3906 Lusk St, Oakland, California 94608, Oakland, 94608 - bed, bath
ACTIVE$895,000
3906 Lusk St, Oakland, California 94608
0Bed
0Bath
Sqft
4,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a 'Residential Income' property and specifically a 'Quadruplex,' it offers significant potential for multiple rental income streams, making it an attractive investment opportunity.
Top Cons:
Historic Age & Condition: Built in 1910, the property is over a century old, indicating a high likelihood of requiring extensive capital expenditures for system upgrades (plumbing, electrical), structural repairs, and modernization to meet current standards and tenant demands.
Compared to the nearby listings
Price:$895.0K vs avg $875.0K (+$20,000)57%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1910 (115 years old).
Condition: Built in 1910, this quadruplex is over a century old. The listing provides no information or images of the interior, including kitchens and bathrooms, nor any mention of recent renovations. The single exterior image shows an aged building with older windows, suggesting a lack of modern updates. Given its age and the absence of renovation details, it is highly probable that all major systems (electrical, plumbing, HVAC), kitchens, and bathrooms are severely outdated and require substantial repairs and rehabilitation to meet current safety, functionality, and aesthetic standards. The property analysis also highlights a 'high likelihood of requiring extensive capital expenditures for system upgrades... and modernization.'
Year Built
1910
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41097012
Home ConditionPoor
Features
View-
About this home
Great investment. Convenient location.
Nearby schools
2/10
Hoover Elementary School
Public,•K-5•0.5mi
2/10
Emerson Elementary School
Public,•K-5•0.9mi
1/10
Sankofa Academy
Public,•PK-5•1.3mi
8/10
Peralta Elementary School
Public,•K-5•1.5mi
6/10
Malcolm X Elementary School
Public,•K-5•1.6mi
6/10
Leconte Elementary School
Public,•K-5•2.0mi
6/10
John Muir Elementary School
Public,•K-5•2.4mi
7/10
Emerson Elementary School
Public,•K-5•2.5mi
7/10
Washington Elementary School
Public,•K-5•2.6mi
5/10
Oxford Elementary School
Public,•K-5•4.0mi
7/10
Cragmont Elementary School
Public,•K-5•4.4mi
4/10
Anna Yates Elementary School
Public,•K-8•0.8mi
2/10
Westlake Middle School
Public,•6-8•1.2mi
3/10
West Oakland Middle School
Public,•6-8•1.6mi
6/10
Claremont Middle School
Public,•6-8•1.6mi
8/10
Willard Middle School
Public,•6-8•2.2mi
5/10
Emery Secondary School
Public,•9-12•0.7mi
2/10
Oakland International High School
Public,•9-12•0.7mi
3/10
Mcclymonds High School
Public,•9-12•0.9mi
7/10
Oakland Technical High School
Public,•9-12•1.0mi
8/10
Berkeley High School
Public,•9-12•2.7mi
2/10
Fremont High
Public,•9-12•5.1mi
Condition Rating
Poor
Built in 1910, this quadruplex is over a century old. The listing provides no information or images of the interior, including kitchens and bathrooms, nor any mention of recent renovations. The single exterior image shows an aged building with older windows, suggesting a lack of modern updates. Given its age and the absence of renovation details, it is highly probable that all major systems (electrical, plumbing, HVAC), kitchens, and bathrooms are severely outdated and require substantial repairs and rehabilitation to meet current safety, functionality, and aesthetic standards. The property analysis also highlights a 'high likelihood of requiring extensive capital expenditures for system upgrades... and modernization.'
Pros & Cons
Pros
Income-Generating Asset: As a 'Residential Income' property and specifically a 'Quadruplex,' it offers significant potential for multiple rental income streams, making it an attractive investment opportunity.
Strategic Location: Located in 'NORTH OAKLAND' and described as a 'Convenient location,' suggesting excellent access to urban amenities, transportation, and a strong rental market.
Investment Potential: Explicitly marketed as a 'Great investment,' this property is ideal for investors seeking to expand their portfolio or generate passive income.
Substantial Lot Size: The 4000 sq ft lot provides a generous footprint for a multi-unit property, potentially offering outdoor space for tenants or future development opportunities (subject to local zoning).
Proximity to Quality Schools: The property benefits from being near several public schools, including highly-rated options like Peralta Elementary (rating 8) and Oakland Technical High School (rating 7), which can attract families.
Cons
Historic Age & Condition: Built in 1910, the property is over a century old, indicating a high likelihood of requiring extensive capital expenditures for system upgrades (plumbing, electrical), structural repairs, and modernization to meet current standards and tenant demands.
Insufficient Property Information: The extremely brief description ('Great investment. Convenient location.') lacks critical details regarding the current condition of individual units, rental income, recent renovations, or specific features, which could create uncertainty for buyers and necessitate extensive due diligence.
High Renovation & Maintenance Burden: Given its age and multi-unit configuration, the property is prone to substantial ongoing maintenance and potential renovation costs, which could significantly impact immediate cash flow and require a considerable upfront investment from the buyer.