1501 First Ave. Oakland, CA ^$ 1,080,000

1501 First Ave.

^$ 1,080,000

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1501 First Ave.

Oakland, CA, 94606

^$ 1,080,000

Studio Baths1.0

Monthly Estimate*

^$ 6,738

Listed by Eastside West

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Studio

Multi-Family Home for sale in Oakland, CA

for $1,080,000 with 1 full bath. This home was built in 1924 on a lot size of 0.0644.

Perfectly positioned across from iconic Lake Merritt, this classic fourplex blends timeless 1920s charm with thoughtful modern upgrades. Each light-filled unit enjoys lake views, hardwood floors, formal dining room with built-in china cabinets, and spacious walk-in closet. The property has been beautifully maintained with a new roof, new sewer lateral, and updated plumbing. Each junior one-bedroom offers its own appeal: 1501 – Updated, freshly painted, new wall heater 1503 – Updated, refinished hardwood floors, new fixtures 1505 – New stove (not updated) 1507 – Fully remodeled kitchen and bathroom, refinished floors, new paint Two units are currently vacant, both have been renovated—ideal for an owner-occupant or to capture immediate market rents. With its unbeatable Lake Merritt location, vintage character, and key system improvements, this property is a rare opportunity for investors seeking both charm and long-term value.

Multi-Family Active

Price

^$ 1,080,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.0644

Year Built

1924

Town/City

Oakland

County/Region

Alameda

MLS | Web ID

41115716

Days on Market

Features

General

Heating See Remarks

Possession Close Of Escrow

Appliances Gas Water Heater

HOA Fee 0

Construction Materials Stucco

Year Built 1924

Tenant Pays Gas

Property Subtype Quadruplex

County Alameda

Insurance Expense 5890

Property Type Residential Income

Subdivision Name LAKE MERRITT

Status Active

Directions Lakeshore to First Cross Street: Lakeshore.

City Oakland

Number Of Units Total 4

Lot Size Units Square Feet

Lot Size Square Feet 2806

Listing Terms Cash Conventional

Virtual Tour https://null/mls https://null

Standard Status Active

Property Sub Type Additional Quadruplex

Interior

Flooring Laminate Vinyl Wood

Air Conditioning Y/N 0

Heating Y/N 1

Total Baths 0

Exterior

Lot Features Back Yard Corner Lot

Total Parking 0

Lot Size Area 2806

Lot Size Acres 0.0644

Lot Size Source Public Records

* Excluded Features

List By

Eastside West

Broker

melanie@eastsidewest.com

Affordability Calculator

$6,738

Per Month

Monthly Principal & Interest: $6,738
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Oakland, CA

Average List Price ^$1,011,895

Percent of Sale Price 6%

About Oakland, CA

423,136 Population

6% Since 2002

^$62,902 Median Income

38.73 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$1,080,000		Listed Price

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1501 First Ave., Oakland, CA, 94606 is a Multi-Family Home for sale at $1,080,000 with a lot size of 0.0644. 1501 First Ave. is a studio with 1.0 baths and was built in 1924. The property's zip code is 94606 which is in Oakland, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/12/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1501 First Ave.

Multi-Family Home for sale in Oakland, CA

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