
Oakland, California 94610
This 4-unit Residential Income Asset represents a High-Potential Investment Opportunity, listed at $1,299,000—positioned well below the $1,502,844 Fair Market Value by 13%. This valuation gap provides $203,844 in Instant Equity. Featuring a Condition Rating of 4, the property offers vintage charm with recent exterior upgrades. Located near top-tier schools like Crocker Highlands Elementary and Piedmont High, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand, income-generating property in the Grand Lake/Piedmont corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Fairbanks Ave Subject | $1,299,000* List Price | 0 | 0 | 3,112 | $483 | - |
A 829 Vermont St Sold | $1,218,000 | 0 | 0 | 2,547 | $478 | 0.2 mi |
B 455 Lagunitas Ave Active | $1,295,000 List Price | 0 | 0 | 4,095 | $316 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, this century-old property is well-maintained with a brand-new roof and fresh exterior paint. However, the description emphasizes 'original vintage details,' which typically indicates that kitchens and bathrooms have not undergone a full modern renovation in the last 15-30 years. While functional and move-in ready for tenants, it likely requires interior updates to systems and finishes to reach modern standards.
Elementary School: Crocker Highlands Elementary School (9/10). Middle School: Piedmont Middle School (9/10). High School: Piedmont High School (10/10).
Situated in the highly coveted Grand Lake/Lakeshore area on the Piedmont border, this property offers rare multi-family access to a high-demand, predominantly single-family neighborhood with excellent walkability.
The inclusion of a brand-new roof and fresh exterior paint provides immediate value and reduces near-term maintenance expenses for a prospective owner.
Dating back to 1924, the property may require specialized upkeep for its vintage components and aging infrastructure typical of century-old structures.
Operating a multi-unit property in Oakland involves navigating strict local rent control and tenant protection ordinances, which can limit immediate rent increases and management flexibility.
Rare 4-Unit Investment Opportunity in Coveted Grand Lake/Lakeshore Property Neighborhood A rare offering in one of Oakland's most sought-after and predominantly single-family neighborhoods — this well-maintained fourplex sits directly on the Grand Lake/Piedmont border, blending vintage character with income-generating flexibility. Spanning 3,112 square feet on a 7,100 square foot lot, the property features two spacious 2-bedroom units and two 1-bedroom units, offering an ideal mix for owner-occupants seeking rental income or investors building a portfolio in an exclusive, low-inventory pocket of the city. The lower 1 bedroom unit is exceptionally large with a living room, dining room and separate eating area Recent capital improvements include a brand-new roof and fresh exterior paint, protecting your investment for years to come, while original vintage details throughout — from period moldings to classic architectural touches — preserve the timeless charm this neighborhood is known for. Off-street parking adds valuable convenience in this walkable, high-demand corridor. Ideally located just moments from the shops, cafes, and restaurants of Grand Lake, Lakeshore & Piedmont Avenue and the scenic beauty of Lake Merritt, residents enjoy effortless access to some of Oakland's best dining, boutique shopping, and green space. Nearby transportation options make commuting a breeze, adding further appeal for tenants and owner-occupants alike. Opportunities to acquire multifamily property in this exclusive, single-family-dominant enclave are exceptionally rare. Don't miss this chance to own a piece of one of Oakland's premier neighborhoods.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,112 | 2,530.25 |
| Lot Size | 7,141 | 4,390.625 |
| Price | $1.30M | $918.2K |
| Price per sq ft | $417 | $343 |
| Built year | 1924 | 1921 |
| HOA | $0 | $0 |
| Days on market | 33 | 66 |
Aug 7, 2026
$1,299,000
Initial Listing
May 31, 2000
$494,500
Public Record