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$499,000 Just Listed
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Property Description
Welcome to 4031 Penniman Ave, a rare investment opportunity in the heart of Oakland's desirable Allendale neighborhood! This single-level 2-unit duplex features a total of 4 bedrooms and 2 bathrooms across 1,450 sq. ft., offering incredible potential for homeowners and investors alike. Each unit boasts spacious living areas and private backyard access, providing the perfect canvas to create your dream space. While the home needs some TLC, its prime location and competitive price make it a fantastic value in today's market. Whether you're looking to renovate and rent, live in one unit and rent the other, or maximize your ROI, this property is a must-see! Perfect for future ADU. With easy access to highways, BART, shopping, and restaurants, 4031 Penniman Ave offers both convenience and potential in one of Oakland's up-and-coming areas. Don't miss out on this chance.
Full Property Details
Full Property Details for 4031 Penniman Ave
General
- Price: $499,000
- Status: Active
- Type: Single Family
- Source: MAX
- MLS ID: 41129918
- Updated: 4/7/2026
- Added to Site: 5 day(s) ago
Interior
- Number of Rooms: 10
- Fireplace(s): None
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Kitchen: None
- Laundry: Hookups Only
Additional Information
- Equipment: None
Exterior
- Exterior Features: Back Yard, Front Yard, Side Yard
Parking
- Garage Spaces: 2
- Parking Features: Detached, Parking Spaces
Location
- Area: Listing
- County: Alameda
- Subdivision: Allendale
- Driving Directions: use GPS
Heating & Cooling
- Cooling Type: No Air Conditioning
- Heating Type: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: None
- Exterior Const.: Frame
- Roof: None
- Stories/Levels: One Story
- Year Built: 1954
Lot Features
- Lot Size (Acres): 0.08
- Lot Dimensions: 3590
- Lot Features: Corner Lot
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $344
Disclosures and Reports
- Property ID: 3220554
Listed by Complex Living Real Estate, Erica Jackson
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Schools
Schools serving 4031 Penniman Ave
School District:Oakland Unified School District
| Name | Grades | Distance |
|---|---|---|
Allendale Elementary School 3670 Penniman Avenue, Oakland, CA 94619 | PK-5 | 0.2 mi |
Bret Harte Middle School, Oakland, CA 3700 Coolidge Avenue, Oakland, CA 94602 | 6-9 | 1 mi |
Skyline High School 12250 Skyline Boulevard, Oakland, CA 94619 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4031 Penniman Ave
Date
Details
Price
Change
Source
4/07/2026
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4031 Penniman Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,186
48%
$54,200
2%
2024
$4,187
40%
$53,138
2%
2023
$3,001
4%
$52,095
2%
2022
$2,893
20%
$51,074
2%
2021
$2,412
-12%
$50,072
1%
2020
$2,750
-75%
$49,560
-93%
2019
$11,057
126%
$700,000
1370%
2018
$4,882
149%
$47,634
2%
2017
$1,960
-21%
$46,701
2%
2016
$2,487
6%
$45,785
2%
2015
$2,349
33%
$45,098
2%
2014
$1,768
2%
$44,215
—
2013
$1,725
—
$44,014
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4031 Penniman Ave
4031 Penniman Ave, Oakland, CA 94619 (MLS# 41129918) is a Single Family property with 4 bedrooms and 2 full bathrooms. 4031 Penniman Ave is currently listed for $499,000 and was received on April 07, 2026. Want to learn more about 4031 Penniman Ave? Do you have questions about finding other Single Family real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

