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Listed by David R. Valva • Coldwell Banker Realty
$1,299,000
Est. payment /mo
3,112 SqFt
New
500 Fairbanks Ave Oakland, CA 94610
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,112 sqft
Price per Sqft $417
Subdivision Lakeshore
MLS Listing ID 41144258
HOA Y/N No
Year Built 1924
Lot Size 7,141 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
Rare 4-Unit Investment Opportunity in Coveted Grand Lake/Lakeshore Property Neighborhood A rare offering in one of Oakland's most sought-after and predominantly single-family neighborhoods — this well-maintained fourplex sits directly on the Grand Lake/Piedmont border, blending vintage character with income-generating flexibility. Spanning 3,112 square feet on a 7,100 square foot lot, the property features two spacious 2-bedroom units and two 1-bedroom units, offering an ideal mix for owner-occupants seeking rental income or investors building a portfolio in an exclusive, low-inventory pocket of the city. The lower 1 bedroom unit is exceptionally large with a living room, dining room and separate eating area Recent capital improvements include a brand-new roof and fresh exterior paint, protecting your investment for years to come, while original vintage details throughout — from period moldings to classic architectural touches — preserve the timeless charm this neighborhood is known for. Off-street parking adds valuable convenience in this walkable, high-demand corridor. Ideally located just moments from the shops, cafes, and restaurants of Grand Lake, Lakeshore & Piedmont Avenue and the scenic beauty of Lake Merritt, residents enjoy effortless access to some of Oakland's best dining, boutique shopping, and green space. Nearby transportation options make commuting a breeze, adding further appeal for tenants and owner-occupants alike. Opportunities to acquire multifamily property in this exclusive, single-family-dominant enclave are exceptionally rare. Don't miss this chance to own a piece of one of Oakland's premier neighborhoods.
Location
State CA
County Alameda
Interior
Heating Other
Cooling No Air Conditioning
Flooring Hardwood, Laminate, Vinyl, Other
Fireplace No
Appliance Gas Water Heater
Laundry Common Area, Washer/Dryer Hookups
Exterior
View City Lights
Building
Lot Description Premium Lot
Water Public
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
Others
Special Listing Condition Standard
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