9918 Walnut St, Oakland, California 94603, Oakland, - bed, bath
ACTIVE$1,050,000
9918 Walnut St, Oakland, California 94603
0Bed
0Bath
Sqft
6,019Lot
Year Built
1918
Close
-
List price
$1.05M
Original List price
$1.09M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41101305
Home ConditionFair
Features
Good View:
View-
About this home
Welcome to this charming two-story fourplex in the highly sought-after Iveywood neighborhood! This is a fantastic opportunity to live or invest in—just a short walk to public transportation and only minutes from convenient dining and fast food options. The property features four units, three of which are currently vacant. Each unit offers washer hookups for added convenience. With strong upside potential in a growing neighborhood, this is an excellent opportunity for both investors and homebuyers. Don’t miss your chance to own a versatile property in one of the most accessible areas in town! Open
Price History
Date
Event
Price
09/15/25
Price Change
$1,050,000
06/13/25
Listing
$1,095,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 6,019 | 5,476 | 71% |
| Price | $1.05M | $670K | 86% |
| Price per square foot | $0 | $0 | |
| Built year | 1918 | 1944 | 14% |
| HOA | |||
| Days on market | 144 | 215 | 29% |
Condition Rating
Fair
The property was built in 1918, making it over 100 years old. While some units show recent cosmetic updates, including new grey laminate flooring, fresh paint, and a modern bathroom with new vanity and tile, other areas (like one of the kitchens with older white tile countertops and flooring) appear less updated. The light fixtures are basic throughout. The updates seem to be partial refreshes rather than a comprehensive renovation of the entire fourplex, suggesting that while habitable, it requires further minor updates or repairs to achieve a consistent, modern standard across all units and address potential aging major systems inherent in a building of this age.
Pros & Cons
Pros
Income-Generating Asset: As a fourplex (quadruplex), this property offers a clear opportunity for rental income and multi-unit investment.
Significant Vacancy for Value-Add: With three out of four units currently vacant, an investor gains immediate control to set market rents, undertake renovations, or facilitate owner-occupancy.
Strategic Location & Accessibility: Located in the 'highly sought-after Iveywood neighborhood,' the property boasts excellent access to public transportation, dining, and local amenities.
Strong Upside Potential: Positioned in a growing neighborhood, the property indicates promising future appreciation and potential for increased rental income.
Tenant-Friendly Amenities: Each unit includes convenient washer hookups, a desirable feature that enhances tenant appeal and retention.
Cons
Advanced Property Age: Built in 1918, the property likely requires significant capital expenditure for system upgrades (e.g., plumbing, electrical) and general modernization to meet current standards.
Immediate Lease-Up Challenge: While offering control, filling three vacant units simultaneously will require substantial marketing effort and may incur short-term income loss during the lease-up period.
Potential for Extensive Renovation: To maximize rental income and attract quality tenants, considerable renovation and updating of the units may be necessary, adding to initial investment costs.