4031 Penniman Ave, Oakland, California 94619, Oakland, 94619 - 4 bed, 2 bath
4031 Penniman Ave
Oakland, California 94619
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4031 Penniman Ave Subject | $625,000* List Price | 4 | 2 | 1,450 | $431 | - |
A 3611 Virden Ave Sold | $775,000 | 3 | 3 | 1,462 | $530 | 1.0 mi |
B 3710 Wisconsin St Sold | $590,000 | 2 | 2 | 1,349 | $437 | 0.8 mi |
C 2721 Best Ave. Sold | $649,000 | 2 | 1 | 1,322 | $491 | 0.5 mi |
D 4616 Meldon Ave Sold | $625,000 | 3 | 2 | 1,856 | $337 | 0.4 mi |
E 2645 Maxwell Pending | $715,000 List Price | 4 | 2 | 1,653 | $433 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1954, this duplex is explicitly described as needing 'TLC' and is marketed as an investment opportunity or a 'canvas' for renovation. While the exterior appears structurally intact and maintained, the age of the property and the agent's description suggest that the kitchen, bathrooms, and major systems are likely outdated and show signs of wear, requiring minor to moderate updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
As a two-unit duplex with a total of 4 bedrooms, this property offers excellent flexibility for 'house hacking' or maximizing rental yield in a high-demand Oakland market.
- Strategic Location
Situated in the Allendale neighborhood with convenient access to BART, major highways, and local amenities, the property is ideally positioned for commuters and long-term appreciation.
- Value-Add Opportunity
Priced competitively at $625,000 with noted ADU potential, this property provides a significant opportunity for investors to build equity through strategic renovations and modernization.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is noted to need 'TLC,' indicating that immediate capital expenditure will be required to address repairs and bring the units up to contemporary market standards.
- Low School Ratings
The assigned public schools for this address currently hold low performance ratings, which may limit the property's appeal to long-term, family-oriented tenants or buyers.
About 4031 Penniman Ave
Welcome to 4031 Penniman Ave, a rare investment opportunity in the heart of Oakland’s desirable Allendale neighborhood! This single-level 2-unit duplex features a total of 4 bedrooms and 2 bathrooms across 1,450 sq. ft., offering incredible potential for homeowners and investors alike. Each unit boasts spacious living areas and private backyard access, providing the perfect canvas to create your dream space. While the home needs some TLC, its prime location and competitive price make it a fantastic value in today’s market. Whether you’re looking to renovate and rent, live in one unit and rent the other, or maximize your ROI, this property is a must-see! Perfect for future ADU. With easy access to highways, BART, shopping, and restaurants, 4031 Penniman Ave offers both convenience and potential in one of Oakland’s up-and-coming areas. Don’t miss out on this chance.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 3,590 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Allendale Elementary School
Grades K-5 • 0.2 mi
United For Success Academy
Grades 6-8 • 0.8 mi
Bret Harte Middle School
Grades 6-9 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 75% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,450 | 1,541 | 46% |
| Lot Size | 3,590 | 5,000 | 26% |
| Price | $625.0K | $880.0K | 15% |
| Price per sq ft | $431 | $626 | 11% |
| Built year | 1954 | 1933 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 174 | 163 | 61% |
Pricing History
Listed for Sale
Sep 14, 2025
$625,000
Initial Listing