9034 Hillside St, Oakland, California 94603, Oakland, - bed, bath
ACTIVE$950,000
9034 Hillside St, Oakland, California 94603
0Bed
0Bath
Sqft
6,307Lot
Year Built
1968
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41110637
Home ConditionGood
Features
View-
About this home
In the 2025 market, a deal like this is a unicorn. This 4-plex comes with an assumable 5.625% loan and is practically begging you to build wealth. It's your cheat code for real estate investing, house hack your way to financial freedom. Move into one of two pristine, freshly updated, vacant units, your choice of a 2-bed/1-bath or a 1-bed/1-bath. Let your tenants in the other three units, pay your mortgage. With two other units already tenant-occupied, you get instant cash flow from day one. Located in Castlemont, with a straight shot to the 580 for an easy Bay Area commute. On-site laundry and four extra large, 12ft high spacious garage storage spaces are really huge perks that keep tenants happy and rents flowing. The smart money is already dialing, it's up to you to take the opportunity and answer the call!
Price History
Date
Event
Price
09/05/25
Listing
$950,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 6,307 | 5,476 | 71% |
| Price | $950K | $670K | 86% |
| Price per square foot | $0 | $0 | |
| Built year | 1968 | 1948 | 71% |
| HOA | |||
| Days on market | 60 | 215 | 29% |
Condition Rating
Good
The property, built in 1968, features 'freshly updated' units as stated in the description, which is evident in the images. The kitchens in the updated units boast modern white shaker cabinets, new stainless steel appliances, contemporary countertops, and stylish backsplashes, along with new LVP flooring. Living areas and bedrooms in these units also show fresh paint and new carpeting, indicating a recent and thorough renovation for these specific units. While the renovated units are in excellent condition, the overall property, being a 4-plex from 1968, has not undergone a full, comprehensive renovation across all units and major systems. The exterior, though maintained, reflects its age. Therefore, the property is move-in ready for the updated units, with significant recent improvements, aligning well with a 'Good' rating where some components are updated, but it's not a full recent renovation of the entire structure.
Pros & Cons
Pros
Assumable Loan with Favorable Rate: The property features an assumable loan at 5.625%, which is a significant financial advantage in the current market, offering lower interest payments and improved cash flow for the buyer.
Immediate Income & House Hacking Potential: With two units already tenant-occupied and two freshly updated vacant units, the property offers instant rental income and the flexibility for an owner to occupy one unit while tenants cover a substantial portion of the mortgage.
Recently Updated Vacant Units: Two units are described as 'pristine, freshly updated, vacant,' reducing immediate renovation costs for a new owner and allowing for quick occupancy or rental at market rates.
Valuable On-Site Amenities: The inclusion of on-site laundry and four extra-large, 12ft high spacious garage storage spaces are attractive features that enhance tenant satisfaction and can support higher rental values.
Strong Commuter Location: Located in Castlemont with a 'straight shot to the 580 for an easy Bay Area commute,' the property is well-positioned to attract a broad tenant base working across the wider Bay Area.
Cons
Property Age and Potential for Systemic Updates: Built in 1968, the property is over 50 years old. While some units are updated, major building systems (e.g., roof, plumbing, electrical infrastructure) may be original or require significant capital expenditure in the near future.
Unspecified Condition of Occupied Units: The description highlights the updated vacant units but lacks details on the condition or renovation status of the two currently occupied units, suggesting they might not be as updated and could require future investment to optimize rental income.
Neighborhood Perception and Market Challenges: Located in East Oakland (Castlemont), the area may carry certain perceptions regarding safety or desirability, which could influence tenant demographics, vacancy rates, and long-term property value appreciation compared to other Oakland submarkets.