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.
Sold for $965,000
$965,000
1501-7 1st Ave, Oakland, CA 94606
4beds
4baths
3,083sqft
Multi Family, Quadruplex
Built in 1924
-- sqft lot
$948,400 Zestimate®
$313/sqft
$3,297 Estimated rent
Home value
$948,400
$854,000 - $1.05M
$3,297/mo
Zestimate® history
Owner options
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$3,297/mo
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$3,297/mo
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$6,204/mo
Est. payment
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List your homeWhat's special
Modern upgradesNew roofNew fixturesNew stoveNew wall heaterIconic lake merrittLake views
Zillow last checked:
Listing updated:
Listed by:
Melanie Anderson DRE #01904137 510-386-0813,
Eastside West
Bought with:
Terry Solomon-Tilley, DRE #01992351
Compass
Source: Bay East AOR,MLS#: 41115716
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Other
Cooling
- No Air Conditioning
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Linoleum, Vinyl
- Basement: None
- Has fireplace: Yes
Interior area
- Total structure area: 3,083
- Total interior livable area: 3,083 sqft
Property
Parking
- Parking features: None
Features
- Fencing: Fenced
Lot
- Size: 2,806 Square Feet
- Features: Corner Lot, Back Yard
Details
- Parcel number: 2012921
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Bitumen
Condition
- Year built: 1924
Utilities & green energy
- Utilities for property: Individual Gas Meter
Community & HOA
Community
- Features: None
- Subdivision: Lake Merritt
HOA
- Has HOA: No
Location
- Region: Oakland
Financial & listing details
- Price per square foot: $313/sqft
- Annual tax amount: $20,419
- Price range: $965K - $965K
- Date on market: 10/24/2025
- Listing agreement: Excl Right
- Listing terms: Cash,Conventional
- Lease term: Other
- Total actual rent: 34380
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2026 | Sold | $965,000-10.6%$313/sqft |
Source:  Bay East AOR #41115716 Report a problem | ||
| 1/9/2026 | Pending sale | $1,080,000$350/sqft |
Source: Bay East AOR #41115716 Report a problem | ||
| 10/24/2025 | Listed for sale | $1,080,000-8.3%$350/sqft |
Source: Bay East AOR #41115716 Report a problem | ||
| 11/30/2021 | Sold | $1,178,050-9%$382/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #40968852 Report a problem | ||
| 11/12/2021 | Pending sale | $1,295,000$420/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #40968852 Report a problem | ||
| 10/25/2021 | Price change | $1,295,000-7.2%$420/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #40968852 Report a problem | ||
| 9/28/2021 | Listed for sale | $1,395,000$452/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #40968852 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Merritt
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Nearby schools
GreatSchools rating
- 2/10La Escuelita Elementary SchoolGrades: K-5Distance: 0.3 mi
- 2/10Westlake Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Oakland High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$948,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$948,400
- California
- Alameda County
- Oakland
- 94606
- Merritt
- 1501-7 1st Ave
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