5315 Cole St, Oakland, California 94601, Oakland, 94601 - 0 bed, 0 bath
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Oakland, California 94601
This Versatile Multi-Unit Asset is a Prime Investment Opportunity listed at $749,000—positioned well below the $778,341 Fair Market Value by 3%. This strategic pricing offers $29,341 in Instant Equity. While maintaining a Condition Rating of 4, the property features a 5,200 sqft lot with significant ADU Development Potential and proximity to Horace Mann Elementary. With a flexible configuration of up to four units and a proven rental history, this high-yield property is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on Oakland's rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5315 Cole St Subject | $749,000* List Price | 0 | 0 | 2,762 | $282 | - |
A 1507 48th Ave Sold | $750,000 | 0 | 0 | 2,308 | $325 | 0.6 mi |
B 1433 50th Ave Sold | $565,000 | 0 | 0 | 2,226 | $254 | 0.6 mi |
C 1620 46th Ave Pending | $559,000 List Price | 0 | 0 | 2,652 | $211 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1915, the property features some cosmetic updates like laminate flooring and recessed lighting, but remains dated overall. The presence of old wall heaters, visible surface-mounted wiring, and basic kitchenettes indicates that while functional and move-in ready for tenants, the systems and finishes are well over 20 years old and require modernization.
This early 20th-century fourplex offers exceptional flexibility, allowing owners to configure the property as a single-family home, duplex, triplex, or fourplex to maximize rental yields.
The generous 5,200 sqft lot includes a spacious backyard specifically noted for its potential to accommodate an Accessory Dwelling Unit (ADU), providing a clear path to increased property value.
The property boasts a high-demand rental history in the Fairfax community, offering investors a turnkey opportunity with established cash flow and strong market appeal.
Originally constructed in 1915, the property likely requires ongoing maintenance or significant capital improvements to modernize systems and meet current building standards.
The surrounding public schools carry low performance ratings (ranging from 1 to 3), which may limit the property's attractiveness to long-term family tenants and impact future appreciation.
Welcome to 5315 Cole St. In the Fairfax community. Prime Investment Opportunity with Strong Income Potential! This charming early 20th-century fourplex offers incredible flexibility: use it as a single-family home, duplex, triplex or fourplex to maximize your investment. With a fantastic location and a proven track record as a high-demand rental property, this is an ideal opportunity for investors or owner-occupants looking for additional income. The spacious backyard offers plenty of room for an ADU, further increasing rental potential. Don’t miss out on this rare chance to own a property with strong cash flow and endless possibilities!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades PK-8 • 0.5 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,762 | 2,564 | 60% |
| Lot Size | 5,200 | 4,912.5 | 50% |
| Price | $749.0K | $712.0K | 50% |
| Price per sq ft | $271 | $296 | 50% |
| Built year | 1915 | 1941 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 139 | 10% |
Apr 16, 2026
$749,000
Initial Listing
May 5, 2016
$457,000
Public Record
Mar 31, 2000
$264,500
Public Record
Mar 28, 1996
$120,000
Public Record