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Closed
- Listed price
- $1,075,000
- Listed Nov 15, 2022
- Sold price
- $1,075,000
- Sold Jan 20, 2023
5,797 sqft lot|1964 Built|4 MLS days on market
1501 51st Ave, Oakland, CA 94601
Property Description
Fairfax Apartments is a well-maintained fourplex on a quiet street. Built in 1964, this 3,232 SF* building is situated on a 5,797 SF* lot. The property consists of four 2-bed/1-bath units that average 800 SF* each. Two units are not currently rented, allowing for an owner move-in or rent at market rate. Current rents are approximately 23% below market rate, providing the opportunity to increase the NOI by approximately 28%. All units are individually metered for gas and electric. The property also features a sizable parking area at the back of the building that can fit up to four cars. Parking/storage is a potential source of additional income. The property is located in the Fairfax neighborhood of Oakland. The area is “Very Walkable” and has “Good Transit,” according to Walk Score. Supermarkets, cafes, restaurants, parks, and other conveniences are within walking distance. Downtown Oakland, Lake Merritt, and two BART stations are 10 minutes away by car. *To be verified by Buyer.
Listing agent: Adam StilesDRE #02090455adam.stiles@marcusmillichap.com, Listing office: Marcus & Millichap
MLS data updated 10/26/2026, 4:12:57 PM PT
Source: CRMLSMLS #: 41014239
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,075,000
Jan 20, 2023
Available records22022–2023
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,075,000Closed sale · Jan 20, 2023ZIP 94601 · Jan 2023
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsNov 15, 2022 – Jan 20, 2023
ZIP 94601 · same property typeLoading eligible closed sales…
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.