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7341 Lockwood St, Oakland, California 94621, Oakland, 94621 - 4 bed, 2 bath

7341 Lockwood St, Oakland, California 94621 home-pic-0
ACTIVE$399,999
7341 Lockwood St, Oakland, California 94621
4Beds
2Baths
1,414Sqft
2,500Lot
Year Built
1922
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$283
HOA
-
Days on market
-
Sold On
-
MLS number
41119293
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $400.0K(17th), sqft - 1414(81th), beds - 4(86th), baths - 2(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
Built in 1922, this property is over 100 years old. While described as 'well-maintained' and 'partially updated,' the images reveal that the kitchen and bathroom, though functional, feature outdated styles and components. The kitchen has traditional wood cabinets, older white appliances, and basic countertops. The bathroom includes a pedestal sink and basic fixtures. The ceramic tile flooring throughout appears to be an update from 15-30 years ago. These elements indicate the property is aged but maintained, with major components showing signs of being outdated, aligning with a 'Fair' condition score and suggesting significant value-add potential through further modernization.
Pros & Cons

Pros

Established Rental Income: The property is a duplex with two tenant-occupied units, providing strong, reliable rental income and good long-term tenants already in place, ensuring immediate cash flow for investors.
Value-Add Potential: The property offers clear 'value-add potential' in a high-demand rental market, allowing investors to increase future appreciation and rental income through strategic improvements.
Sewer Lateral Compliance: A significant and often costly maintenance item, the sewer lateral, has been completed and is compliant for approximately 10 years, providing peace of mind and reducing immediate capital outlays for the investor.
Enhanced Security Features: The property benefits from a gated entrance, which adds an extra layer of security and privacy, enhancing its appeal to tenants and contributing to property value.
Well-Maintained & Low-Maintenance: Described as a 'well-maintained' and 'low-maintenance' property, suggesting reduced immediate repair needs and operational effort for the investor.

Cons

Partial Updates: The property is only 'partially updated,' indicating that further renovations or modernizations may be required to maximize rental income and property value, necessitating additional capital investment.
Historic Property Age: Built in 1922, the property's age (over 100 years) suggests a higher likelihood of needing significant capital expenditures for aging systems and components in the future, despite being 'well-maintained.'
Data Inconsistency: The property's `sub_type` is listed as 'Single Family Residence' while the description clearly states it is a 'duplex,' which could lead to confusion regarding zoning, financing, or property classification.

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