1427 65th Ave, Oakland, California 94621, Oakland, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$550,000
1427 65th Ave, Oakland, California 94621
0Bed
0Bath
Sqft
6,000Lot
Year Built
1947
Close
-
List price
$550K
Original List price
$599K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41095804
Home ConditionPoor
Features
Patio
View-

About this home

Attention investors and buyers looking to build equity! This 4-unit multifamily property in East Oakland, just off International Blvd, is the lowest-priced 4-plex on the market—a rare opportunity to own income-generating real estate at an accessible price point. While the property needs some updating, it's perfect for someone willing to roll up their sleeves and add value through improvements. Bedrooms for 2 of the units differ from tax record Think of it as a blank canvas with built-in income potential. East Oakland is known for its strong rental base, and this area continues to attract long-term tenants due to its proximity to public transit, major thoroughfares, and community amenities. With four separate units, you can live in one and rent out the rest.

Price History

Date
Event
Price
09/16/25
Price Change
$550,000
05/01/25
Listing
$599,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (7 Listings)
Beds00
Baths00
Square foot00
Lot Size6,0005,150
75%
Price$550K$648K
38%
Price per square foot$0$0
Built year19479735978
50%
HOA
Days on market188174
50%
Condition Rating
Poor

Built in 1947, this property is explicitly described as needing 'some updating' and being a 'blank canvas' for value-add improvements. The images confirm this, showing a severely outdated kitchen with worn cabinets, old yellow laminate countertops, and an older range. The flooring throughout consists of heavily worn, bright green carpet and old linoleum. Light fixtures are basic and dated. The exterior shows signs of age and deferred maintenance, including cracked concrete and rusty elements. The property requires substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons

Pros

Income-Generating Quadruplex: This 4-unit multifamily property offers immediate income potential and the flexibility for owner-occupancy with rental income from the other units.
Competitive Market Pricing: Positioned as the 'lowest-priced 4-plex on the market' with a recent price reduction, it presents an accessible investment opportunity for buyers.
Significant Value-Add Potential: Described as a 'blank canvas' perfect for investors willing to 'roll up their sleeves and add value through improvements,' allowing for substantial equity building.
Robust Rental Market Location: Located in East Oakland, an area known for its 'strong rental base' and ability to consistently attract long-term tenants.
Strategic Tenant Accessibility: Proximity to public transit, major thoroughfares, and community amenities enhances its appeal and retention for renters.

Cons

Extensive Renovation Required: The property 'needs some updating' and is suited for buyers willing to 'roll up their sleeves,' indicating a substantial investment in renovations and deferred maintenance.
Tax Record Discrepancy: Bedrooms for 2 of the units differ from tax record, which could lead to complications with financing, appraisal, or legal compliance.
Not a Turnkey Investment: Requires significant effort and capital expenditure post-purchase, making it unsuitable for buyers seeking a ready-to-rent or move-in ready property.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State