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Closed
- Listed price
- $1,200,000
- Listed Apr 8, 2022
- Sold price
- $968,888
- Sold Jul 14, 2022
8,315 sqft lot|1895 Built|30 MLS days on market
1524 7Th Ave, Oakland, CA 94606
Property Description
7 units near Lake Merritt and Downtown Oakland that can be bought for only $1.2MM using residential financing?—No, it’s NOT too good to be true. Introducing 1518 and 1524 7th avenue, a pair of multifamily properties owned by the same family since 1946 that share a common gated entry and walkway. The first (1518) is a 1,364 sq. ft. duplex, which consists of 2, 1BR/1BA units. The second (1524) is a 3,876 fourplex that includes 2, 1BR/1BA units, 1, 3BR/1BA unit, 1, 4BD/1BA unit and a non-conforming 1BR/1BA cottage. Best of all?—Additional space in the rear of the two lots presents a clear ADU development opportunity. Located in Oakland’s Clinton neighborhood, these properties offer prospective investors much in the way of long-term value. Not only are the current rents below market rate, but the area is seeing a resurgence of renter interest due to its exceptional restaurants, abundant green spaces, and proximity to key commuter thoroughfares such as Interstate 880.
Listing agent: Joey WangDRE #01890931joeywang@kwcommercial.com, Listing office: Keller Williams Realty
MLS data updated 10/26/2026, 1:11:58 AM PT
Source: CRMLSMLS #: 40988149
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$968,888
Jul 14, 2022
Available records22022
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
$968,888Closed sale · Jul 14, 2022ZIP 94606 · Jul 2022
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 recordsApr 8, 2022 – Jul 14, 2022
ZIP 94606 · same property typeThis MLS property type has no exact comparison group.
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.
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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.