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.
Property Details
Price:
$499,000
MLS #:
41129918
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
ALLENDALE
Listed Date:
Apr 7, 2026
Finished Sq Ft:
1,450
Lot Size:
3,590 sqft / 0.08 acres (approx)
Year Built:
1954
See this Listing
Schools
Interior
Bathrooms
2 Full Bathrooms
Flooring
WOOD
Heating
ELC, GAS
Levels
A
Exterior
Attached Garage YN
1
Construction Materials
WOD
Garage Spaces
2
Parking Spots
2
Parking Total
2
Financial
Map
Community
- Address4031 Penniman Ave Oakland CA
- SubdivisionALLENDALE
- CityOakland
- CountyAlameda
- Zip Code94619
Subdivisions in Oakland
- ALAMEDA
- ALLENDALE
- ARROYO PARK
- CENTRAL STATION-PACIFIC CANNERY LOFTS
- CLEVELAND HEIGHTS
- CLINTON
- CRESTMONT
- CROCKER HGHLANDS
- CROCKER/GLENVIEW
- DIMOND
- E OAKLAND
- EAST OAKLAND
- ELMHURST
- GLENVIEW
- HARRINGTON
- HIGHLAND PARK
- HILLER HIGHLANDS
- Hoover-Foster
- JACK LONDON
- KING ESTATES
- LAKESIDE
- LAS PALMAS
- LINCOLN HIGHLAND
- LOCKWOOD
- Longefellow
- LOWER ROCKRIDGE
- MACARTHUR
- MERRIEWOOD
- MILLMONT
- MONTCLAIR
- MOSSWOOD
- NOBE
- OAK CENTER
- OAK KNOLL
- OAKLAND
- OAKLAND HILLS
- OAKLAND ZOO
- PIEDMONT BORDER
- PRESCOTT
- Prescott South
- REDWOOD HEIGHTS
- RIDGEMONT
- ROCKRIDGE
- SAN ANTONIO
- SANTA FE
- SEQUOYAH HILLS
- TEMESCAL
- UPPER DIMOND
- UPPER LAUREL
- UPPER MILLSMONT
- UPPER ROCKRIDGE
- Uptown
- WEST OAK
- WEST OAKLAND
Market Summary
Current real estate data for Single Family in Oakland as of May 21, 2026
466
Single Family Listed
88
Avg DOM
525
Avg $ / SqFt
$1,002,048
Avg List Price
Property Summary
- Located in the ALLENDALE subdivision, 4031 Penniman Ave Oakland CA is a Single Family for sale in Oakland, CA, 94619. It is listed for $499,000 and features 4 beds, 2 baths, and has approximately 1,450 square feet of living space, and was originally constructed in 1954. The current price per square foot is $344. The average price per square foot for Single Family listings in Oakland is $525. The average listing price for Single Family in Oakland is $1,002,048.
Similar Listings Nearby
Courtesy of Complex Living Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.4031 Penniman Ave
Oakland, CA