5659 Telegraph Ave, Oakland, California 94609, Oakland, 94609 - 0 bed, 0 bath
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Oakland, California 94609
This Value-Add Quadruplex Asset is listed at $1,100,000, representing a strategic entry into the high-demand Upper Telegraph/Bushrod corridor. Positioned near the $1,004,252 Fair Market Value, the property commands a location premium due to its proximity to UC Berkeley and the 8-rated Peralta Elementary. With a Condition Rating of 5, the 1943 structure requires comprehensive rehabilitation, offering a clear path to forced appreciation through modernization. Featuring a Distant City Skyline View and strong rental demand from nearby medical and academic hubs, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Property is extensive renovation needed.
Built in 1943, the property's interiors, particularly the kitchens and bathrooms, are significantly outdated and show substantial wear and tear. While some appliances may be newer, the overall condition of cabinets, countertops, flooring, and bathroom fixtures suggests a need for extensive rehabilitation rather than minor updates. Visible issues include worn carpets, dated tile, exposed water heaters in kitchens, and ceiling discoloration in bathrooms, indicating deferred maintenance and a condition that is far from modern standards.
Nestled in the highly sought-after Upper Telegraph/Bushrod neighborhood, offering proximity to UC Berkeley, Alta Bates Hospital, major highways (24, I-580), and public transportation (AC Transit, BART).
Ideally suited for college students, traveling nurses, and others who value accessibility, indicating a consistent and robust tenant pool in a high-demand area.
Features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with one unit currently vacant, providing immediate income potential and an opportunity to optimize rent.
Built in 1943, the property, despite being described as 'well-maintained,' may require significant capital expenditures for aging infrastructure, systems (plumbing, electrical, HVAC), or structural components in the future.
While generally stated as 'well-maintained,' the description lacks specific details on the current interior condition or recent upgrades of individual units, which could lead to unforeseen renovation or repair costs.
Managing a four-unit property with existing long-term tenants and one vacant unit can involve significant landlord responsibilities, including tenant relations, maintenance coordination, and navigating local rental regulations.
GREAT OPPORTUNITY! Nestled in the highly sought-after Upper Telegraph/Bushrod neighborhood, making it a prime opportunity for those seeking proximity to UC Berkeley and Alta Bates Hospital. With convenient access to Highway 24, I-580, and public transportation options like AC Transit and BART stations, it is ideally suited for college students, traveling nurses, and others who value accessibility. The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with one unit currently vacant and the rest occupied by reliable long-term tenants. Situated on a block with seven nearly identical 4-plexes, this well-maintained property offers a stable investment opportunity in a high-demand area. Residents can enjoy nearby dining options and grocery stores like Whole Foods and Safeway, enhancing the property's appeal. Additionally, the potential for Airbnb rentals adds versatility, making this an attractive option for investors looking to capitalize on a desirable location with strong rental demand.
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 | 2,916 | 2,499 | 73% |
| Lot Size | 5,000 | 4,118 | 80% |
| Price | $1.10M | $750.0K | 73% |
| Price per sq ft | $377 | $286 | 67% |
| Built year | 1943 | 1918 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 99 | 169 | 33% |
Jan 13, 2026
$1,100,000
Initial Listing