$10,000 Closing Credit¹
#41073976, Huiqing Zhu, Listing Office: Open Realty
#24473677·
Listing Office: Matthews Real Estate Investment Services·
Listing Agent: Daniel Withers·
Listing Office Phone: 866-889-0550
$825,000 List price
1248 E 15th St Oakland, CA 94606
$9,797
Closing credit¹
6 beds
4 baths
3,192 sqft
0.1 acres
$258 / sqft
House
Property details
About 1248 E 15th St
Welcome to an exceptional investment opportunity at 1240-1248 E 15th St, a wellmaintained 4-unit building located near the highly desirable Lake Merritt area ofEast Oakland. With a rare combination of strong cash flow and fantastic upsidepotential this property is a true gem in today's market.Boasting a solid cap rate and occupied by vetted tenants, this asset deliversimmediate stability and consistent rental income. The property is thoughtfullydesigned with an open lot offering valuable off-street parkinga coveted featurethat ensures tenant satisfaction and convenience. Recently landscaped toperfection, the property presents an inviting and well-kept exterior that sets thetone for the entire building.Given the strong demand in the area and the potential for market rent growth, theproperty offers significant upside. Currently fully leased, any future vacancy wouldpresent an opportunity to increase rental income by adjusting rents to prevailingmarket rates, thereby enhancing the overall return on investment.Located just minutes from the iconic Lake Merritt, residents enjoy easy access tovibrant city amenities, parks, and convenient transit options. This is an area withstrong demand for quality housing, and the opportunity for rent growth issubstantial. Whether you're looking for a turn-key investment or a property withexcellent potential to add value, 1240-1248 E 15th St checks all the boxes.Don't miss out on this rare opportunity to acquire a high-performing property in aprime location with future upside and a track record of strong tenancy. This is amust-see for savvy investors looking to grow their portfolio and capitalize on EastOakland's potential.
Highlights
Home typeOther
StatusActive
Size3,192 sqft
Lot size0.1377 Acres
Year built1944
MLS #24473677
Summary
- MLS Number: 24473677
- MLS Name: CRMLS
- Office Name: Matthews Real Estate Investment Services
- Office Phone: (866) 889-0550
- Listing Agent: Daniel Withers
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$825,000
1248 E 15th St
$9,797
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $576,473 | $5,093 |
| 2023 | $95,440 | $5,093 |
| 2022 | $93,570 | $4,641 |
| 2021 | $91,735 | $3,931 |
| 2020 | $90,795 | $3,873 |
| 2019 | $89,015 | $3,325 |
| 2018 | $87,270 | $3,053 |
| 2017 | $85,558 | $3,053 |
History based on county public records data.
Nearby schools
4
Franklin Elementary School
Public District KG-5
0.2 mi
•915 Foothill Blvd
3
Garfield Elementary School
Public District PK-5
0.7 mi
•1640 22nd Ave
4
Bella Vista Elementary School
Public District KG-5
0.8 mi
•1025 E 28th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,655. Residents of Oakland, CA typically earn less than $<35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
52%
<35k
40%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
45%
Single, No Kids
15%
Single, with Kids
17%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
41%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1248 E 15th St
This home is located at 1248 E 15th St in Oakland, CA and zip code 94606 in the Clinton neighborhood. This 3,192 square foot home, which was built in 1944, sits on a 0.14 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $825,000.
In January 2025, from all listings sold in Oakland, CA there were more than 55 sold above asking price, over 42 sold below and more than 22 were sold right at the asked price. Between December and January 2025, Oakland, CA real estate market has seen increase in the number of listings by 13.4%. In January 2025, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $844,105.
From Rocket Homes Real Estate and based on county public records data.