakland, California 94602
This Quadruplex Multifamily Asset is a Strong Value Opportunity, listed at $849,000—positioned well below the $906,382 Fair Market Value by 6%. This valuation gap offers $57,382 in Instant Equity. With a Condition Rating of 3, the property features seismic retrofitting, newer roofing, and renovated kitchens. The versatile three-structure layout provides private outdoor space and Decks, ensuring strong rental demand in the Dimond District. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3431 Wilson Ave Subject | $849,000* List Price | 0 | 0 | 2,156 | $420 | - |
A 3064 Curren Ave Sold | $645,000 | 0 | 0 | 1,651 | $391 | 0.4 mi |
B 2550 Pleasant St Active | $749,000 List Price | 0 | 0 | 2,551 | $294 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1922, the property has undergone significant capital improvements including seismic retrofitting for all structures, newer roofing on the cottage and duplex, and drainage upgrades. Interior photos show that several kitchens have been renovated with modern shaker-style cabinetry and updated countertops within the last 5-15 years, making the units well-maintained and move-in ready.
All three structures have been seismically retrofitted and feature recent capital improvements including newer roofing and drainage work, significantly reducing immediate maintenance liability for a new owner.
The configuration of three separate structures—a front house, detached cottage, and duplex—provides tenants with superior privacy and private outdoor spaces, which typically commands higher rental premiums.
Boasting a high walkability factor near MacArthur Boulevard and immediate I-580 access, the property is perfectly positioned to attract commuters and tenants seeking a vibrant, amenity-rich neighborhood.
The assigned middle and high schools carry low ratings (2 out of 10), which may deter long-term family tenants and limit the property's appeal to a specific demographic.
With only 2,156 total rentable square feet across four units, the average unit size is quite small, which may lead to higher tenant turnover and limit the ability to achieve top-of-market rents for the area.
The Prescott Team is pleased to present 3431 Wilson Avenue, a four-unit multifamily property located in Oakland's Dimond District, an established neighborhood known for its walkable commercial corridor, residential character, and convenient East Bay access. Built in 1922, the property comprises approximately 2,156 rentable square feet on a 6,500 square foot lot. The unit mix is distributed across three separate structures: a front house operating as the two-bedroom, one-and-a-half-bath unit; a detached cottage configured as a one bed - one-bath; and a duplex containing two split-level one-bath lofts. All three structures have been seismically retrofitted. Additional capital improvements include newer roofing on the cottage and duplex, an upgraded sump pump, and approximately $5,000 in drainage work on the front house. Tenant amenities include off-street parking, on-site laundry in the garage, private outdoor space across the property, a private backyard for the cottage, decks for the loft units, and a front yard for the front house. The on-site laundry also presents an opportunity to generate additional income through coin- or card-operated machines. The Dimond District offers residents a strong mix of restaurants, cafés, breweries, and everyday retail along MacArthur Boulevard, along with access to Dimond Park and the Sausal Creek trail system. AC Transit service and immediate Interstate 580 access support efficient commutes to Downtown Oakland, Berkeley, San Francisco, and the greater East Bay. With completed seismic work, recent capital improvements, and desirable Dimond District location, 3431 Wilson Avenue represents a compelling opportunity to acquire a well-positioned and well-maintained multifamily asset.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 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 | 2,156 | 2,544 | 50% |
| Lot Size | 6,500 | 5,679.5 | 67% |
| Price | $849.0K | $849.5K | 50% |
| Price per sq ft | $394 | $262 | 67% |
| Built year | 1922 | 1919 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 132 | 17% |
May 19, 2026
$849,000
Initial Listing
Sep 15, 1997
$250,000
Public Record