
Oakland, California 94609
This Refreshed Fourplex represents a Strong Value Opportunity, listed at $1,075,000—positioned well below the $1,156,935 Fair Market Value by 7%. This valuation gap offers $81,935 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property offers turnkey, uniform 2-bedroom units with a private deck and updated finishes. Its strategic North Oakland location provides high rental demand near Berkeley and Emeryville. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5936 Martin Luther King Jr Way Subject | $1,075,000* List Price | 0 | 0 | 3,770 | $313 | - |
A 707 Aileen St Sold | $1,260,000 | 0 | 0 | 3,408 | $370 | 0.3 mi |
B 4722 4726 Shattuck Ave Sold | $1,100,000 | 0 | 0 | 0 | 0.8 mi | |
C 646 42nd St Active | $1,200,000 List Price | 0 | 0 | 3,286 | $365 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1943, the property has been significantly refreshed. The kitchens and bathrooms feature updated cabinetry and countertops consistent with a 10-15 year old renovation. The presence of dual-pane windows and well-maintained interiors makes it move-in ready and functional for tenants.
The property is ideally situated on the border of Berkeley and Emeryville, providing tenants with easy access to three major East Bay employment and cultural hubs, which drives high rental demand.
With refreshed interiors, updated kitchens, and well-maintained exteriors, this fourplex represents a pride-of-ownership asset that requires minimal immediate capital expenditure.
The building features four nearly identical 2-bedroom, 1-bathroom units with dedicated dining areas and ample storage, simplifying management and appealing to a wide range of quality tenants.
Being located on Martin Luther King Jr Way, a major thoroughfare, the property is subject to significant street noise and activity, which may deter tenants seeking a quiet residential environment.
While some nearby schools are highly rated, the immediate neighborhood elementary school has a very low rating, which could limit the property's appeal to families with school-aged children.
This rare and impressive fourplex offers approximately 3,800 square feet of living space and stands apart from other multifamily opportunities in the area. Situated on a large lot, the property showcases pride of ownership throughout, with attractive curb appeal and a well-maintained interior and exterior. Each of the four units features a spacious and nearly identical floor plan, offering comfortable two-bedroom, one-bathroom living. The thoughtfully designed layouts include inviting living rooms, dedicated dining areas, functional kitchens, generous bedroom sizes, ample closet space, and convenient pantry storage. The interiors have been refreshed with appealing finishes, creating a clean and contemporary feel. Kitchens feature updated cabinetry complemented by attractive countertops, while the bathrooms have also been tastefully refreshed. Neutral color palettes throughout the units create bright, cheerful living spaces that appeal to a wide range of tenants and owner-occupants alike. The property's exceptional condition is evident, with minimal signs of the typical wear and tear often found in multifamily buildings. The location is truly exceptional. Positioned in desirable North Oakland, the property enjoys the unique advantage of being just moments from both Berkeley and Emeryville. This sought-after corridor blends the charm of established neighborhoods with the convenience of vibrant shopping districts, popular cafes, local restaurants, cultural attractions, and everyday amenities. Residents benefit from the distinct character and lifestyle offerings of three dynamic East Bay communities while enjoying convenient access to public transportation and neighborhood-serving establishments. Whether you are seeking a strong income-producing investment, an owner-occupant opportunity, or a combination of both, this refreshed and versatile fourplex presents a unique opportunity. With its spacious units, excellent condition, large lot, and premier North Oakland location bordering Berkeley and Emeryville, this property represents a rare opportunity to own a well-maintained multifamily asset in one of the East Bay's most desirable and interconnected neighborhoods.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,770 | 2,547 |
| Lot Size | 6,655 | 4,475 |
| Price | $1.07M | $860.2K |
| Price per sq ft | $285 | $344 |
| Built year | 1943 | 1920 |
| HOA | $0 | $0 |
| Days on market | 48 | 56 |
Jun 4, 2026
$1,075,000
Initial Listing
Oct 29, 2004
$510,000
Public Record
Mar 3, 2003
$385,000
Public Record