5659 Telegraph, Oakland, California 94609, Oakland, 94609 - bed, bath
ACTIVE$1,100,000
5659 Telegraph, Oakland, California 94609
0Bed
0Bath
Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Neighborhood: Nestled in the highly sought-after Upper Telegraph/Bushrod neighborhood, indicating a desirable and high-demand area for residents and investors.
Top Cons:
Age of Property & Potential System Updates: Built in 1943, the property, despite being described as well-maintained, may have older infrastructure (plumbing, electrical, HVAC) that could require significant capital expenditures for modernization or replacement in the future.
Compared to the nearby listings
Price:$1.10M vs avg $975.0K (+$125,000)67%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1943 (82 years old).
Condition: Built in 1943, this quadruplex shows significant signs of age and deferred maintenance. The images reveal very dated interiors, including worn hardwood floors, old carpeting, and a kitchen with severely worn cabinets (one broken), older countertops, and basic appliances. There's no evidence of recent major renovations, and the overall condition suggests substantial rehabilitation is required to bring the units to a modern, comfortable standard. While currently tenant-occupied, the property is in a state that necessitates considerable repairs and updates.
Year Built
1943
Close
-
List price
$1.1M
Original List price
$1.3M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41072509
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.
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 quadruplex shows significant signs of age and deferred maintenance. The images reveal very dated interiors, including worn hardwood floors, old carpeting, and a kitchen with severely worn cabinets (one broken), older countertops, and basic appliances. There's no evidence of recent major renovations, and the overall condition suggests substantial rehabilitation is required to bring the units to a modern, comfortable standard. While currently tenant-occupied, the property is in a state that necessitates considerable repairs and updates.
Pros & Cons
Pros
Prime Location & Neighborhood: Nestled in the highly sought-after Upper Telegraph/Bushrod neighborhood, indicating a desirable and high-demand area for residents and investors.
Excellent Accessibility & Proximity: Offers convenient access to UC Berkeley, Alta Bates Hospital, major highways (24, I-580), and public transportation (AC Transit, BART), appealing to a broad tenant base including students and medical professionals.
Multi-Unit Income Property: A quadruplex featuring two 2-bedroom and two 1-bedroom units, providing a diversified income stream and a stable investment opportunity in a consistent neighborhood.
Stable Tenancy & Immediate Income Potential: One unit is currently vacant, allowing for immediate market-rate rent adjustment or owner-occupancy, while the remaining units are occupied by reliable long-term tenants, ensuring consistent cash flow.
Abundant Local Amenities & Versatile Income: Residents benefit from nearby dining options and grocery stores like Whole Foods and Safeway, enhancing tenant appeal. The property also offers potential for Airbnb rentals, adding income versatility.
Cons
Age of Property & Potential System Updates: Built in 1943, the property, despite being described as well-maintained, may have older infrastructure (plumbing, electrical, HVAC) that could require significant capital expenditures for modernization or replacement in the future.
Price Reductions & Market Perception: The property has undergone multiple price reductions from its original list price of $1.3M to $1.1M, which may indicate initial overpricing or a struggle to attract buyers at higher price points, potentially signaling market resistance.
Rent Control & Tenant Protections: As a multi-unit property in Oakland, it is subject to the city's rent control and tenant protection ordinances, which can limit rent increases on occupied units and add complexity to tenant management, potentially impacting future income growth.