
Oakland, California 94606
This four-unit Multifamily Asset represents a High-Potential Investment Opportunity, listed at a List Price of $1,485,000—positioned slightly above the $1,412,797 Fair Market Value. Built in 1990, the property maintains a Condition Rating of 3, bolstered by $110,000 in recent capital improvements, including new roofs and renovated units. Featuring Lake Merritt views, covered parking, and a prime walkable location, this turnkey property minimizes deferred maintenance. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, low-maintenance income stream in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 459 Stow Ave Subject | $1,485,000* List Price | 0 | 0 | 2,610 | $541 | - |
A 2257 Park Blvd Sold | $1,090,000 | 0 | 0 | 2,728 | $400 | 0.3 mi |
B 459 Wayne Ave Sold | $1,450,000 | 0 | 0 | 2,547 | $569 | 0.0 mi |
C 2306 Ivy Dr Sold | $1,250,000 | 0 | 0 | 2,143 | $583 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1990, the property is newer than typical Oakland stock and has received $110k in recent capital improvements. While some units show dated 1990s oak cabinetry, the building features a fully renovated unit (<5y reno), new roofs, new water heaters, and dual-pane windows, qualifying it as a well-maintained, turnkey asset.
Elementary School: Crocker Highlands Elementary School (9/10).
Built in 1990 and recently enhanced with over $110,000 in capital improvements—including a new roof, dual-pane windows, and renovated units—this property offers significantly lower deferred maintenance than typical Oakland multifamily stock.
Situated just blocks from Lake Merritt and the vibrant Lakeshore and Grand Avenue corridors, the property boasts an outstanding walk score with immediate access to Trader Joe's, the Grand Lake Farmers Market, and popular dining.
While some local schools are highly rated, several assigned middle and high schools in the district have lower performance scores, which may impact appeal for long-term family tenants.
With the building footprint occupying a significant portion of the 3,000 square foot lot, there is minimal space for further structural expansion or the addition of detached Accessory Dwelling Units (ADUs).
To access the marketing package copy/paste: https://bit.ly/kitehillre Introducing 459 Stow Avenue, a rare opportunity to acquire a well-maintained four-unit apartment building in one of Oakland's most desirable neighborhoods. Built in 1990—a rarity in Oakland's multifamily market—the property features an attractive unit mix of (2) two-bedroom/one-bath units and (2) one-bedroom/one-bath units, making it ideal for a broad tenant base. Several units enjoy Lake Merritt views from their bedrooms and private balconies, while residents benefit from four covered parking spaces and on-site coin-operated laundry. The property has been meticulously maintained, with over $110,000 invested in capital improvements, significantly reducing deferred maintenance for future ownership. Recent upgrades include a fully renovated Unit 2 featuring a new kitchen, bathroom, flooring, cabinetry, countertops, and appliances, along with a remodeled Unit 4 bathroom. Additional improvements include new roofs and skylights, new water heaters, dual-pane windows, new fencing, renovated balconies, garage enhancements, and water-efficient fixture upgrades throughout the property, offering investors a truly turnkey asset. Ideally located just blocks from Lake Merritt, Lakeshore Avenue, and Grand Avenue, tenants enjoy easy access to Trader Joe's, the Grand Lake Farmers Market, restaurants, cafés, grocery stores, and everyday conveniences. With an outstanding walkable location, strong tenant appeal, newer construction than most Oakland apartment buildings, and pride of ownership throughout, 459 Stow Avenue presents a compelling opportunity to acquire a low-maintenance investment in one of the East Bay's most sought-after rental markets.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,610 | 2,530.25 |
| Lot Size | 3,000 | 4,390.625 |
| Price | $1.49M | $918.2K |
| Price per sq ft | $569 | $343 |
| Built year | 1990 | 1921 |
| HOA | $0 | $0 |
| Days on market | 29 | 66 |
Aug 11, 2026
$1,485,000
Initial Listing
Nov 13, 2019
$1,270,000
Public Record
Feb 18, 2010
$655,000
Public Record
Jul 26, 2006
$949,000
Public Record