1226 73rd Ave, Oakland, California 94621, Oakland, - bed, bath
ACTIVE$299,000
1226 73rd Ave, Oakland, California 94621
0Bed
0Bath
Sqft
5,744Lot
Year Built
1870
Close
-
List price
$299K
Original List price
$299K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41116155
Home ConditionTear down
Features
Patio
View-
About this home
Property owned and sold by the City of Oakland. Property features common laundry room and at least 1 parking space for each unit. Lower rear unit burned out.
Price History
Date
Event
Price
10/29/25
Listing
$299,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 5,744 | 5,150 | 75% |
| Price | $299K | $648K | 13% |
| Price per square foot | $0 | $0 | |
| Built year | 1870 | 9700978 | 13% |
| HOA | |||
| Days on market | 7 | 159 | 13% |
Condition Rating
Tear down
The property, built in 1870, has a 'lower rear unit burned out' as stated in the description, which is confirmed by images showing extensive fire damage, charred interiors, and exposed studs. The visible bathroom is in an unhygienic and severely dilapidated state with old fixtures and peeling paint. The exterior shows significant neglect, boarded-up windows, and a debris-filled yard. The combination of severe fire damage, extreme age, and overall unlivable conditions indicates that the structure is likely beyond practical repair and its value is primarily in the land.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex, the property offers strong potential for multiple rental income streams, making it an attractive investment opportunity.
Highly Competitive Price Point: The list price of $299,000 for a four-unit property in Oakland presents a significant value proposition for investors willing to undertake renovations.
Dedicated Tenant Parking: The provision of at least one parking space per unit is a valuable amenity in an urban environment like Oakland, enhancing tenant desirability and rental appeal.
On-Site Laundry Facility: A common laundry room adds convenience for residents, which can be a key differentiator and selling point for rental units.
Motivated Seller: Being owned and sold by the City of Oakland may indicate a streamlined transaction process and a potential for a favorable acquisition price for a buyer willing to undertake necessary renovations.
Cons
Extensive Fire Damage: The lower rear unit being burned out signifies substantial structural and cosmetic damage, necessitating significant repair and reconstruction costs.
Advanced Age of Structure: Built in 1870, the property likely requires comprehensive updates to its infrastructure (electrical, plumbing, HVAC) and may have historical material concerns (e.g., lead paint, asbestos), leading to higher renovation expenses.
Significant Capital Expenditure Required: Given the fire damage and the property's age, a substantial investment beyond the purchase price will be required for rehabilitation, posing a financial challenge for potential buyers.