
Oakland, California 94601
This Value-Add Quadruplex is listed at $750,000, positioned near its $719,411 Fair Market Value, reflecting a stable entry price for a high-upside asset. Currently holding a Poor Condition Rating, the property features one fully gutted unit and requires structural deck repairs, offering significant potential for forced appreciation. The inclusion of four attached garages and on-site laundry enhances its competitive edge near Horace Mann Elementary and United For Success Academy. With two vacant units ready for renovation, this property is a strategic acquisition for Value-Add Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4810 Fairfax Subject | $790,000 | 0 | 0 | 3,905 | $192 | - |
A 5492 Ruth Ave Sold | $885,000 | 0 | 0 | 3,872 | $229 | 0.5 mi |
B 1620 46th Ave Sold | $560,000 | 0 | 0 | 2,652 | $211 | 0.6 mi |
C 4343 Brookdale Ave Pending | $599,000 List Price | 0 | 0 | 3,162 | $189 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961, this property requires significant rehab; one unit is fully gutted, and others feature original, deteriorating kitchens and baths with missing cabinetry and dated fixtures. The removal of the rear deck for safety compliance and the 'as-is' status further indicate substantial deferred maintenance and structural needs.
With one unit fully gutted and two units delivered vacant, this quadruplex offers a prime opportunity for investors to renovate, reposition the asset, and build significant equity while capturing peak market rents.
The property provides a stable financial foundation with existing income-generating units already performing at market value, offering immediate returns during the renovation of the vacant spaces.
The inclusion of four attached garage spaces and an on-site laundry room provides significant competitive advantages in the Oakland rental market, enhancing tenant retention and long-term appeal.
The property is sold strictly as-is and requires substantial capital expenditure, including a complete overhaul of one unit and ongoing structural repairs related to SB 721 deck compliance.
The surrounding public schools carry low ratings (mostly 2/10), which may limit the property's appeal to families and impact long-term appreciation compared to neighborhoods with higher-performing districts.
Opportunity meets income in this well-positioned multi-unit property! Spacious, livable bedrooms and baths make these units highly desirable for tenants. While one unit has walls and ceiling replacement in progress and is ready for your vision and upgrades, the remaining units are already generating income—giving you immediate cash flow. With two vacant units, investors and owner-occupants alike have flexibility to renovate, reposition, or lease at strong market rents. Current rents reflect market value, offering a solid foundation with room to increase returns through improvements. Ideal for investors seeking value-add potential with existing income in place. One unit needs repair, offering buyers the chance to renovate, reposition, and build equity. The rear exterior deck has been removed in compliance with SB 721; related repairs are currently in progress. The property includes four attached garage spaces and an on-site laundry room, adding everyday convenience and long-term rental appeal. Two units are currently available for viewing. Do not disturb other tenants. Held in trust and sold strictly As-Is, this sale may require up to three days for offer response and is subject to estate attorney review. Occupied units shown with accepted offer.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.9 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,905 | 2,530.25 |
| Lot Size | 5,220 | 4,390.625 |
| Price | $790.0K | $918.2K |
| Price per sq ft | $202 | $343 |
| Built year | 1961 | 1921 |
| HOA | $0 | $0 |
| Days on market | 139 | 66 |
Apr 23, 2026
$750,000
Initial Listing