2506 Highland Ave Oakland, CA 94606
Highland Terrace NeighborhoodEstimated payment $5,898/month
Highlights
- Wood Flooring
- Attached Garage
- Cooling Available
- No HOA
- Crown Molding
- 4-minute walk to Manzanita Recreation Center
About This Home
High-Cash Flow Multi-Unit Property in Highland Terrace – All Units Vacant! Don’t miss this exceptional investment opportunity in the highly desirable Highland Terrace neighborhood. This multi-unit property is fully vacant and ready for you to place tenants at market rent—or move in and house-hack while generating strong income. The main level features a spacious 4B/2B unit with a large living and dining room adorned with traditional crown molding. The kitchen includes Cherrywood cabinets and all appliances—making it ideal as a comfortable primary residence. The garage has been thoughtfully converted into a separate 2B/1B unit, offering even more income potential. Back unit is a fully independent 2B/1B unit with its own PG&E and water meters, full kitchen, and bathroom—perfect for separate tenants or extended family. The home sits on a generous lot with a decent-sized backyard, a wide driveway, and an automatic security gate for added convenience and privacy. Market rent estimates from Rentometer.com: * 4B/2B main unit: $3,500/month * Upper 2B/1B unit: $2,700/month * Lower 2B/1B converted unit: $2,500/month That’s a potential gross rental income of $8,700/month, offering a rare opportunity for both investors and savvy buyers looking to live in one
Co-Listing Agent
Gloria Chun
License #02084703
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,295
Year Built
- Built in 1911
Lot Details
- 4,445 Sq Ft Lot
- Back Yard
Home Design
- Duplex
- Composition Shingle Roof
- Wood Siding
- Stucco
Interior Spaces
- Crown Molding
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- Attached Garage
- Off-Street Parking
Utilities
- Cooling Available
- Forced Air Heating System
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2235127
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,295 | $885,360 | $265,608 | $619,752 |
| 2024 | $13,295 | $868,000 | $260,400 | $607,600 |
| 2023 | $14,673 | $902,700 | $270,810 | $631,890 |
| 2022 | $8,430 | $462,047 | $138,614 | $323,433 |
| 2021 | $7,948 | $452,991 | $135,897 | $317,094 |
| 2020 | $7,859 | $448,347 | $134,504 | $313,843 |
| 2019 | $7,492 | $439,560 | $131,868 | $307,692 |
| 2018 | $7,338 | $430,943 | $129,283 | $301,660 |
| 2017 | $7,028 | $422,495 | $126,748 | $295,747 |
| 2016 | $6,777 | $414,211 | $124,263 | $289,948 |
| 2015 | $6,740 | $407,991 | $122,397 | $285,594 |
| 2014 | $4,020 | $200,907 | $60,272 | $140,635 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $899,000 | 0.0% | $397 / Sq Ft |
| 06/19/2025 06/19/25 | Off Market | $899,000 | -- | -- |
| 06/12/2025 06/12/25 | For Sale | $899,000 | +3.6% | $397 / Sq Ft |
| 02/04/2025 02/04/25 | Off Market | $868,000 | -- | -- |
| 09/08/2023 09/08/23 | Sold | $868,000 | -7.5% | $383 / Sq Ft |
| 08/11/2023 08/11/23 | Pending | -- | -- | -- |
| 07/20/2023 07/20/23 | For Sale | $938,000 | -- | $414 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $868,000 | Old Republic Title Company | |
| Quit Claim Deed | -- | Old Republic Title Company | |
| Grant Deed | $885,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $300,000 | Chicago Title Company | |
| Quit Claim Deed | -- | None Available | |
| Grant Deed | $200,000 | None Available | |
| Trustee Deed | $222,500 | Landsafe Title | |
| Interfamily Deed Transfer | -- | Alliance Title Company | |
| Interfamily Deed Transfer | -- | Alliance Title Company | |
| Interfamily Deed Transfer | $157,500 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | $285,000 | Chicago Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $651,000 | New Conventional | |
| Previous Owner | $516,000 | New Conventional | |
| Previous Owner | $90,000 | Purchase Money Mortgage | |
| Previous Owner | $220,000 | Purchase Money Mortgage | |
| Previous Owner | $552,000 | New Conventional | |
| Previous Owner | $515,000 | Balloon | |
| Previous Owner | $427,200 | Unknown | |
| Previous Owner | $315,000 | No Value Available | |
| Previous Owner | $281,002 | FHA |
Source: Bay East Association of REALTORS®
MLS Number: 41101219
APN: 022-0351-027-00
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