7106 Lockwood St, California, Oakland, 94621 - bed, bath
7106 Lockwood St
California
Property Price
SUMMARY
Analysis of 7106 Lockwood St, California is currently available with a list price of $749,999. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the California Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
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 The presence of window AC units suggests outdated cooling systems.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.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income Potential
The property is a fully occupied triplex generating income at close to market value, making it an attractive investment opportunity.
- Central Location
Described as 'centrally located,' which typically offers convenient access to amenities, transportation, and a strong tenant pool.
- Value-Add Opportunity
The two-car garage, currently used for storage, presents significant potential for conversion into an additional income-generating unit.
CONSRISKS & DEFICIENCIES
- Advanced Property Age
Built in 1930, the property is over 90 years old, suggesting potential for outdated systems (plumbing, electrical) and significant deferred maintenance or renovation needs.
- Extended Time on Market
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.
- Unverified Lot Size
The description explicitly states 'Buyer to verify lot size,' which could imply potential discrepancies or require additional due diligence, adding uncertainty for prospective buyers.
About 7106 Lockwood St
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1930
- Lot Size
- 4,880 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | - | - | 50% |
| Lot Size | 4,880 | 5,300 | 43% |
| Price | $750.0K | $585.0K | 71% |
| Price per sq ft | $0 | $0 | 50% |
| Built year | 1930 | 1940 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 2772 | 165 | 0% |
Pricing History
Listed for Sale
Aug 4, 2018
$749,999
Initial Listing