1502 8th St, Oakland, California 94607, Oakland, - bed, bath
ACTIVE$1,150,000
1502 8th St, Oakland, California 94607
0Bed
0Bath
Sqft
4,336Lot
Year Built
1901
Close
-
List price
$1.15M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41089709
Home ConditionFair
Features
View-
About this home
Don't miss out on this great investment opportunity in West Oakland, especially with its proximity to BART! This 5,000 sq ft income producing 4-plex features 2 fully remodeled units. West Oakland is growing making it the perfect area for investors!
Nearby schools
4/10
Preparatory Literary Academy Of Cultural Excellence
Public,•K-5•0.2mi
2/10
Martin Luther King, Jr. Elementary School
Public,•PK-3•0.7mi
3/10
West Oakland Middle School
Public,•6-8•0.7mi
3/10
Mcclymonds High School
Public,•9-12•1.2mi
2/10
Oakland International High School
Public,•9-12•2.7mi
2/10
Fremont High
Public,•9-12•5.2mi
Price History
Date
Event
Price
11/04/25
Price Change
$1,150,000-8.0%
09/16/25
Price Change
$1,250,000
03/17/25
Listing
$1,300,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 4,336 | 4,145 | 50% |
| Price | $1.15M | $768K | 90% |
| Price per square foot | $0 | $0 | |
| Built year | 1901 | 9530954 | 40% |
| HOA | |||
| Days on market | 234 | 194 | 60% |
Condition Rating
Fair
While two of the four units have been fully remodeled with modern kitchens, updated bathrooms, and new flooring, the property was originally built in 1901. The overall condition is rated 'Fair' because only half of the units are updated, implying the other two units and the building's core systems (plumbing, electrical, HVAC, roof, etc.) are likely significantly older and may require substantial updates or show signs of being outdated, despite regular upkeep. The remodeled units themselves would be considered 'Good' to 'Excellent', but the property as a whole, given its age and partial renovation, falls into the 'Fair' category.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'great investment opportunity' and 'income producing 4-plex' in the 'growing' West Oakland area, indicating high potential for returns.
Prime Location with Transit Access: Its proximity to BART is a significant advantage, enhancing tenant appeal and property value due to convenient public transportation in the Bay Area.
Multi-Unit Income Property: As a quadruplex (4-plex), it offers diversified income streams and higher cash flow potential compared to single-family residential properties.
Recent Unit Upgrades: Two of the four units are 'fully remodeled,' providing immediate tenant appeal and reducing initial capital expenditure for half of the property.
Significant Price Reduction: The list price has been reduced from $1.3M to $1.15M, potentially offering a more attractive entry point and value opportunity for investors.
Cons
Historic Property Age: Built in 1901, the property is over a century old, which may imply potential for significant deferred maintenance, outdated infrastructure, and higher ongoing repair costs for the non-remodeled units.
Partial Remodel Scope: Only two of the four units are fully remodeled, suggesting the remaining units may require substantial investment to achieve similar standards, potentially impacting overall rental income or tenant quality.
Sub-optimal Local School Ratings: Several nearby public schools have low ratings (2s and 3s), which could be a deterrent for families and potentially affect long-term desirability and property value appreciation, despite the investment focus.