
Oakland, California 94619
This 1950 mid-century triplex represents a Strong Value Opportunity, listed at $749,000—positioned well below the $830,528 Fair Market Value by 9%. This valuation gap provides $81,528 in Instant Equity. Featuring a Good Condition Rating, the property offers turnkey units with refinished hardwood floors and updated kitchens. The oversized 9,100 sq ft lot includes architectural renderings for expansion, making this a prime asset for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property in the desirable Laurel District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4144 Masterson St Subject | $749,000* List Price | 0 | 0 | 2,201 | $377 | - |
A 3829 Brookdale Ave Sold | $815,000 | 0 | 0 | 1,922 | $424 | 0.7 mi |
B 2801 38th Ave Sold | $850,000 | 0 | 0 | 0 | 0.6 mi | |
C 2802 38th Ave Active | $799,888 List Price | 0 | 0 | 2,400 | $333 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1950, the property is well-maintained and move-in ready with significant recent updates. Key improvements include a newer roof (approx. 4 years old), refinished hardwood floors, and new appliances across all units. Unit A features a modern renovation (<5 years), while Units B and C are 'refreshed' with original tile and cabinetry, placing the overall condition in the 'Good' category.
The oversized 9,100 sq ft lot includes architectural renderings for potential front-lot development or expansion, offering significant value-add opportunities for investors.
All three units are renovated and move-in ready, featuring refinished hardwood floors, updated kitchens, and new appliances, minimizing immediate capital expenditure.
Situated in a highly desirable neighborhood, the property offers excellent proximity to local amenities like Farmer Joe’s and easy access to major commuter routes I-580 and Hwy 13.
The assigned middle and high schools carry low ratings (2/10), which may deter family-oriented tenants and impact long-term resale appeal.
The property consists exclusively of 1-bedroom units, which can lead to higher tenant turnover compared to larger multi-bedroom configurations.
Excellent investment opportunity in Oakland’s desirable Laurel District. This 1950 mid-century triplex features three renovated, move-in-ready 1BD/1BA units, each offering a separate kitchen, living room, bedroom, and bath. Unit A showcases a sunlit living room, refinished hardwood floors, new appliances, and a beautifully updated kitchen with new countertops, cabinetry, and tile flooring. Units B and C feature refinished hardwood floors, refreshed kitchens with original tile countertops, wood cabinetry, and new appliances. Each unit enjoys abundant natural light, tree-lined outlooks, and a traditional single-level floor plan. The property offers approximately 2,100 sq ft of building area on a generous approximately 9,100 sq ft lot, with off-street parking, a spacious front yard, private backyard, and shared laundry room with individual hookups for each unit. The roof was replaced approximately 4+ years ago. Architectural renderings are available for potential front-lot development or expansion, offering added-value possibilities; buyer to verify. Conveniently located near Farmer Joe’s, Planet Fitness, Everett & Jones BBQ, Montclair Village, Joaquin Miller Park, Leona Canyon, and easy access to I-580 and Hwy 13.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 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 | 2,201 | 2,061.5 | 50% |
| Lot Size | 9,100 | 4,352 | 88% |
| Price | $749.0K | $832.5K | 38% |
| Price per sq ft | $340 | $348 | 50% |
| Built year | 1950 | 1938 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 131 | 13% |
May 25, 2026
$749,000
Initial Listing