7106 Lockwood St, California, Oakland, 94621 - 0 bed, 0 bath
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California
This Income-Generating Triplex is listed at $749,999, currently positioned above the $465,282 Fair Market Value. While the pricing reflects a premium over automated estimates, the asset delivers immediate cash flow as a fully occupied property with units performing near market value. Holding a Condition Score of 5, the 1930s structure exhibits deferred maintenance but offers a significant Value-Add Opportunity through the potential conversion of the two-car garage into an additional unit. This centrally located asset is a prime acquisition for Buy-and-Hold Investors or Value-Add Specialists seeking long-term appreciation in Oakland.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7106 Lockwood St Subject | $749,999* List Price | 0 | 0 | 1,994 | $233 | - |
A 7425 Weld Street Sold | $560,000 | 0 | 0 | 1,952 | $287 | 0.2 mi |
B 1304 1304 62nd Ave Pending | $529,500 List Price | 0 | 0 | 1,834 | $289 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this triplex shows significant signs of age and deferred maintenance. The exterior features faded and peeling paint, old windows, a worn chain-link fence, and a cracked driveway. The presence of window AC units suggests outdated cooling systems. While currently occupied, indicating it's livable, the overall condition points to a property requiring substantial repairs and rehabilitation, especially given the lack of any mentioned renovations and the absence of interior photos for kitchens and bathrooms, which are likely very dated and in need of full modernization.
The property is a fully occupied triplex generating income at close to market value, making it an attractive investment opportunity.
Described as 'centrally located,' which typically offers convenient access to amenities, transportation, and a strong tenant pool.
The two-car garage, currently used for storage, presents significant potential for conversion into an additional income-generating unit.
Built in 1930, the property is over 90 years old, suggesting potential for outdated systems (plumbing, electrical) and significant deferred maintenance or renovation needs.
The property has been listed since August 2018, indicating potential challenges with pricing, condition, or marketability that have prevented a sale for an extended period.
The description explicitly states 'Buyer to verify lot size,' which could imply potential discrepancies or require additional due diligence, adding uncertainty for prospective buyers.
Centrally located triplex for your next investment adventure. This property is fully occupied at close to market value. 2 units with 2 beds 1 bath. 1 unit 1 bed 1 bath situated on almost a 5000 SF lot. Buyer to verifly lot size. Built in 1930. Each unit is equipped with a washer/dryer, stove and refrigerator. property has tandem driveway and two car garage currently being used for storage, but has potential for another unit.
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 | 1,994 | 2,048.5 | 50% |
| Lot Size | 4,880 | 5,466.5 | 30% |
| Price | $750.0K | $560.0K | 80% |
| Price per sq ft | $376 | $237 | 80% |
| Built year | 1930 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 2818 | 190 | 0% |
May 5, 2023
$715,000
Public Record
Mar 8, 2022
$775,000
Public Record
Aug 4, 2018
$749,999
Initial Listing