9034 Hillside St, Oakland, California 94603, Oakland, 94603 - bed, bath
ACTIVE$630,000
9034 Hillside St, Oakland, California 94603
0Bed
0Bath
Sqft
6,307Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Favorable Financing: The property comes with an assumable 5.625% loan, which is a significant financial advantage in the current market.
Top Cons:
Property Age & Potential for Deferred Maintenance: Built in 1968, the property's age suggests that major systems (e.g., plumbing, electrical, roof) may be original or older, potentially requiring future capital expenditures despite some updated units.
Compared to the nearby listings
Price:$630.0K vs avg $670.0K ($-40,000)43%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1968 (57 years old).
Condition: The property, built in 1968, features 'freshly updated units' as described, which is strongly supported by the images. The kitchens are extensively renovated with new white shaker cabinets, modern granite-look countertops, stylish tile backsplashes, and new stainless steel appliances (refrigerator, range, microwave, dishwasher). Flooring consists of new-looking laminate in the kitchen and clean, modern gray carpet in the living areas and bedrooms. Walls are freshly painted, and light fixtures are simple yet modern flush mounts. While the building's age and popcorn ceilings are noted, the visible interior renovations are comprehensive and appear to have been completed very recently, making the units virtually new and meeting current quality standards. The lack of bathroom images is a minor gap, but the overall impression of the updated units is high quality and move-in ready.
Year Built
1968
Close
-
List price
$630K
Original List price
$630K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41112029
Home ConditionExcellent
Features
View-
About this home
In the 2025 market, a deal like this is a unicorn. This 4-plex comes with an assumable 5.625% loan and is practically begging you to build wealth. It's your cheat code for real estate investing, house hack your way to financial freedom. Move into one of two pristine, freshly updated units, your choice of a 2-bed/1-bath or a 1-bed/1-bath. Let your tenants in the other three units, pay your mortgage. With two other units already tenant-occupied, you get instant cash flow from day one. Located in Castlemont, with a straight shot to the 580 for an easy Bay Area commute. On-site laundry and four extra large, 12ft high spacious garage storage spaces are really huge perks that keep tenants happy and rents flowing. The smart money is already dialing, it's up to you to take the opportunity and answer the call!
Condition Rating
Excellent
The property, built in 1968, features 'freshly updated units' as described, which is strongly supported by the images. The kitchens are extensively renovated with new white shaker cabinets, modern granite-look countertops, stylish tile backsplashes, and new stainless steel appliances (refrigerator, range, microwave, dishwasher). Flooring consists of new-looking laminate in the kitchen and clean, modern gray carpet in the living areas and bedrooms. Walls are freshly painted, and light fixtures are simple yet modern flush mounts. While the building's age and popcorn ceilings are noted, the visible interior renovations are comprehensive and appear to have been completed very recently, making the units virtually new and meeting current quality standards. The lack of bathroom images is a minor gap, but the overall impression of the updated units is high quality and move-in ready.
Pros & Cons
Pros
Favorable Financing: The property comes with an assumable 5.625% loan, which is a significant financial advantage in the current market.
Strong Investment & House Hacking Potential: Marketed as a 'cheat code for real estate investing,' it offers the opportunity to 'house hack' by living in one unit and renting out the others to cover the mortgage.
Immediate Cash Flow & Occupancy: Two units are already tenant-occupied, providing instant cash flow from day one for the new owner.
Updated Units & Owner-Occupancy Option: Two units are described as 'pristine, freshly updated' and available for the new owner to occupy, offering flexibility.
Desirable Amenities & Convenient Location: Features on-site laundry, four extra-large 12ft high garage storage spaces, and an easy commute to the Bay Area via I-580 from Castlemont.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1968, the property's age suggests that major systems (e.g., plumbing, electrical, roof) may be original or older, potentially requiring future capital expenditures despite some updated units.
Lack of Detailed Financials: While cash flow is highlighted, the listing does not provide specific current rental income for all units, operating expenses, or a pro forma, which are crucial for a comprehensive investment analysis.
Neighborhood Perception: Located in 'East Oakland' (Castlemont), which, depending on specific blocks, can sometimes carry a perception of higher crime rates or lower desirability compared to other Oakland neighborhoods, potentially impacting tenant quality or long-term appreciation for some buyers.