5651 Telegraph, Oakland, California 94609, Oakland, 94609 - 0 bed, 0 bath
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Oakland, California 94609
This Multi-Unit Residential Income Asset is listed at $1,100,000, situated in the high-demand Lower Temescal neighborhood. While the $768,393 Fair Market Value reflects the property's current Poor Condition Rating, the list price is supported by Strong Rental Demand near UC Berkeley and Alta Bates Hospital. This 1943 quadruplex, featuring four diversified units, offers a significant Value-Add opportunity through interior rehabilitation and modernization. Proximity to Top-Rated Schools like Peralta Elementary and Berkeley High School further stabilizes long-term occupancy. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5651 Telegraph Subject | $1,100,000* List Price | 0 | 0 | 5,000 | $154 | - |
A 573 59th St Sold | $1,060,000 | 0 | 0 | 4,550 | $233 | 0.2 mi |
B 5659 Telegraph Ave Active | $1,100,000 List Price | 0 | 0 | 0 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1943, this property shows significant age and wear in its interior spaces. The kitchen features very dated white appliances, worn cabinets, and old linoleum flooring, indicating renovations likely 30-50 years ago. The bathroom also presents with outdated tile work, a worn tub, and older fixtures. While the listing mentions 'well-maintained,' the visual evidence suggests that the interior finishes and key systems (kitchen, bathroom) require substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Explicitly described as a 'fantastic investment opportunity' and a 'rare and valuable find' in a highly desirable neighborhood, indicating strong potential for appreciation and rental income.
Situated in the Upper Telegraph/Bushrod neighborhood, minutes from UC Berkeley and Alta Bates Hospital, attracting a consistent pool of renters including college students and traveling nurses.
The property caters to high-demand tenant demographics such as college students, traveling nurses, and commuters, ensuring robust occupancy rates.
Built in 1943, while stated as 'well-maintained,' older properties may incur higher long-term maintenance costs for systems (plumbing, electrical, HVAC) and could require significant capital expenditure for modern upgrades to maximize rental potential.
The description lacks detailed information on the interior condition, specific amenities, or recent renovations within individual units, which could imply standard or outdated finishes that may not command premium rents.
Although offering flexibility, the current vacancy represents immediate lost income and potential costs for turnover (cleaning, repairs, marketing) before a new tenant is secured, impacting initial cash flow.
Fantastic investment opportunity in the highly desirable Upper Telegraph/Bushrod neighborhood—just minutes from UC Berkeley and Alta Bates Hospital. This well-maintained 4-plex features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, with one unit currently vacant and the others occupied by reliable long-term tenants. Ideal for college students, traveling nurses, or commuters, the location offers easy access to Highway 24, I-580, AC Transit, and BART. Nestled on a block with seven nearly identical 4-plexes, this property combines strong rental demand with excellent accessibility, making it a rare and valuable find.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 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 | 5,000 | 2,499 | 93% |
| Lot Size | 5,000 | 4,118 | 80% |
| Price | $1.10M | $750.0K | 73% |
| Price per sq ft | $220 | $266 | 13% |
| Built year | 1943 | 1918 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 201 | 169 | 73% |
Oct 3, 2025
$1,100,000
Initial Listing