5315 Cole St, Oakland, California 94601, Oakland, - bed, bath
ACTIVE$749,000
5315 Cole St, Oakland, California 94601
5Beds
5Baths
2,762Sqft
5,200Lot
Year Built
1915
Close
-
List price
$749K
Original List price
$885K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41084158
Home ConditionPoor
Features
Patio
View-
About this home
Welcome to 5315 Cole St. In the Fairfax community. Prime Investment Opportunity with Strong Income Potential! This charming early 20th-century fourplex offers incredible flexibility: use it as a single-family home, duplex, triplex or fourplex to maximize your investment. With a fantastic location and a proven track record as a high-demand rental property, this is an ideal opportunity for investors or owner-occupants looking for additional income. The spacious backyard offers plenty of room for an ADU, further increasing rental potential. Don’t miss out on this rare chance to own a property with strong cash flow and endless possibilities!
Nearby schools
2/10
Horace Mann Elementary School
Public,•K-5•0.2mi
3/10
Melrose Leadership Academy
Public,•PK-8•0.5mi
1/10
Roots International Academy
Public,•6-8•0.8mi
2/10
Frick Middle School
Public,•6-8•0.9mi
3/10
United For Success Academy
Public,•6-8•1.2mi
4/10
Urban Promise Academy
Public,•6-8•1.6mi
2/10
Fremont High
Public,•9-12•0.6mi
3/10
Coliseum College Prep Academy
Public,•6-12•0.8mi
2/10
Oakland International High School
Public,•9-12•5.3mi
Price History
Date
Event
Price
10/16/25
Price Change
$749,000-6.4%
09/15/25
Price Change
$799,995
01/30/25
Listing
$885,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (60 Listings) | |
|---|---|---|---|
| Beds | 5 | 3 | 93% |
| Baths | 5 | 1 | 95% |
| Square foot | 2,762 | 1,143 | 95% |
| Lot Size | 5,200 | 4,040 | 82% |
| Price | $749K | $579K | 77% |
| Price per square foot | $271 | $490 | 5% |
| Built year | 1915 | 1916 | 49% |
| HOA | |||
| Days on market | 279 | 180 | 89% |
Condition Rating
Poor
Built in 1915, this property shows significant signs of age and deferred maintenance. The kitchens feature very basic, outdated cabinets and appliances, while the bathrooms have old fixtures, worn vanities, and dated tiling. Visible exterior issues, such as peeling paint and damaged siding/roofing, indicate substantial repairs are needed. The property's systems, including wall heaters and basic light fixtures, are also outdated. While functional as a rental, it requires extensive rehabilitation to meet modern living standards and address structural soundness concerns.
Pros & Cons
Pros
Exceptional Income Potential & Flexibility: The property is explicitly marketed as a 'Prime Investment Opportunity with Strong Income Potential,' offering 'incredible flexibility' to be used as a single-family home, duplex, triplex, or fourplex.
ADU Development Potential: The 'spacious backyard offers plenty of room for an ADU,' which can significantly increase rental income and overall property value.
Proven Rental Demand: Described as having a 'proven track record as a high-demand rental property,' indicating a reliable income stream for investors.
Significant Price Reduction: The list price has been reduced from $885,000 to $749,000, presenting a more attractive entry point and potential for immediate equity.
Generous Size & Configuration: With 5 beds, 5 baths, and 2762 sqft on a 5200 sqft lot, the property offers substantial space suitable for multiple units or a large owner-occupant with income.
Cons
Advanced Age & Potential for Deferred Maintenance: Built in 1915, the property is over a century old, suggesting potential for outdated infrastructure (plumbing, electrical) and significant capital expenditure for renovations or addressing deferred maintenance.
Subpar Local School Ratings: The proximity to schools with predominantly 2 and 3 ratings (out of 10) could be a drawback for potential owner-occupants with school-aged children.
Ambiguous Multi-Unit Status: While described as a flexible fourplex, the 'Single Family Residence' sub-type might require clarification on zoning and legal multi-unit status, potentially complicating financing or future use.