748 Clara Street, Oakland, California 94603, Oakland, 94603 - bed, bath
748 Clara Street
Oakland, California 94603
Property Price
SUMMARY
Analysis of 748 Clara Street, Oakland, California 94603 is currently available with a list price of $749,000. 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 1964, this multi-family property is a functional 'cash cow' that has been maintained through regular upkeep rather than comprehensive modernization. While it features new exterior paint and benefit from an on-site contractor-manager, the interior components—including kitchens, bathrooms, and flooring—appear dated and consistent with mid-century construction. The property is stabilized and income-producing, but the presence of an unpermitted unit and the 'subject to inspection' status suggest typical age-related wear and a lack of recent high-end renovations.
PROSSTRENGTHS & OPPORTUNITIES
- High Yield Cash Flow
With a gross monthly income of $7,875 against a $749,000 list price, this property offers an exceptional gross yield, positioning it as a high-performing asset for income-focused investors.
- Stabilized Tenancy and Management
The building features long-term, reliable residents and an on-site property manager who is a licensed contractor, ensuring consistent rental income and professional maintenance oversight.
- Strategic Commuter Location
Located near major freeways with a 35-45 minute commute to Silicon Valley and the greater Bay Area, the property benefits from high rental demand and strong intrinsic value.
CONSRISKS & DEFICIENCIES
- Unpermitted Fifth Unit
The property includes a fifth unit with unknown permit status, which poses potential legal compliance risks and may complicate traditional financing options.
- Low Local School Ratings
The assigned public schools have low performance ratings (ranging from 1 to 3), which could limit the property's appeal to certain tenant demographics and impact long-term appreciation.
About 748 Clara Street
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Brookfield Elementary School
Grades K-5 • 0.4 mi
Madison Park Academy 6-12
Grades 6-12 • 0.9 mi
Castlemont High
Grades 9-12 • 1.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,442 | - | 86% |
| Lot Size | 6,250 | 6,250 | 50% |
| Price | $749.0K | $749.0K | 50% |
| Price per sq ft | $218 | $0 | 71% |
| Built year | 1964 | 1955 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 145 | 145 | 57% |
Pricing History
Listed for Sale
Oct 13, 2025
$749,000
Initial Listing