603 Madison Street, Oakland, California 94607, Oakland, 94607 - 0 bed, 0 bath
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Oakland, California 94607
Analysis of 603 Madison Street, Oakland, California 94607 is currently available with a list price of $879,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a well-maintained 1910 build that is move-in ready but features dated interiors. Kitchens and bathrooms show renovations likely from 15 to 25 years ago, including oak cabinetry, basic square tile backsplashes, and older wall heating units. While functional and clean, the fixtures, fluorescent lighting, and appliances are outdated and do not meet modern 'excellent' or 'good' renovation standards.
With three of the four units delivered vacant, this property offers immediate flexibility for owner-users or investors to implement a short-term rental strategy or lease-up at current market rates without tenant relocation hurdles.
The provision of one dedicated garage space per unit is an exceptional value-add in the dense Chinatown and Downtown Oakland area, significantly enhancing tenant appeal and rental premium potential.
Boasting a high-density urban location near BART, major freeways, and vibrant dining hubs, the property is perfectly positioned to attract long-term commuters and urban professionals.
Built in 1910, the property may require more frequent maintenance and potential capital improvements to aging systems compared to modern builds, which could impact long-term cash flow.
The 2,500-square-foot lot is relatively compact for a four-unit building, offering minimal private or shared outdoor space for residents and limited potential for future footprint expansion.
Welcome to this well-maintained four-unit income property located near the heart of Oaklands vibrant Chinatown and downtown amenities. Each of the four units features 2 bedrooms and 1 bathroom, all fully permitted with a practical layout that appeals to long-term tenants or investors. Three units will be delivered vacant and one unit is currently occupied, offering flexibility for owner-users, short-term rental strategy, or immediate lease-up at market rent. The building is in good, functional condition and includes a shared washer/dryer for all residents, plus one garage space per unit, providing rare convenience and added value Centrally located near shops, dining, public transportation, major freeways, and a quick trip to BART. Buyers to do a 1031 exchange at no cost to the buyers.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 2.6 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 | 2,460 | 2,042 | 56% |
| Lot Size | 2,500 | 3,448 | 22% |
| Price | $879.0K | $727.0K | 78% |
| Price per sq ft | $357 | $337 | 67% |
| Built year | 1910 | 1902 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 175 | 11% |
Mar 19, 2026
$879,000
Initial Listing
Apr 29, 1997
$170,000
Public Record