7448 Lockwood St, Oakland, California 94621, Oakland, 94621 - 0 bed, 0 bath
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Oakland, California 94621
This Income-Producing Quadruplex represents a strategic multi-family acquisition with a List Price of $899,000, aligning perfectly with its $899,000 Fair Market Value. Maintaining a Condition Rating of 3, the property consists of four renovated 2-bedroom units featuring separately metered utilities for gas, electricity, and water, which significantly minimizes owner operating expenses. The oversized 10,000 sq ft lot provides significant upside through ADU development or unit expansion to maximize rental yield. Located near major transit corridors, this asset is optimized for consistent cash flow. It is an ideal opportunity for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7448 Lockwood St Subject | $899,000* List Price | 0 | 0 | 3,560 | $253 | - |
A 1817 73rd Ave Active | $825,000 List Price | 0 | 0 | 3,092 | $267 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
The property is uniquely separately metered for gas, electricity, and water for all four units, significantly reducing owner operating expenses and simplifying utility management.
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.
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.
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.
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.
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.
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 | 3,560 | 1,968.5 | 90% |
| Lot Size | 10,000 | 5,688.5 | 90% |
| Price | $899.0K | $541.0K | 90% |
| Price per sq ft | $253 | $237 | 50% |
| Built year | 1957 | 1923 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 389 | 201 | 90% |
Sep 16, 2025
$899,000
Initial Listing
May 14, 2025
$950,000
Initial Listing
Mar 10, 2022
$1,000,000
Public Record
Apr 25, 2019
$800,000
Public Record
Apr 7, 2015
$599,000
Public Record
Jan 23, 2004
$488,000
Public Record
Dec 19, 1997
$125,000
Public Record