5659 Telegraph Ave, Oakland, California 94609, Oakland, 94609 - bed, bath
ACTIVE$1,100,000/sqft
5659 Telegraph Ave, Oakland, California 94609
0Bed
0Bath
Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location & Neighborhood: Nestled in the highly sought-after Upper Telegraph/Bushrod neighborhood, offering prime proximity to UC Berkeley and Alta Bates Hospital, which attracts a strong and consistent tenant base.
Top Cons:
Property Age & Potential for Capital Expenditures: Built in 1943, the property, despite being described as 'well-maintained,' may require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or general modernization in the near future.
Compared to the nearby listings
Price:$1.10M vs avg $992.5K (+$107,500)71%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1943 (83 years old).
Condition: Built in 1943, this property shows significant signs of age and deferred maintenance across its units. While the exterior has been painted, the interiors feature very dated kitchens with old cabinets, worn countertops, and an exposed water heater in one unit. Bathrooms are also very old, with outdated fixtures, tiles, and visible ceiling discoloration/stains. Flooring is a mix of worn hardwood and old, stained carpets. Light fixtures are basic and old. The overall condition suggests a need for substantial repairs and rehabilitation to address the visible wear, outdated systems, and general lack of modernization, making it uncomfortable to live in its current state without significant investment.
Year Built
1943
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41120723
Home ConditionPoor
Features
Good View:
View-
About this home
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.
M
Markus Brown
Listing Agent
Nearby schools
1/10
Sankofa Academy
Public,•PK-5•0.4mi
8/10
Peralta Elementary School
Public,•K-5•0.5mi
6/10
Malcolm X Elementary School
Public,•K-5•0.9mi
6/10
Leconte Elementary School
Public,•K-5•1.0mi
6/10
John Muir Elementary School
Public,•K-5•1.3mi
7/10
Emerson Elementary School
Public,•K-5•1.4mi
6/10
Claremont Middle School
Public,•6-8•0.6mi
8/10
Willard Middle School
Public,•6-8•1.2mi
2/10
Oakland International High School
Public,•9-12•0.6mi
7/10
Oakland Technical High School
Public,•9-12•0.9mi
8/10
Berkeley High School
Public,•9-12•1.9mi
2/10
Fremont High
Public,•9-12•5.5mi
Condition Rating
Poor
Built in 1943, this property shows significant signs of age and deferred maintenance across its units. While the exterior has been painted, the interiors feature very dated kitchens with old cabinets, worn countertops, and an exposed water heater in one unit. Bathrooms are also very old, with outdated fixtures, tiles, and visible ceiling discoloration/stains. Flooring is a mix of worn hardwood and old, stained carpets. Light fixtures are basic and old. The overall condition suggests a need for substantial repairs and rehabilitation to address the visible wear, outdated systems, and general lack of modernization, making it uncomfortable to live in its current state without significant investment.
Pros & Cons
Pros
Exceptional Location & Neighborhood: Nestled in the highly sought-after Upper Telegraph/Bushrod neighborhood, offering prime proximity to UC Berkeley and Alta Bates Hospital, which attracts a strong and consistent tenant base.
Robust Transportation Access: Convenient access to major highways (24, I-580) and public transportation options like AC Transit and BART stations, making it highly desirable for commuters and students.
Diversified Income Stream (Quadruplex): Features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing multiple rental incomes and reducing vacancy risk compared to single-family properties.
High Rental Demand & Target Demographics: Ideally suited for college students, traveling nurses, and professionals who value accessibility, ensuring strong and consistent rental demand.
Investment Versatility & Potential: Offers potential for both traditional long-term rentals and short-term Airbnb rentals, providing investors with flexible income strategies in a high-demand area.
Cons
Property Age & Potential for Capital Expenditures: Built in 1943, the property, despite being described as 'well-maintained,' may require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or general modernization in the near future.
Lack of Detailed Unit Renovation Information: The description does not specify recent renovations or updates to individual units, which could impact current rental rates and may necessitate future investment to maximize tenant appeal and rental income.
Oakland Rent Control Considerations: As a multi-unit property in Oakland, it is likely subject to local rent control ordinances, which could limit future rent growth and impact long-term investment returns.