4258 Masterson St, Oakland, California 94619, Oakland, - bed, bath
ACTIVE$1,399,000
4258 Masterson St, Oakland, California 94619
0Bed
0Bath
Sqft
6,375Lot
Year Built
1974
Close
-
List price
$1.4M
Original List price
$1.45M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41091684
Home ConditionFair
Features
View-
About this home
Price Improvement! Come see this 4,180 sqft multi-family home (4-units), boasting 8 bedrooms and 6 bathrooms, great investment opportunity in the highly sought-after Laurel District of Oakland. Enjoy the convenience of this vibrant neighborhood, where popular local coffee shops, gyms, grocery stores, and diverse restaurants are just a short stroll away. The building comprises four units and great rental income. Unit 1 has been updated and offers a generous living space with a den and living room, 3 bedrooms and 2 bathrooms, a private backyard, extra storage and laundry hook-ups. All units benefit from on-site laundry facilities and garage parking. Buyer to verify all information about the property. All 4 units are currently rented with a total Rent of $8,898.52 per month. Professional photos to be uploaded soon. Do not disturb occupants.
Nearby schools
3/10
Laurel Elementary School
Public,•K-5•0.4mi
2/10
Allendale Elementary School
Public,•K-5•0.6mi
5/10
Redwood Heights Elementary School
Public,•K-5•0.7mi
4/10
Fruitvale Elementary School
Public,•K-5•1.2mi
2/10
Bret Harte Middle School
Public,•6-9•1.1mi
2/10
Fremont High
Public,•9-12•1.3mi
4/10
Skyline High School
Public,•9-12•1.8mi
2/10
Oakland International High School
Public,•9-12•4.8mi
Price History
Date
Event
Price
09/16/25
Price Change
$1,399,000
04/17/25
Listing
$1,450,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 6,375 | 6,513 | 50% |
| Price | $1.4M | $799K | 88% |
| Price per square foot | $0 | $0 | |
| Built year | 1974 | 9730977 | 100% |
| HOA | |||
| Days on market | 202 | 194 | 63% |
Condition Rating
Fair
The property was built in 1974, making it 50 years old. While the listing description states that 'Unit 1 has been updated,' there are no interior images provided to assess the condition, style, or features of the kitchens, bathrooms, flooring, or appliances in any of the four units. The exterior appears maintained but shows its age. Without visual confirmation of recent, comprehensive renovations across all units, particularly in key areas like kitchens and bathrooms, the property is likely functional but will require substantial updates to meet modern aesthetic and functional standards. This aligns with the 'Fair' category, indicating an aged but maintained property where major components are functional but show signs of being outdated, and minor to moderate updates are needed.
Pros & Cons
Pros
Strong Investment Opportunity: This is a 4-unit multi-family home (quadruplex) explicitly marketed as a 'great investment opportunity' in a desirable Oakland neighborhood, ideal for generating consistent rental income.
Immediate Rental Income: All four units are currently rented, providing an immediate and substantial total monthly income of $8,898.52, ensuring positive cash flow from day one.
Desirable Location: Situated in the highly sought-after Laurel District of Oakland, offering residents convenient access to local coffee shops, gyms, grocery stores, and diverse restaurants within walking distance.
Unit Updates & Amenities: Unit 1 has been updated and includes a private backyard, extra storage, and laundry hook-ups. All units benefit from on-site laundry facilities and dedicated garage parking.
Recent Price Improvement: The property has seen a recent price reduction from $1.45M to $1.399M, indicating increased motivation from the seller and potentially a better value proposition for buyers.
Cons
Limited Showing Access: The instruction 'Do not disturb occupants' suggests restricted access for showings and inspections, which can complicate due diligence for potential buyers.
Age of Property & Potential for Deferred Maintenance: Built in 1974, the property is nearly 50 years old. While Unit 1 is updated, the other three units and common building systems may require significant capital expenditures for modernization or repairs.
Incomplete Marketing Materials: The listing notes 'Professional photos to be uploaded soon,' indicating that current visuals may not fully represent the property's condition or appeal, potentially hindering initial buyer interest.