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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.

Overview

Property Status
For Sale
Lot Size
7,141 Sq.Ft.
MLS ID
41144258
Property Type
Multi-Family
Year Built
1924

Features & Amenities

Neighborhood
Oakland
View Description
City Lights
Water Source
Public
Roof
Rolled/Hot Mop, Tile, Other
Lot Features
Premium Lot
Parking
Off Street, Street Parking
Heat Type
Other
Air Conditioning
No Air Conditioning
Laundry Room
Common Area, Washer/Dryer Hookups
Appliances
Gas Water Heater
Sewer
Public Sewer
Other Exterior Features
Back Yard, Front Yard
School District
Oakland (510) 879-8111
Sales Price
$1,299,000

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500 Fairbanks Ave

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500 Fairbanks Ave

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