553 34th St, Oakland, California 94609, Oakland, 94609 - bed, bath
ACTIVE$725,000
553 34th St, Oakland, California 94609
0Bed
0Bath
Sqft
4,646Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: This property is a fourplex, offering multiple income streams and strong rental potential, making it an attractive residential income investment.
Top Cons:
Age of Property: Built in 1912, the property is over a century old, which may imply potential for deferred maintenance, outdated systems, or higher renovation costs to meet modern standards.
Compared to the nearby listings
Price:$725.0K vs avg $925.0K ($-200,000)33%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1912 (113 years old).
Condition: Built in 1912, this property's interiors, especially the kitchens and visible bathrooms, are severely outdated, reflecting renovations from 30-50+ years ago. The kitchens feature dark, dated cabinets, worn laminate countertops, old appliances, and linoleum flooring. Throughout the units, there is extensive use of old wood and orange paneling, worn carpets, and older hardwood floors. While the structure appears livable, the overall condition suggests major systems and finishes require substantial repairs and rehabilitation to meet modern standards, aligning with the 'poor' classification.
Year Built
1912
Close
-
List price
$725K
Original List price
$780K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41118520
Home ConditionPoor
Features
Patio
View-
About this home
Prime investment opportunity in Oakland’s Temescal/Pill Hill corridor! 553 34th St is a fourplex property offering strong rental potential and multiple value-add possibilities. Ideal for investors or owner-occupants looking to live in one unit and let the others offset expenses while building long-term equity. Located minutes from MacArthur BART, Kaiser, freeway access (580, 24, 80), and retail including Whole Foods, Sprouts, Target, and Temescal’s award-winning restaurants.
Nearby schools
2/10
Hoover Elementary School
Public,•K-5•0.4mi
2/10
Emerson Elementary School
Public,•K-5•1.0mi
2/10
Piedmont Avenue Elementary School
Public,•K-5•1.1mi
1/10
Lafayette Elementary School
Public,•2-5•1.3mi
8/10
Lincoln Elementary School
Public,•K-5•1.6mi
2/10
Westlake Middle School
Public,•6-8•0.7mi
3/10
Mcclymonds High School
Public,•9-12•0.7mi
2/10
Oakland International High School
Public,•9-12•0.9mi
7/10
Oakland Technical High School
Public,•9-12•1.0mi
2/10
Fremont High
Public,•9-12•4.6mi
Condition Rating
Poor
Built in 1912, this property's interiors, especially the kitchens and visible bathrooms, are severely outdated, reflecting renovations from 30-50+ years ago. The kitchens feature dark, dated cabinets, worn laminate countertops, old appliances, and linoleum flooring. Throughout the units, there is extensive use of old wood and orange paneling, worn carpets, and older hardwood floors. While the structure appears livable, the overall condition suggests major systems and finishes require substantial repairs and rehabilitation to meet modern standards, aligning with the 'poor' classification.
Pros & Cons
Pros
Multi-Unit Income Property: This property is a fourplex, offering multiple income streams and strong rental potential, making it an attractive residential income investment.
Value-Add Potential: The description explicitly highlights 'multiple value-add possibilities,' suggesting opportunities for investors to increase property value and rental income through renovations or improvements.
Excellent Location & Accessibility: Strategically located minutes from MacArthur BART, Kaiser, and major freeway access (580, 24, 80), providing superb connectivity for residents.
Proximity to Amenities: The property benefits from being close to essential retail (Whole Foods, Sprouts, Target) and Temescal’s acclaimed restaurants, enhancing tenant appeal and convenience.
Versatile Buyer Appeal: Ideal for both traditional investors seeking rental income and owner-occupants looking to live in one unit while offsetting expenses with rental income from the others.
Cons
Age of Property: Built in 1912, the property is over a century old, which may imply potential for deferred maintenance, outdated systems, or higher renovation costs to meet modern standards.
Recent Price Reduction: The listing price has been reduced from $780,000 to $725,000, which could indicate initial overpricing or a lack of strong buyer interest at the higher price point.
Lower-Rated Nearby Schools: Several public schools in the immediate vicinity have low ratings (e.g., 1s and 2s), which might be a deterrent for families with school-aged children, potentially limiting a segment of the tenant or buyer pool.