7341 Lockwood St, Oakland, California 94621, Oakland, 94621 - bed, bath
7341 Lockwood St
Oakland, California 94621
Property Price
SUMMARY
Analysis of 7341 Lockwood St, Oakland, California 94621 is currently available with a list price of $399,999. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
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.
- Infrastructure Compliance
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.
- Enhanced Security
The inclusion of a gated entrance provides added privacy and security, a highly desirable feature that increases tenant retention and property appeal.
CONSRISKS & DEFICIENCIES
- Century-Old Structure
Built in 1922, the property may require more frequent maintenance and potential upgrades to aging systems despite being partially updated.
- Limited Lot Size
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.
About 7341 Lockwood St
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1922
- Lot Size
- 2,500 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 | 1,414 | 1,414 | 50% |
| Lot Size | 2,500 | 5,300 | 29% |
| Price | $400.0K | $560.0K | 29% |
| Price per sq ft | $283 | $182 | 86% |
| Built year | 1922 | 1940 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 129 | 29% |
Pricing History
Listed for Sale
Dec 16, 2025
$399,999
Initial Listing
Sold
Jun 30, 2015
$170,000
Public Record