7341 Lockwood St, Oakland, California 94621, Oakland, 94621 - 0 bed, 0 bath
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Oakland, California 94621
This Income-Producing Duplex represents a high-yield asset listed at $399,999, positioned with price stability relative to its $391,922 Fair Market Value. The property generates immediate ROI with over $3,000 in monthly rental income from reliable, long-term tenants. Despite a Fair Condition Rating, the property offers significant Value-Add potential through cosmetic modernization. Essential infrastructure is secured with a gated entrance and a compliant sewer lateral valid for ten years. This is a low-maintenance acquisition perfectly suited for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7341 Lockwood St Subject | $399,999* List Price | 0 | 0 | 1,414 | $277 | - |
A 1226 73rd Ave Sold | $360,500 | 0 | 0 | 0 | 0.5 mi | |
B 7333 7333 Lockwood St Active | $449,888 List Price | 0 | 0 | 1,411 | $319 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this duplex is described as 'partially updated' and well-maintained, but visual evidence and the property's age place it in the fair category. The kitchens and bathrooms feature dated cabinetry, older appliances, and basic fixtures that, while functional for tenants, show signs of significant age and lack modern aesthetic appeal. The property requires minor updates and cosmetic repairs to meet current market standards for a 'good' condition rating.
The property generates over $3,000 in monthly rental income from reliable, long-term tenants, offering immediate ROI and a strong cap rate for investors.
The sewer lateral is already compliant with approximately 10 years of validity remaining, eliminating a common and costly point of concern for Oakland property owners.
The inclusion of a gated entrance provides added privacy and security, a highly desirable feature that increases tenant retention and property appeal.
Built in 1922, the property may require more frequent maintenance and potential upgrades to aging systems despite being partially updated.
The 2,500 sqft lot is relatively small for a duplex, limiting outdoor space for tenants and restricting potential for future physical expansion or ADU additions.
Investor Opportunity in Oakland! Well-maintained duplex featuring two tenant-occupied units with strong, reliable rental income and good long-term tenants already in place, cash flowing over $3K a month. The property is partially updated and offers a gated entrance for added security and privacy. The sewer lateral has been completed and is currently compliant with approximately 10 years of validity remaining, providing added peace of mind for investors. An excellent opportunity for investors seeking steady cash flow with value-add potential in a high-demand rental market. Ideal for those looking to expand their portfolio with a low-maintenance, income-producing property.
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 | 1,414 | 2,027.5 | 20% |
| Lot Size | 2,500 | 5,466.5 | 20% |
| Price | $400.0K | $541.0K | 20% |
| Price per sq ft | $283 | $237 | 60% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 155 | 40% |
Dec 16, 2025
$399,999
Initial Listing
Jun 30, 2015
$170,000
Public Record