4624 Fairfax Avenue, Oakland, California 94601, Oakland, 94601 - bed, bath
4624 Fairfax Avenue
Oakland, California 94601
Property Price
SUMMARY
Analysis of 4624 Fairfax Avenue, Oakland, California 94601 is currently available with a list price of $1,499,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1971, is described as 'updated and in good condition' and 'well cared for 10 years by the current owner.' The images support this, showing fresh paint, clean carpets, and relatively new vinyl plank flooring. The kitchen features a newer stainless steel gas range, although the cabinets and laminate countertops are basic and somewhat dated in style. Bathrooms are clean and functional with basic vanities and fixtures. While the overall aesthetic is not modern, the property is move-in ready with no immediate renovations required, and major systems appear well-maintained, aligning with the 'Good' condition criteria for a rental property.
PROSSTRENGTHS & OPPORTUNITIES
- Multifamily Investment Opportunity
A fourplex located in Oakland's high-demand rental market, presenting an excellent investment for both seasoned and first-time multifamily buyers.
- Significant Rental Upside Potential
Current rents for the 4-bedroom units are below market value, offering a clear opportunity for increased income and maximized returns upon lease renewals.
- Strong In-Place Cash Flow & Low Maintenance
The property is described as having strong existing cash flow and low-maintenance systems, contributing to immediate profitability and operational efficiency.
CONSRISKS & DEFICIENCIES
- Below-Average School Ratings
Nearby public schools generally have low ratings (2-3), which could be a deterrent for prospective tenants with families seeking higher-rated educational options.
- Recent Price Reductions
The property has undergone significant price reductions from its original listing, potentially indicating an initial overvaluation or market resistance at higher price points.
- Age of Property
Built in 1971, the property is over 50 years old, which, despite current good condition, may imply older infrastructure that could lead to higher long-term maintenance costs.
About 4624 Fairfax Avenue
Bring your investors to this Fourplex in Oakland! Invest in Oakland's promising real estate market. High demand for rentals in this area makes this an excellent investment opportunity. With strong in-place cash flow and low-maintenance systems, this is a low-risk, high-upside investment ideal for both seasoned and first-time multifamily buyers. This property has been well cared for 10 years by the current owner and is ready for new ownership. Great location close to Cortland Creek Park. Section 8 Tenants. Large Units - 4 bedrooms updated and in good condition. Current rents are below market for 4 bedroom units so there is upside. Sewer Lateral Compliant. Call Sandhya for any questions!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1971
- Lot Size
- 9,720 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Horace Mann Elementary School
Grades K-5 • 0.5 mi
United For Success Academy
Grades 6-8 • 0.7 mi
Urban Promise Academy
Grades 6-8 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,730 | - | 90% |
| Lot Size | 9,720 | 4,302 | 90% |
| Price | $1.50M | $601.0K | 90% |
| Price per sq ft | $317 | $0 | 70% |
| Built year | 1971 | 1946 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 241 | 226 | 0% |
Pricing History
Listed for Sale
Oct 1, 2025
$1,499,000
$1,599,000
-6% Price Drop
Initial Listing
Price Change
Sep 15, 2025
$1,599,000
Initial Listing
Price Change
Jul 9, 2025
$1,695,000
Initial Listing