1501 First Ave., Oakland, CA 94606

Property Description

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.

Listing Status:

Active

Date Added:

October 24, 2025 at 05:00AM

Listing Office:

Eastside West : 510-220-5468

Listing Agent:

Melanie Anderson :

MLS ID:

41115716

Interior

• Appliances: Gas Water Heater
• Flooring: LaminateVinylWood
• A/C: None
• Heating: See Remarks

Exterior

• Parking: Parking spaces: 0

Construction

• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CCBE
• County: Alameda

Lot

• Zoning: 2012921

Financial

• Source: CRMLS_CCBE

This listing courtesy of Melanie Anderson, Eastside West