40
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$399,000
Est. payment /mo
6,250 Sqft Lot
New
7430 Lockwood Street Oakland, CA 94621
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Eastmont
MLS Listing ID 41143775
HOA Y/N No
Year Built 1951
Lot Size 6,250 Sqft
Property Sub-Type Duplex
Property Description
Investment Opportunity with Upside! Unlock the potential of this spacious duplex offering two generously sized 2-bedroom, 1-bathroom units, each featuring a traditional floor plan with formal dining rooms, oversized bedrooms, and plenty of natural light. Whether you're looking to expand your investment portfolio or secure a property with future value-add opportunities, this one deserves a closer look. The rear unit has been recently remodeled, providing updated finishes while the front unit offers an opportunity to add your own personal touch over time. Both units are tenant occupied, creating immediate rental income from day one. A major advantage for investors is that each unit has its own separate water meter, allowing tenants to pay their own water bill, helping reduce owner operating expenses and improve cash flow. Outside, you'll find one of this property's biggest assets—a large two-car detached garage with excellent ADU conversion potential (buyer to verify), a long driveway with ample off-street parking, and an expansive backyard that offers endless possibilities for additional outdoor living or future improvements. Conveniently located with easy access to major commuter routes, public transportation, schools, shopping, and everyday amenities, this property offers the combination of strong income potential, lower operating costs, future development opportunities, and long-term value that savvy investors are looking for. Whether you're completing a 1031 exchange, expanding your rental portfolio, or searching for your next value-add opportunity, this duplex checks all the boxes. Income today. Opportunity tomorrow. Don't miss your chance to own this versatile Oakland duplex with built-in rental income, separate tenant-paid water service, ADU potential, and room to build long-term wealth. Schedule your private showing today!
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Carpet, Vinyl
Fireplace No
Exterior
Parking Features Garage
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Back Yard, Front Yard
Others
Tax ID 403326321
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Je'an Eason Main Source Real Estate #02067600
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