
Oakland, California 94618
This Quadruplex Residential Income property is a Strong Value Opportunity, listed at $1,350,000—positioned well below the $1,456,583 Fair Market Value by 7%. This valuation gap offers $106,583 in Instant Equity. Featuring a Condition Rating of 3, the campus-style layout includes private decks and modern interior updates. With three units currently generating $129,600 annually and one unit delivered vacant, this asset provides immediate cash flow and flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a transit-oriented, supply-constrained North Oakland location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5154 Shafter Ave Subject | $1,350,000* List Price | 0 | 0 | 2,098 | $701 | - |
A 5570 Taft Ave Sold | $1,565,000 | 0 | 0 | 2,289 | $684 | 0.6 mi |
B 5332 Locksley Ave Sold | $1,300,000 | 0 | 0 | 1,791 | $726 | 0.2 mi |
C 4949 Coronado Ave Sold | $1,125,000 | 0 | 0 | 1,451 | $775 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structures range from 1880 to 1940, the interior images reveal significant modern renovations including recessed lighting, updated hardwood-style flooring, and contemporary kitchens with shaker cabinetry and modern appliances. The property appears well-maintained and move-in ready, though the overall age of the campus-style layout prevents an 'excellent' rating.
The property generates a robust gross annual income of approximately $129,600 from three units alone, with the fourth unit delivered vacant for immediate owner-occupancy or market-rate leasing.
The 'campus-style' configuration featuring detached cottages with private yards and in-unit laundry offers a level of privacy and autonomy that commands premium rents and attracts long-term tenants.
Situated in a supply-constrained area between Temescal and Rockridge, the property is just 0.6 miles from Rockridge BART, providing elite walkability to College Avenue and Whole Foods.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8360, other record lot size in square feet = 4652.
With structures dating back as far as the 1880s and 1910s, the property likely requires ongoing capital improvements and specialized maintenance for its aging systems and foundations.
Managing three separate structures on a single parcel increases the scope of exterior maintenance, roof repairs, and landscaping compared to a traditional consolidated multi-family building.
Three structures, four units, one North Oakland parcel between Temescal and Rockridge. 5154 Shafter Avenue pairs a 1940 stucco duplex with two detached cottages from the 1910s and 1880s — a campus-style layout that lives more like standalone homes than apartments. All four one-bedroom units carry private decks and in-unit laundry, with a real sense of separation; the two rear cottages add parking and private yards. Three units are leased at about $7,750 a month, roughly $93,000 a year, with rents already near market. The fourth cottage will be delivered vacant — ready to lease, reposition, or owner-occupy. Rockridge BART sits 0.6 miles off, with College Avenue, Temescal Alley, and Whole Foods close by. Tenants pay their own gas and electric. Detached homes, private outdoor space, and a supply-constrained location rarely meet at this entry point. Offered at $1,350,000 — about $643/SF and $337,500 per unit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,098 | 2,547 |
| Lot Size | 8,360 | 4,475 |
| Price | $1.35M | $860.2K |
| Price per sq ft | $643 | $344 |
| Built year | 1940 | 1920 |
| HOA | $0 | $0 |
| Days on market | 40 | 56 |
Jun 12, 2026
$1,350,000
Initial Listing
Sep 17, 1999
$510,000
Public Record