2012 E 15th St, Oakland, California 94606, Oakland, - bed, bath
ACTIVE$699,000
2012 E 15th St, Oakland, California 94606
0Bed
0Bath
Sqft
4,500Lot
Year Built
1900
Close
-
List price
$699K
Original List price
$730K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41098810
Home ConditionPoor
Features
View-
About this home
First time on the market in over 50 years! This fully occupied 4-plex at 2012 E 15th Street in Oakland presents a rare investment opportunity with strong cash flow potential. Three of the four units are currently rented at market rates, providing immediate income stability. Well-located in a central Oakland neighborhood, this classic property features long-term tenants, solid rental history, and value-add upside through cosmetic updates and deferred maintenance improvements. A great fit for investors or owner-occupants seeking a foothold in the East Bay’s dynamic rental market. Don't miss this chance to acquire a high-demand asset with long-term potential. Shown by appointment only. Property to be sold as-is.
Nearby schools
3/10
Garfield Elementary School
Public,•K-5•0.2mi
3/10
International Community School
Public,•K-5•0.6mi
5/10
Think College Now School
Public,•K-5•0.6mi
3/10
Franklin Elementary School
Public,•K-5•0.7mi
3/10
Manzanita Seed
Public,•K-5•0.9mi
4/10
Bella Vista Elementary School
Public,•K-5•1.0mi
7/10
Cleveland Elementary School
Public,•K-5•1.3mi
6/10
Henry Haight Elementary School
Public,•K-5•1.4mi
5/10
Glenview Elementary School
Public,•K-5•1.7mi
8/10
Lincoln Elementary School
Public,•K-5•1.8mi
9/10
Crocker Highlands Elementary School
Public,•K-5•1.8mi
2/10
Piedmont Avenue Elementary School
Public,•K-5•3.0mi
4/10
Roosevelt Middle School
Public,•6-8•0.2mi
4/10
Urban Promise Academy
Public,•6-8•0.8mi
3/10
La Escuelita Elementary School
Public,•K-8•1.2mi
3/10
United For Success Academy
Public,•6-8•1.2mi
6/10
Edna Brewer Middle School
Public,•6-8•1.3mi
2/10
Bret Harte Middle School
Public,•6-9•2.0mi
5/10
Will C. Wood Middle School
Public,•6-8•2.1mi
2/10
Westlake Middle School
Public,•6-8•2.3mi
4/10
Oakland High School
Public,•9-12•1.3mi
2/10
Fremont High
Public,•9-12•1.8mi
7/10
Encinal Junior/Senior High
Public,•6-12•2.9mi
7/10
Oakland Technical High School
Public,•9-12•3.2mi
2/10
Oakland International High School
Public,•9-12•3.4mi
4/10
Skyline High School
Public,•9-12•4.2mi
Price History
Date
Event
Price
09/16/25
Price Change
$699,000
05/23/25
Listing
$730,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (18 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 4,500 | 4,500 | 50% |
| Price | $699K | $800K | 47% |
| Price per square foot | $0 | $0 | |
| Built year | 1900 | 1914 | 26% |
| HOA | |||
| Days on market | 166 | 181 | 42% |
Condition Rating
Poor
The property was built in 1900 and is being sold 'as-is' after being on the market for the first time in over 50 years. While some individual units show recent cosmetic updates in kitchens and bathrooms (modern cabinets, stainless steel appliances, updated vanities), the overall description explicitly states 'value-add upside through cosmetic updates and deferred maintenance improvements.' This, combined with the age of the building and the presence of wall heaters instead of central HVAC, strongly suggests that major systems and the building's structural integrity likely require substantial repairs and rehabilitation, aligning with a 'poor' condition score for the property as a whole, despite some updated interiors.
Pros & Cons
Pros
Strong Income Potential: This fully occupied 4-plex offers immediate cash flow, with three of the four units currently rented at market rates, providing income stability.
Value-Add Opportunity: The property presents significant upside potential through cosmetic updates and addressing deferred maintenance, allowing a new owner to increase equity and rental income.
Prime Location: Situated in a central Oakland neighborhood, the property benefits from high rental demand and strong long-term appreciation prospects in the East Bay market.
Long-Term Ownership History: Being on the market for the first time in over 50 years suggests a stable asset and potentially untapped value for a new investor.
Established Rental History: The property features long-term tenants and a solid rental history, indicating a reliable and consistent income stream.
Cons
As-Is Sale Condition: The property is being sold 'as-is,' meaning the buyer assumes full responsibility for any necessary repairs, upgrades, or unforeseen issues.
Deferred Maintenance: Explicitly mentioned 'deferred maintenance improvements' indicate that significant capital expenditures may be required post-purchase to bring the property to optimal condition.
Age of Property: Built in 1900, this century-old property may come with higher ongoing maintenance costs, outdated systems, and potential for unexpected structural or infrastructure issues.