
Oakland, California 94603
This Triplex Residential Income Asset is listed at $649,000, positioned near its $553,541 Fair Market Value following a recent price adjustment. Currently holding a Condition Rating of 5, the property represents a High-Potential Investment Opportunity for forced appreciation. The 3,224 sq. ft. building features oversized units and a detached rear garage ideal for ADU conversion. Despite lower ratings at schools like Reach Academy, the deck, patio, and commuter-friendly location ensure high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or House Hackers.
Property is extensive renovation needed.
Built in 1906, this property's age is a significant factor. The listing explicitly highlights 'Age of Property' and 'Potential for Extensive Renovation' as weaknesses, indicating substantial work is needed. The absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are outdated and require significant rehabilitation. While functional as an income property, it likely needs major system updates, cosmetic overhauls, and modernization to meet current standards and maximize its value-add potential.
This triplex offers an excellent residential income opportunity, ideal for investors seeking consistent rental revenue or a 'house hacker' looking to offset mortgage costs.
Significant value-add potential exists, particularly with the detached rear garage being perfect for an ADU conversion, which could substantially increase rental income and property value.
The property features oversized 2-bedroom/1-bath residences that are expansive and 'feel like single-family homes,' enhancing tenant appeal and potential for higher rents.
Built in 1906, the property's age suggests potential for deferred maintenance, outdated systems, or the need for significant capital expenditures to modernize.
Nearby schools generally have low ratings (1-2), which could be a deterrent for families with children and potentially impact long-term desirability or resale value.
While offering 'value-add potential,' the age and nature of an investment property often imply that extensive renovations or updates may be required to maximize its income potential and appeal.
Spacious multi-unit investment opportunity on the San Leandro border! This large 3,224 sq. ft. building on a 5,000 sq. ft. lot features an excellent unit mix of all oversized 2-bedroom/1-bath residences. Units are expansive and feel like single-family homes. Huge value-add potential with a detached rear garage perfect for ADU conversion. Includes a side yard with play area. Ideal for an investor or a "house hacker" looking to live in one unit and rent the others to offset the mortgage. Commuter friendly location near 580/880 and Oakland Airport. Don't miss this high-potential asset!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 1.0 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 | 3,224 | 2,678.5 | 67% |
| Lot Size | 5,000 | 6,625 | 33% |
| Price | $649.0K | $732.5K | 33% |
| Price per sq ft | $201 | $275 | 33% |
| Built year | 1906 | 1938 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 174 | 17% |
Feb 3, 2026
$649,000
$699,000
-7% Price Drop
Initial Listing
Dec 16, 2025
$699,000
Initial Listing