$1,080,000
OPEN SUN 2PM - 4PM

1501-3-5-7 1st Ave Oakland, CA 94606

Merritt Neighborhood

Estimated payment $6,744/month

4 Beds
4 Baths
3,083 Sq Ft
$350 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Heating Available
  • Corner Lot
  • Fireplace
  • 1-minute walk to Pittman Green

About This Home

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 Agent

Melanie Anderson

Eastside West License #01904137 Listed on: 10/24/2025

Open House Schedule

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 2,806 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Bitumen Roof
  • Stucco

Interior Spaces

  • Fireplace

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating Available
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Lake Merritt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2012921

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Year Built: 1924
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Subdivision Name: Lake Merritt
  • Directions: Lakeshore to First
  • Garage Yn: No
  • Special Features: 4097

Interior Features

  • Flooring: Hardwood, Linoleum, Vinyl
  • Appliances: Gas Water Heater
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Roof: Bitumen
  • Lot Features: Corner Lot
  • Construction Type: Stucco

Garage/Parking

  • Parking Features: No Parking on Site

Utilities

  • Heating: Other
  • Cooling: No Air Conditioning
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 2806
  • Parcel Number: 2012921

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2025 10/24/25 For Sale $1,080,000 -8.3% $350 / Sq Ft
11/30/2021 11/30/21 Sold $1,178,050 -15.6% $382 / Sq Ft View Prior Sale
11/11/2021 11/11/21 Pending -- -- --
09/28/2021 09/28/21 For Sale $1,395,000 -- $452 / Sq Ft
Source: Bay East Association of REALTORS®

Source: Bay East Association of REALTORS®

MLS Number: 41115716

Bay East Association of REALTORS®
California Alameda County Oakland 94606 Merritt

1501-3-5-7 1st Ave, Oakland, CA

This home is located at 1501-3-5-7 1st Ave, Oakland, CA 94606 and is currently priced at $1,080,000, approximately $350 per square foot. This property was built in 1924. 1501-3-5-7 1st Ave is a home located in Alameda County with nearby schools including La Escuelita Elementary School, Westlake Middle School, and Oakland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay East Association of REALTORS® Bay East ©2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Melanie Anderson
Listing Agent
Melanie Anderson
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Eastside West
(510) 386-0813