Property Overview:
8079 Greenridge Dr is a multi-family 4-unit apartment complex in the Oakland Hills, CA 94605, built in 1964. The property offers approximately 3,460 sq. ft. of rental space on a 9,000 sq. ft. lot. Each unit is a large 2-bedroom, 1-bath with private bay-view balconies. The estimated home value is $1,162,449.
Neighborhood Highlights:
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Schools:
Nearby schools include Bay Area Technology School, Rudsdale Continuation School and Independent Study, and Sojourner Truth School. -
Shopping & Dining:
Close to Tony’s Market Place, Keller Market, Harry Market, Skyline Pizza, Star Fish Seafood Cafe, and Corner’s Cafe. -
Parks & Recreation:
Near Arroyo Viejo Park, Knowland Park, and Verdese Carter Park. -
Transportation:
Easy access to HWY 580, close to Downtown Oakland, Lake Merritt, San Francisco, Berkeley, and Silicon Valley.
Property Features:
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Unit Mix:
- Four large 2bd/1bth units
- Four off-street parking garages
- Four storage areas
- Large basement area (potential for ADU)
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Interior Upgrades:
- Fully remodeled within the last 5 years
- Stainless steel appliances
- Granite countertops & backsplashes
- Custom cherry cabinets
- Quartz shower surrounds
- New vanities, sinks, and fixtures
- Hardwood floors throughout
- Recessed lighting
- Mirror closet doors
- New dual-pane windows for energy efficiency
- Fresh paint
- Forced air heating
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Exterior & Systems:
- Newer roof
- Upgraded electrical
- Separately metered for PG&E (gas/electric)
- No deferred maintenance (turn-key investment)
- Laundry room on site
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Parking & Storage:
- One carport and one storage space per unit
- Plenty of parking for tenants & owner
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Views:
- Nice views of Oakland Downtown and San Francisco Bay
Investment Highlights:
- Strong current income with excellent rental upside
- High-demand location in the Oakland Hills
- Historically stable tenants (young professionals, on-time payments, easy management)
- Two vacant units (top and bottom left) – ideal for owner-occupant or leasing at market rates
- Turn-key condition – no deferred maintenance
Rental & Renter Criteria:
- Minimum FICO score: 700 (conditional approval 650–700 with extra deposit)
- No prior evictions or unlawful detainers
- Verifiable gross income: at least 2.5x rent/month
- No smoking, no pets
Location Benefits:
- Commuter-friendly: Quick access to freeways and public transportation
- Proximity to shopping, dining, parks, and schools
- Desirable Oakland Hills neighborhood east of 580 Freeway, near Oakland Zoo
- Great for investors or owner-occupants seeking strong returns and quality living