7341 Lockwood St, Oakland, California 94621, Oakland, 94621 - bed, bath

7341 Lockwood St, Oakland, California 94621 home-pic-0
ACTIVE$399,999
7341 Lockwood St, Oakland, California 94621
0Bed
0Bath
Sqft
2,500Lot
Year Built
1922
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41119292
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $400.0K(13th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).

Investor Opportunity in Oakland! Well-maintained duplex featuring two tenant-occupied units with strong, reliable rental income and good long-term tenants already in place. The property is partially updated and offers a gated entrance for added security and privacy. The sewer lateral has been completed and is currently compliant with approximately 10 years of validity remaining, providing added peace of mind for investors. An excellent opportunity for investors seeking steady cash flow with value-add potential in a high-demand rental market. Ideal for those looking to expand their portfolio with a low-maintenance, income-producing property.

Price History

Date
Event
Price
12/16/25
Listing
$399,999
06/30/15
Sold
$170,000
Condition Rating
Fair

The property was built in 1922, making it over 100 years old. While the listing states it is 'partially updated' and 'well-maintained,' the visual evidence suggests these updates are functional but dated. The kitchen features older wooden cabinets, basic white appliances, granite-look laminate countertops, and dated ceramic tile flooring. This same tile flooring extends throughout the living areas and bedrooms. There are no images of the bathrooms, but based on the rest of the interior, they are likely similarly dated. The overall condition indicates a property that is aged but maintained, with major components functional but showing signs of being outdated, aligning with renovations likely done 15-30 years ago. It is move-in ready but requires significant aesthetic updates to meet current standards, fitting the 'Fair' category.
Pros & Cons

Pros

Immediate Rental Income: The property features two tenant-occupied units with strong, reliable rental income and good long-term tenants already in place, providing immediate cash flow for investors.
Low Maintenance & Value-Add Potential: Described as a 'low-maintenance, income-producing property' with 'value-add potential,' appealing to investors seeking steady returns and future appreciation.
Sewer Lateral Compliance: The sewer lateral has been completed and is compliant for approximately 10 years, mitigating a common and potentially costly maintenance concern for older properties.
Enhanced Security: A gated entrance provides added security and privacy, a desirable feature for both tenants and property owners.
High-Demand Market Location: Located in Oakland, a 'high-demand rental market,' suggesting a strong tenant pool and potential for rent growth and property value appreciation.

Cons

Age of Property: Built in 1922, the property is over 100 years old, which may imply potential for unseen maintenance issues, outdated systems (electrical, plumbing), or structural concerns not explicitly addressed by updates.
Ambiguous Updates: The property is described as 'partially updated,' but the extent, recency, and specific areas of these updates are not detailed, leaving uncertainty about what still requires significant investment.
Tenant-Occupied Constraints: While providing income, existing tenants can complicate property access for showings, inspections, and potential buyer plans for renovation or owner-occupancy, and current lease terms are not provided.

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