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3607 Maple Ave, Oakland, California 94602, Oakland, - bed, bath

home-pic
ACTIVE$1,250,000
3607 Maple Ave, Oakland, California 94602
0Bed
0Bath
Sqft
4,323Lot
Year Built
1927
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41103762
Home ConditionGood
Features
Deck
Patio
View-

About this home

www.3607MapleAve.com; Fully remodeled Dimond District 4-unit apartment complex with excellent current cash flow. The property offers an ideal unit mix of one 4bd/2bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. The property was originally built in 1927, offers approximately 4,172 square feet of rental space, and offers a large center courtyard. The property was fully renovated in 2014, and all units offer a modern finish with new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. One of the best units will be delivered vacant at closing making for an ideal set-up for an owner-occupant or investor seeking max market rents. The property is easy to manage and separately metered for PG&E providing for low annual expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turnkey investment for the next owner. This is a perfect opportunity for a buyer seeking strong cash flow in a high demand rental location. The property is located in Oakland’s Dimond District, East of HWY 580, near countless restaurants, coffee shops, and shopping.

Nearby schools

5/10
Sequoia Elementary School
Public,•K-5•0.5mi
4/10
Fruitvale Elementary School
Public,•K-5•0.5mi
5/10
Glenview Elementary School
Public,•K-5•0.9mi
2/10
Bret Harte Middle School
Public,•6-9•0.2mi
6/10
Edna Brewer Middle School
Public,•6-8•1.4mi
2/10
Fremont High
Public,•9-12•1.6mi
4/10
Oakland High School
Public,•9-12•1.8mi
4/10
Skyline High School
Public,•9-12•2.3mi
2/10
Oakland International High School
Public,•9-12•3.9mi

Price History

Date
Event
Price
07/05/25
Listing
$1,250,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (7 Listings)
Beds00
Baths00
Square foot00
Lot Size4,3234,654
38%
Price$1.25M$1.11M
63%
Price per square foot$0$0
Built year19279625963
75%
HOA
Days on market123139
50%
Condition Rating
Good
The property, originally built in 1927, underwent a full renovation in 2014, which is 11 years ago. This falls within the 'Good' category's criteria of being extensively renovated within 5 to 15 years. The listing description highlights modern finishes, new hardwood floors, granite countertops, stainless steel appliances, upgraded lighting, and new electrical and plumbing systems. The images confirm these updates, showcasing modern white cabinetry, dark granite countertops, and stainless steel appliances in the kitchens. The flooring throughout appears to be a consistent, modern laminate or engineered wood. While the light fixtures are generally updated, some are simple flush mounts or track lighting, and one kitchen has wall sconces that are functional but not cutting-edge. Overall, the property presents as move-in ready with well-maintained systems and a contemporary aesthetic, aligning perfectly with a 'Good' condition rating.
Pros & Cons

Pros

Strong Income Potential & Turnkey Investment: The property is a fully remodeled 4-unit apartment complex explicitly offering 'excellent current cash flow' and described as an 'attractive turnkey investment with no deferred maintenance,' making it highly appealing for investors.
Comprehensive Modern Renovation: Fully renovated in 2014, all units feature modern finishes including new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems, significantly reducing immediate capital expenditures.
Strategic Vacancy for Maximized Rents/Owner-Occupancy: One of the best units will be delivered vacant at closing, providing immediate flexibility for an owner-occupant or allowing an investor to achieve market rents without tenant turnover issues.
Ideal & Diverse Unit Mix: The property offers a desirable unit mix of one 4bd/2bth, one 3bd/2bth, one 3bd/1bth, and one 2bd/1bth unit, catering to a wide range of tenant needs and enhancing marketability and occupancy rates.
Desirable Dimond District Location: Located in Oakland's high-demand Dimond District, East of HWY 580, the property benefits from proximity to numerous restaurants, coffee shops, and shopping, attracting quality tenants.

Cons

Age of Original Structure: Despite the 2014 renovation, the building was originally constructed in 1927, meaning the underlying structure is nearly a century old, which could lead to unforeseen long-term maintenance or structural issues not covered by the renovation.
Lack of Mentioned Dedicated Parking: For a 4-unit complex in an urban area like Oakland, the property description does not explicitly mention dedicated parking, which could be a significant inconvenience for tenants and impact desirability.
Potential for Rent Control Impact: As an income property in Oakland, it is likely subject to the city's rent control ordinances, which could limit future rent increases on occupied units and potentially affect long-term cash flow growth for an investor.

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