500 Fairbanks Ave, Oakland, CA 94610

Property Description

Rare 4-Unit Investment Opportunity in Coveted Grand Lake/Lakeshore Property Neighborhood A rare offering in one of Oakland's most sought-after and predominantly single-family neighborhoods — this well-maintained fourplex sits directly on the Grand Lake/Piedmont border, blending vintage character with income-generating flexibility. Spanning 3,112 square feet on a 7,100 square foot lot, the property features two spacious 2-bedroom units and two 1-bedroom units, offering an ideal mix for owner-occupants seeking rental income or investors building a portfolio in an exclusive, low-inventory pocket of the city. The lower 1 bedroom unit is exceptionally large with a living room, dining room and separate eating area Recent capital improvements include a brand-new roof and fresh exterior paint, protecting your investment for years to come, while original vintage details throughout — from period moldings to classic architectural touches — preserve the timeless charm this neighborhood is known for. Off-street parking adds valuable convenience in this walkable, high-demand corridor. Ideally located just moments from the shops, cafes, and restaurants of Grand Lake, Lakeshore & Piedmont Avenue and the scenic beauty of Lake Merritt, residents enjoy effortless access to some of Oakland's best dining, boutique shopping, and green space. Nearby transportation options make commuting a breeze, adding further appeal for tenants and owner-occupants alike. Opportunities to acquire multifamily property in this exclusive, single-family-dominant enclave are exceptionally rare. Don't miss this chance to own a piece of one of Oakland's premier neighborhoods.

Listing Status:

Active

Date Added:

August 7, 2026

Data Last Updated:

August 24, 2026 at 7:17AM

Listing Office:

Coldwell Banker Realty : 510-339-4700

Listing Agent:

David R. Valva : 510-851-0282

MLS ID:

41144258

Interior

• Appliances: Gas Water Heater
• Flooring: LaminateVinylWood
• A/C: None
• Heating: See Remarks

Exterior

• Parking: On StreetParking spaces: 6

Construction

• Roofing: CompositionTile
• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_BMLS
• County: Alameda

Lot

• Zoning: 11856281
• View: City LightsView

Financial

• Source: CRMLS_BMLS