748 Clara Street, Oakland, California 94603, Oakland, 94603 - 0 bed, 0 bath
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Oakland, California 94603
This Stabilized Residential Income Asset offers a high-yield investment opportunity with a List Price of $749,000, positioned near the $729,523 Fair Market Value. The property generates a remarkable $7,875 Gross Monthly Income, supported by a Condition Rating of 4 and professional on-site maintenance by a Licensed Contractor. While local School Ratings of 1-3 suggest a specific tenant demographic, the asset provides immediate cash flow and long-term stability. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a high-cap-rate addition with value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 748 Clara Street Subject | $749,000* List Price | 0 | 0 | 3,442 | $212 | - |
A 9624 E. St. Active | $779,500 List Price | 0 | 0 | 3,072 | $254 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this multi-unit property is well-maintained but shows its age. While it features some updates like newer exterior paint and a mix of laminate and tile flooring, the kitchens and bathrooms remain dated with older cabinetry and appliances. It is functional and stabilized for rental income, but lacks the modern fixtures and comprehensive renovations required for a higher rating.
Generating $7,875 in gross monthly income against a $749,000 list price, this property offers an outstanding gross yield and immediate stabilized cash flow for investors.
The property benefits from a resident manager who is also a licensed contractor, ensuring professional maintenance oversight and reduced operational headaches for the owner.
The building is occupied by long-term, reliable residents and families with a proven track record of timely payments, significantly minimizing vacancy risks and turnover costs.
The fifth unit was constructed by a previous owner with unknown permits, which may lead to future code enforcement issues, financing challenges, or required legalizations.
Assigned public schools in the immediate area carry low ratings (1-3), which could limit long-term capital appreciation and appeal to education-focused tenant demographics.
CASH COW WITH $7875.00/MONTH GROSS INCOME, Tenants are long term residents in the Building. Stabilized income is a haul mark feature of the Property. Located in a GOOD neighborhood and CLOSE to FREEWAYS. New exterior Paint. Additional 5th Unit is Built by previous owner and permits are unknown with income of $875.00. So its a Fifer- five unit property. Any outstanding issues will be the responsibility of the owner with tenants and will be dealt before COE. Property Manager lives in one of the units and is a Licensed Contractor, takes care of the Maintenance of the Property too. Very matured and hard working Families who pays in time and well behaved too. At a fraction of the per square feet price with the Stabilized Income, this property has inbuilt value with an average commute times of 35-45 minutes from Bay Area/ Silicon Valley. Send offers- subject to inspection , Seller is motivated, offers as they come in. Please DO NOT Disturb Tenants.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-12 • 0.9 mi
Grades 9-12 • 1.8 mi
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 | 3,442 | 2,678.5 | 67% |
| Lot Size | 6,250 | 6,625 | 50% |
| Price | $749.0K | $762.0K | 50% |
| Price per sq ft | $218 | $275 | 33% |
| Built year | 1964 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 191 | 187 | 67% |
Oct 13, 2025
$749,000
Initial Listing