
Oakland, California 94619
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,200,000—positioned slightly above the $1,178,958 Fair Market Value. The property features a Condition Rating of 3, bolstered by significant 2024 capital improvements including a new roof, sewer line, and SB 721 balcony clearance. With a rare 2:1 parking-to-unit ratio and a versatile unit mix, this building offers stable rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking a well-maintained, income-generating property in Oakland.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3872 35th Ave Subject | $1,200,000* List Price | 0 | 0 | 3,600 | $327 | - |
A 3859 High St Sold | $1,055,000 | 0 | 0 | 2,963 | $356 | 0.5 mi |
B 2841 Octavia St Active | $1,288,888 List Price | 0 | 0 | 3,535 | $365 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1968, the property features significant recent capital improvements including a new roof and gutters (2024), sewer line compliance (2024), and a new water heater (2023). Interior photos show updated bathroom vanities, fresh paint, and newer carpeting. While some elements like wall heaters and windows appear original, the major systems have been modernized within the last 5 years, making it well-maintained and functional.
The property features extensive recent upgrades including a new roof and gutters (2024), sewer line compliance (2024), and SB 721 balcony clearance (2025), significantly reducing immediate CAPEX requirements for a new investor.
Offering four private garages plus four off-street parking spots, the property provides a rare 2:1 parking-to-unit ratio, which is a premium amenity that drives tenant retention and higher rental premiums in Oakland.
The building contains a versatile mix of 1, 2, and 3-bedroom units in the desirable Laurel District, offering a stable rental history with clear potential to increase rents to market rates.
With 86 days on the market, the property has exceeded the typical absorption period for the area, which may lead to buyer concerns regarding the initial list price or underlying competition.
The assigned public schools have relatively low ratings (ranging from 2 to 4), which may limit the property's appeal to high-quality, long-term family tenants for the larger three-bedroom unit.
Great Investment Area and Easy to Manage Apartments. Stable Rental History with Lots of Upside for New Owner. Sunny Open Floorplan Three (3) Bedrooms and Two (2) Bathrooms with Large Patio, Two (2) Bedrooms One (1) Bathroom with Patio and Spacious One (1) Bedroom One (1) Bathroom. All Units in Good Condition. On-Site Laundry Room Owned New Roof, Gutter, and Downspouts July 2024 New Sewer Line Compliance 2024 New Balcony Decks Patio SB 721 clearance 2025 Four (4) Garages, and Four (4) Off Street Parking Spots New Hot Water Heater 2023 Appointments with Listing Agent and 48+ Hours Notice Requested. Thank you.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,600 | 2,530.25 |
| Lot Size | 6,000 | 4,390.625 |
| Price | $1.20M | $918.2K |
| Price per sq ft | $333 | $343 |
| Built year | 1968 | 1921 |
| HOA | $0 | $0 |
| Days on market | 131 | 66 |
May 1, 2026
$1,200,000
Initial Listing