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    1501 1St Ave Oakland, CA 94606

    For Sale
    $1,080,000

    Classic 1920s fourplex across from Lake Merritt with modern upgrades.

    Lot size:
    0.06 Acres

    Property Features for 1501 1St Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1924

    Source: Eastside West Agent Melanie Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Merritt Fourplex with Upgrades

    This fourplex, located across from Lake Merritt, combines 1920s architecture with modern upgrades. Each unit features lake views, hardwood floors, a formal dining room with built-in china cabinets, and a walk-in closet. The property has been maintained with a new roof, new sewer lateral, and updated plumbing. Unit 1501 has been updated with fresh paint and a new wall heater. Unit 1503 features refinished hardwood floors and new fixtures. Unit 1505 includes a new stove. Unit 1507 has a remodeled kitchen and bathroom, refinished floors, and new paint. Two units are currently vacant and renovated.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.256341
    Latitude
    37.799541

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    FAQs

    What type of property is this?
    Quadplex - Classic 1920s fourplex across from Lake Merritt with modern upgrades.
    Where is this quadplex located?
    The property is located at 1501 1St Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: - Unbeatable Lake Merritt location with **lake views from each unit**; - Two vacant, renovated units **ideal for owner-occupancy or immediate rental income**; - Classic 1920s charm with original features like hardwood floors and built-in china cabinets
    (510) 220-5468
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    1501 1St Ave Oakland, CA 94606
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    Oakland, CA 94606
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 1St Ave Oakland, CA 94606
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