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4624 Fairfax Avenue, Oakland, California 94601, Oakland, 94601 - bed, bath

4624 Fairfax Avenue, Oakland, California 94601 home-pic-0
ACTIVE$1,499,000
4624 Fairfax Avenue, Oakland, California 94601
0Bed
0Bath
4,730Sqft
9,720Lot
Year Built
1971
Close
-
List price
$1.5M
Original List price
$1.7M
Price/Sqft
$317
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014008
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(91th), sqft - 4730(91th), beds - undefined(50th), baths - undefined(50th).

Bring your investors to this Fourplex in Oakland! Invest in Oakland's promising real estate market. High demand for rentals in this area makes this an excellent investment opportunity. With strong in-place cash flow and low-maintenance systems, this is a low-risk, high-upside investment ideal for both seasoned and first-time multifamily buyers. This property has been well cared for 10 years by the current owner and is ready for new ownership. Great location close to Cortland Creek Park. Section 8 Tenants. Large Units - 4 bedrooms updated and in good condition. Current rents are below market for 4 bedroom units so there is upside. Sewer Lateral Compliant. Call Sandhya for any questions!

Nearby schools

2/10
Horace Mann Elementary School
Public,•K-5•0.5mi
3/10
United For Success Academy
Public,•6-8•0.7mi
4/10
Urban Promise Academy
Public,•6-8•1.1mi
2/10
Frick Middle School
Public,•6-8•1.3mi
2/10
Fremont High
Public,•9-12•0.5mi
2/10
Oakland International High School
Public,•9-12•4.8mi

Price History

Date
Event
Price
10/01/25
Price Change
$1,499,000-6.3%
09/15/25
Price Change
$1,599,000
07/09/25
Listing
$1,695,000
Condition Rating
Good
The property, built in 1971, has been 'updated and in good condition' and 'well cared for 10 years' by the current owner. The images show a clean, functional interior with basic but updated kitchen cabinets, laminate countertops, and standard appliances. The bathroom features a simple vanity and fixtures, all appearing clean and in working order. While the bedroom carpet is somewhat dated in style, the overall impression is that the units are move-in ready with no immediate renovation required. The updates, though not high-end, are sufficient to maintain a 'good' condition for a rental property, aligning with renovations within the 5-15 year timeframe.
Pros & Cons

Pros

Strong Investment Opportunity: Explicitly marketed as an 'excellent investment opportunity' with 'strong in-place cash flow' and 'low-risk, high-upside investment' potential in Oakland's promising real estate market.
Significant Value-Add Potential: Current rents are noted to be below market for 4-bedroom units, offering a clear upside for new ownership to increase rental income and property value.
Well-Maintained & Updated Units: The property has been 'well cared for 10 years by the current owner' and features '4 bedrooms updated and in good condition,' suggesting reduced immediate capital expenditure.
Desirable Unit Configuration: The property consists of 'Large Units - 4 bedrooms,' catering to a high demand for family-sized rentals in the area, ensuring a stable tenant pool.
Key Compliance & Low Maintenance: The property is 'Sewer Lateral Compliant' and features 'low-maintenance systems,' mitigating common and potentially costly issues for investors.

Cons

Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $1.695M to $1.499M, which may indicate initial overpricing or challenges in attracting buyers.
Below-Average School Ratings: The surrounding public schools, including elementary, middle, and high schools, consistently show low ratings (mostly 2s), which could impact long-term appeal to families.
Age of Property: Built in 1971, the property is over 50 years old. While described as updated, older buildings can inherently carry higher long-term maintenance costs and potential for unforeseen repairs.

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