7448 Lockwood St, Oakland, California 94621, Oakland, 94621 - bed, bath
7448 Lockwood St
Oakland, California 94621
Property Price
SUMMARY
Analysis of 7448 Lockwood St, Oakland, California 94621 is currently available with a list price of $899,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is move-in ready and well-maintained, featuring significant updates that likely occurred within the last 5 to 15 years. Interior images show modern laminate flooring, updated shaker-style kitchen cabinetry, stone countertops, and functional bathrooms. While the structure dates to 1957, the units have been renovated to meet current rental standards with no immediate major repairs visible.
PROSSTRENGTHS & OPPORTUNITIES
- Utility Efficiency
The property is uniquely separately metered for gas, electricity, and water for all four units, significantly reducing owner operating expenses and simplifying utility management.
- Development Potential
Situated on a large, flat 10,000 sq ft lot, the property offers significant upside potential to build additional units or ADUs to maximize rental yield.
- Diversified Revenue
In addition to the four 2-bedroom units, a detached on-site laundry room provides a secondary income stream, enhancing the overall cash flow of the asset.
CONSRISKS & DEFICIENCIES
- Market Valuation Trends
The property is currently listed at $899,000, which is notably lower than its 2022 sale price of $1,000,000, indicating a recent decline in market valuation for the area.
- Management Intensity
Located in a high-demand rental pocket of East Oakland, the property may require more hands-on management and rigorous tenant screening compared to other sub-markets.
About 7448 Lockwood St
Welcome to 7448 Lockwood Street, a spacious and income-producing fourplex located in the heart of East Oakland. This well-maintained property features four 2-bedroom, 1-bath units, each offering approximately 885 square feet of comfortable living space. Each unit is separately metered for gas, electricity, and water, providing convenience and flexibility for both owner and tenants. A detached on-site laundry room adds an additional income stream. Situated on a large, flat 10,000 sq ft lot, this property offers development potential—build additional units or expand to maximize your return (buyer to verify). Conveniently located near Highways 580 and 880 and just minutes from the Eastmont Town Center, this property is a prime location for tenants and commuters alike. Don't miss this exceptional opportunity to own a strong cash-flowing asset with upside potential in one of Oakland’s high-demand rental markets.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1957
- Lot Size
- 10,000 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 | 3,560 | 3,218 | 86% |
| Lot Size | 10,000 | 5,744 | 86% |
| Price | $899.0K | $585.0K | 86% |
| Price per sq ft | $253 | $182 | 86% |
| Built year | 1957 | 1952 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 297 | 165 | 0% |
Pricing History
Listed for Sale
Sep 16, 2025
$899,000
Initial Listing
Price Change
May 14, 2025
$950,000
Initial Listing
Sold
Mar 10, 2022
$1,000,000
Public Record
Sold
Apr 25, 2019
$800,000
Public Record
Sold
Apr 7, 2015
$599,000
Public Record
Sold
Jan 23, 2004
$488,000
Public Record
Sold
Dec 19, 1997
$125,000
Public Record