tomo logo

$1,575,000

Beds
6
Baths
4.0
sq ft
2,678

525 Oakland Ave, Oakland, CA 94611

525 Oakland Ave

Oakland, CA 94611

  • 11 days on market
Fantastic investment opportunity in a prime Oakland location! 525 Oakland Ave is a multi-unit property featuring three residential units with incredible rental upside. Ideally situated just minutes from shopping, entertainment, BART, and major freeways, this vibrant neighborhood offers unmatched convenience. Whether you're looking to expand your portfolio or create additional income, this property provides endless possibilities, including the potential to add a fourth unit in the back. Each spacious 3-bedroom, 2-bath apartment spans 1,150 sq. ft. featuring in-unit laundry for ultimate convenience. With easy access to Piedmont Ave’s renowned restaurants, shops, and top-rated Oakland Technical High School, this property is perfectly positioned for strong tenant demand. Just two minutes from the 580 freeway, less than five minutes to downtown Oakland, and only 20 minutes to San Francisco, commuting is a breeze. Whether you're an investor seeking long-term value or a homeowner looking for an income-producing property, 525 Oakland Ave is a rare opportunity not to be missed. Secure a high-demand asset in one of Oakland’s most desirable locations and enjoy strong cash flow potential for years to come!

Details

Property type

Single Family Residence

Est. home value

$1,261,086

Lot size

6,300 sq ft

Price per sq ft

$589

Year built

1909

HOA

No

Price History

02/11/2025
BridgeMLS

BridgeMLS #41085372

Listed
$1,575,000
+27.53%
07/08/2024
BridgeMLS

BridgeMLS #41053512

Removed
$1,235,000
04/16/2024
BridgeMLS

BridgeMLS #41053512

Pending
$1,235,000

Schools & Community

Neighborhood: 

Grand Lake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$24,825
Asking price
$1,575,000
Closing costs (~8% of asking)
-$126,000
Est. remaining loan balance
-$1,473,825
Cash to seller
-$24,825

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2022

Original loan amount

$1,576,792

Est. remaining balance

$1,473,825

Interest rate

3.11%

Loan type

VA, 30 year

Seller

Dwayne Anthony Hankerson and Veronica Latrell Hankerson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/22/2025 at 8:55 AM

Listing updated: 02/17/2025 at 12:40 AM

Listed by: Raymond Rosales, EXP Realty of California Phone #: (925) 918-1340

MLS: BridgeMLS #41085372

BridgeMLS logo

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