7231 Lockwood St, Oakland, California 94621, Oakland, - bed, bath
ACTIVE$795,000
7231 Lockwood St, Oakland, California 94621
0Bed
0Bath
Sqft
2,400Lot
Year Built
1959
Close
-
List price
$795K
Original List price
$850K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41090373
Home ConditionFair
Features
View-
About this home
Located in Oakland's Hegenberger neighborhood, 7231 Lockwood Street is a well-maintained fourplex offering both comfort and convenience. The property features multiple units, each designed with modern updates to enhance tenant living experiences. Four one bedroom/one bath units. Separately metered for PG&E and water. Open
Nearby schools
2/10
Markham Elementary School
Public,•K-5•0.2mi
2/10
Futures Elementary School
Public,•K-5•0.6mi
2/10
Community United Elementary School
Public,•K-5•0.6mi
2/10
Frick Middle School
Public,•6-8•0.6mi
1/10
Roots International Academy
Public,•6-8•0.7mi
3/10
Coliseum College Prep Academy
Public,•6-12•0.7mi
1/10
Castlemont High
Public,•9-12•1.0mi
2/10
Fremont High
Public,•9-12•1.7mi
2/10
Oakland International High School
Public,•9-12•6.5mi
Price History
Date
Event
Price
10/30/25
Price Change
$795,000-2.5%
09/16/25
Price Change
$815,000
03/21/25
Listing
$850,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 2,400 | 4,600 | 13% |
| Price | $795K | $665K | 75% |
| Price per square foot | $0 | $0 | |
| Built year | 1959 | 9775980 | 63% |
| HOA | |||
| Days on market | 229 | 195 | 50% |
Condition Rating
Fair
The property was built in 1959. While the listing mentions 'modern updates,' the visible kitchen features white appliances, traditional wood cabinets, and tile flooring/backsplash that appear to be from an update 15-25 years ago, rather than a recent renovation. The overall condition appears well-maintained from the exterior, but the interior style is dated and would likely require aesthetic updates to meet current market preferences. Major components are functional but show signs of being outdated.
Pros & Cons
Pros
Investment Opportunity: As a quadruplex with four 1-bedroom/1-bathroom units, this property offers a strong income-generating asset for investors seeking multi-unit residential income.
Cost-Efficient Management: All units are separately metered for PG&E and water, significantly reducing landlord utility expenses and simplifying property management for the owner.
Tenant Appeal & Condition: The property is described as 'well-maintained' with 'modern updates' in each unit, enhancing tenant living experiences and potentially reducing immediate renovation needs for a new owner.
Price Competitiveness: The list price has seen a significant reduction from $850,000 to $795,000, indicating a motivated seller and potential for a more favorable acquisition price for buyers.
Desirable Unit Configuration: Four 1-bedroom/1-bathroom units represent a popular and manageable configuration for rental properties, appealing to a broad tenant base of singles or couples.
Cons
Subpar School Ratings: Several nearby public schools, including elementary, middle, and high schools, have low ratings (mostly 1s and 2s), which could be a deterrent for families and potentially impact long-term property value growth.
Limited Lot Size: The 2400 sqft lot is relatively small for a fourplex, potentially limiting outdoor amenities, parking availability, or future expansion opportunities.
Age of Property: Built in 1959, the property's age, despite mentioned modern updates, may suggest underlying older infrastructure (e.g., plumbing, electrical) that could require future maintenance or upgrades not immediately apparent.