667 10th St, Oakland, California 94607, Oakland, 94607 - 0 bed, 0 bath
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Oakland, California 94607
This 1909 Victorian fourplex represents a Strong Value Opportunity, listed at $895,000—positioned well below the $952,397 Fair Market Value by 6%. This valuation gap offers $57,397 in Instant Equity for the buyer. With a Condition Rating of 4, the property features a new 2025 roof and significant rental upside through unit modernization. Its central downtown location and mixed-use zoning provide long-term density potential. This asset is an ideal acquisition for Buy-and-Hold Investors or owner-occupants seeking a value-add multifamily project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 667 10th St Subject | $895,000* List Price | 0 | 0 | 4,816 | $198 | - |
A 1502 8th St Sold | $1,125,000 | 0 | 0 | 5,510 | $204 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1909 Victorian is well-maintained with a brand-new 2025 roof, but the interior retains 'original character' including dated built-ins and older window styles. As a 'value-add' opportunity with original features, the kitchens and baths likely exceed the 20-year age threshold for modern standards, requiring updates to achieve market rents.
Priced at a highly competitive $186/SF, the property offers substantial rental upside with the potential to increase Net Operating Income from $58,000 to $82,000 as units transition to market rates.
Situated in the heart of downtown Oakland, the property boasts exceptional walkability and access to BART, major freeways (I-980/I-580), and the city's primary employment and retail hubs.
The installation of a brand-new 2025 roof removes the largest near-term capital expense, providing immediate value and protecting the building's historic Victorian character.
Built in 1909, the property likely requires ongoing maintenance and potential upgrades to aging plumbing and electrical systems inherent in century-old Victorian structures.
The presence of only three gas meters for four units necessitates owner involvement in utility payments, complicating expense management and preventing a total utility pass-through to tenants.
A 1909 Victorian fourplex in the heart of downtown Oakland, priced at $186/SF in one of the city's most central addresses. The building carries its original character — bay windows, built-in cabinetry, hardwood floors — and the new 2025 roof takes the largest near-term capital item off the table. Gross annual rents of $96,756 grow to $125,484 at market as the vacant 2BR leases at $2,700 and the long-tenured 3BR turns toward $3,200, lifting net operating income from $58,000 to $82,000. Four electric meters and three gas meters keep operations clean, with the owner paying only garbage. The studio and adjacent 2BR can be combined into a larger unit, and the property's downtown mixed-use zoning opens a long-horizon density play. Minutes from BART, I-980/I-580, and downtown's full retail and employment core — a fourplex built for an owner-occupier, first-time multifamily buyer, or value-add investor ready to step into Oakland's core.
No exterior & parking available.
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 | 4,816 | 2,042 | 78% |
| Lot Size | 2,298 | 3,448 | 22% |
| Price | $895.0K | $710.0K | 67% |
| Price per sq ft | $186 | $356 | 11% |
| Built year | 1909 | 1895 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 108 | 11% |
May 26, 2026
$895,000
Initial Listing