615 Hillsborough St, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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Oakland, California 94606
This quadruplex presents a High-Potential Investment Opportunity with a List Price of $998,000—positioned well below the $1,130,997 Fair Market Value by 11%. This valuation gap offers $132,997 in Instant Equity. Featuring a Condition Rating of 3, the property includes recent capital improvements like a 2024 roof and dual-pane windows. With a Walk Score of 91 near Lake Merritt and SB721 compliance, this is a stable, rental-ready asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 615 Hillsborough St Subject | $998,000* List Price | 0 | 0 | 3,706 | $305 | - |
A 650 650 Hillsborough St Sold | $1,005,000 | 0 | 0 | 3,804 | $264 | 0.1 mi |
B 1501 First Ave. Sold | $965,000 | 0 | 0 | 0 | 0.6 mi | |
C 905 E 24th St Pending | $879,000 List Price | 0 | 0 | 3,211 | $274 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1940, the property has undergone significant recent capital improvements including a new roof (2024), new dual-pane windows (2024), and a new fence (2025). It is SB721 compliant, indicating structural safety. The exterior appears well-maintained, though the lack of interior detail on kitchens and baths prevents an 'excellent' rating.
Elementary School: Crocker Highlands Elementary School (9/10).
Boasting a Walk Score of 91 and situated just two blocks from Lake Merritt, this property offers tenants unparalleled access to the dining and shopping hubs of Lakeshore and Grand Lake, ensuring high rental demand.
The property features significant recent upgrades including a new roof (2024), dual-pane windows throughout (2024), and a new back fence (2025), greatly reducing immediate deferred maintenance costs for a new investor.
While some local schools perform well, several assigned middle and high schools have low ratings (2-4), which may impact the long-term appeal for families and affect future appreciation potential.
Despite recent exterior and window upgrades, the 1940s construction may still require ongoing attention to legacy systems such as original plumbing or electrical components common in buildings of this era.
Located just two blocks from Lake Merritt in Cleveland Heights, this fourplex offers four identical units, each with 2 bedrooms, 1 bath, and formal living and dining rooms. With a Walk Score of 91, the property enjoys convenient access to Lakeshore Avenue and Grand Lake's restaurants, neighborhood cafes, and shops, making it a desirable location for tenants. Major improvements have been completed in recent years, including dual-pane windows throughout (2024), a new roof (2024), and a new back fence (2025). Property is also SB721 compliant.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 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 | 3,706 | 2,312 | 63% |
| Lot Size | 4,262 | 4,272 | 50% |
| Price | $998.0K | $981.5K | 50% |
| Price per sq ft | $269 | $293 | 38% |
| Built year | 1940 | 1924 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 205 | 13% |
Jun 4, 2026
$998,000
Initial Listing