2550 Damuth St Oakland, CA 94602
Dimond District NeighborhoodEstimated payment $7,031/month
Highlights
- No HOA
- Attached Garage
- Carpet
- Fireplace
- Coin Laundry
- Heating System Uses Natural Gas
About This Home
PRICED BELOW MARKET......This Amazing Opportunity Will Not Last Long! Located at 2550 Damuth Street, this multi-family property presents a compelling opportunity for the owner-occupant buyer looking to combine comfortable living with steady rental income. The building spans 4,003 square feet, spread across multiple units. A dedicated 3 bedroom, 2 full bathroom ground-floor owner's unit, CURRENTLY VACANT, offers private backyard and spacious patio area providing peaceful living while the remaining units generate $60K+ annual income to help offset your mortgage payment each month. For investors, the numbers tell a strong story-multiple revenue-generating units under one roof mean consolidated management & lower per-unit operating costs. ALL 3 occupied units have been extensively upgraded and potentially maintenance free for years to come. With clear renovation potential in the owner's unit, strategic upgrades in the owner's unit can significantly boost rental income and overall property value, delivering excellent return on investment. The neighborhood speaks for it's self. The setting is truly serene. Nestled on a tree-lined street in a peaceful neighborhood renowned for tenant retention, this location is highly desirable to residents that appreciate tranquility without sacrificing accessibility. Daily conveniences include shopping and banking while the majestic redwood trails of Joaquin Miller Park offer an unparalleled outdoor retreat that consistently attracts quality tenants. Effortless connectivity to Highway 13 ensures swift passage throughout the greater Bay Area, adding yet another layer of desirability. OPEN HOUSE; May 15th at 3pm to 3:30pm.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 3,150 Sq Ft Lot
Home Design
- Quadruplex
- Stucco
Interior Spaces
- Fireplace
- Leased Washer and Dryer
Flooring
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Parking
- Attached Garage
- Off-Street Parking
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2999455
Community Details
Overview
- No Home Owners Association
- 4 Units
- Lincoln Heights Subdivision
Amenities
- Coin Laundry
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 | $7,643 | $176,038 | $76,005 | $100,033 |
| 2024 | $7,643 | $172,586 | $74,515 | $98,071 |
| 2023 | $6,029 | $169,202 | $73,054 | $96,148 |
| 2022 | $5,567 | $165,885 | $71,622 | $94,263 |
| 2021 | $4,838 | $162,632 | $70,217 | $92,415 |
| 2020 | $4,772 | $160,965 | $69,497 | $91,468 |
| 2019 | $4,278 | $157,810 | $68,135 | $89,675 |
| 2018 | $4,189 | $154,716 | $66,799 | $87,917 |
| 2017 | $3,890 | $151,682 | $65,489 | $86,193 |
| 2016 | $3,695 | $148,708 | $64,205 | $84,503 |
| 2015 | $3,667 | $146,475 | $63,241 | $83,234 |
| 2014 | $3,867 | $143,605 | $62,002 | $81,603 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/22/2026 04/22/26 | Price Changed | $1,198,888 | -4.1% | $299 / Sq Ft |
| 03/07/2026 03/07/26 | For Sale | $1,250,000 | -- | $312 / Sq Ft |
Source: Bay East Association of REALTORS®
MLS Number: 41126396
APN: 029-0994-005-05
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Ask me questions while you tour the home.