# House Hacking in Oakland (94607): A 762-unit TOD on the 7-minute BART ride to SF · The Rent Hacker > Oakland 94607 for house hackers: The single fastest SF commute in the metro (West Oakland BART, about 7 minutes to Embarcadero) plus a 762-unit TOD moving to Canonical: https://therenthacker.com/house-hacking/west-oakland-94607/ Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml --- [East Bay guide](/house-hacking/east-bay/) · Tier S · Rank #3 of 87 # House hacking in Oakland (West Oakland / Jack London / Prescott). The single fastest SF commute in the metro (West Oakland BART, about 7 minutes to Embarcadero) plus a 762-unit TOD moving to construction: location arbitrage against SF rents. **Status check:** Verified 2026-07-15: Mandela Station's construction start slipped from mid-2026 to late summer or early fall 2026, a modest slip with no scope cut, and active prep work (soil testing, a partial BART lot closure) continues. The multi-catalyst thesis held; tier stays S. ## What's actually happening in 94607 - Phase 1 moving to construction Mandela Station TOD at West Oakland BART (1451 7th St): 762 units, 300k sqft office, 53k sqft retail; Phase 1 (240 affordable units) moving to construction with a late-2026 start. [SF YIMBY](https://sfyimby.com/2026/02/initial-construction-on-west-oakland-transit-oriented-development-planned-to-start-later-this-year.html) - Operational West Oakland BART is the first East Bay stop on every transbay line (about 7 minutes to SF), with Amtrak Jack London and the Oakland ferry nearby. [BART FY25 Capital Investment Plan](https://www.bart.gov/sites/default/files/2024-10/Final%20FY25%20Capital%20Investment%20Plan%20-%20October%202024.pdf) - Existing anchor Port of Oakland (seaport plus OAK): the Port and its partners support about 98,000 regional jobs, in-ZIP with the Jack London district. [Port of Oakland](https://www.portofoakland.com/economic-impact/) - Adopted Downtown Oakland Specific Plan (adopted July 2024): density and a Zoning Incentive Program in Jack London and Victory Court, with SB 79 amendments near West Oakland BART. [Reuben, Junius & Rose](https://www.reubenlaw.com/downtown-oakland-specific-plan-approved/) - Stalled: a caveat, never a catalyst Pipeline caveat: 500 Kirkham (1,032 approved units) stalled on a developer default; Howard Terminal remains conceptual. [SF YIMBY](https://sfyimby.com/2026/06/temporary-parking-proposed-for-500-kirkham-street-west-oakland.html) ## The numbers Median price Below Oakland median (per-sqft basis; city proxy) Market rent Oakland proxy $2,250/mo (2bd $2,588; Zumper, Jun 2026) Property tax (Alameda County) ~1.71% effective (Oakland city median; new purchases reassess at price) Per-bed rent band $1,000–1,400/mo per bed ADU rent band $1,900–2,500/mo Whole-home rent band 2bd $2,600 / 3bd $3,200 whole-home Underwriting vacancy 5% underwriting vacancy Appreciation scenarios 2.0 / 3.5 / 5.0 %/yr (conservative / base / upside) Trades below the Oakland median per sqft; the ferry/BART premium is rising. Appreciation basis: Mandela plus SF arbitrage; old stock and industrial remediation carry high capex. Rent bands are city-level medians; confirm the specific parcel before trusting any of them. [Run your own scenario in the calculator](/calculator/). ## Buildings we underwrote in 94607 11 buildings in 94607 carry a record. 3 beat renting and index funds; the rest did not. Every row links to its own page, with the numbers it was scored on. Property At our defaults Status [636 Alice St](/property/rh-9z6ps3/636-alice-st/) 2 units · $599,000 +$64,908 House-Hack Underwritten — beats renting and index funds, below the publish cut [2136 Linden St](/property/rh-62mimj/2136-linden-st/) 2 units · $499,000 +$113,266 House-Hack Underwritten — beats renting and index funds, below the publish cut [344 Peralta St](/property/rh-ap4v4a/344-peralta-st/) 2 units · $699,000 +$79,525 House-Hack Underwritten — beats renting and index funds, below the publish cut [1810 Adeline St](/property/rh-x98p7b/1810-adeline-st/) 2 units · $838,850 −$95,281 S&P 500 Underwritten — the index wins at our defaults [1717 9th St](/property/rh-sxkjv8/1717-9th-st/) 2 units · $699,000 −$116,329 S&P 500 Underwritten — the index wins at our defaults [858 Pine St](/property/rh-fkkbbb/858-pine-st/) 2 units · $975,000 −$210,712 S&P 500 Underwritten — the index wins at our defaults [1002-1004 36th St](/property/rh-v2kv64/1002-1004-36th-st/) 2 units · $949,000 −$259,515 S&P 500 Underwritten — the index wins at our defaults [1221 Campbell St](/property/rh-hgf72v/1221-campbell-st/) 2 units · $768,000 −$297,799 S&P 500 Underwritten — the index wins at our defaults [939-941 1/2 26th St](/property/rh-sk95bp/939-941-1-2-26th-st/) 2 units · $895,000 −$484,038 S&P 500 Underwritten — the index wins at our defaults [1032 Peralta St](/property/rh-mmr1ry/1032-peralta-st/) 2 units · $750,000 −$508,442 S&P 500 Underwritten — the index wins at our defaults [1630 Filbert St](/property/rh-ubonnu/1630-filbert-st/) 2 units · $950,000 −$564,693 S&P 500 Underwritten — the index wins at our defaults The full [board](/board/) shows every region's current week; this table is every record we hold for 94607, newest basis first. ## The house-hack angle Live-work lofts and small multifamily near the BART/ferry pair, renting the SF-commuter premium; DOSP and SB 79 raise the value-add ceiling on 2–4-unit parcels. ## What breaks it - Stalled marquee projects (500 Kirkham, Golden West) signal financing friction: model the transit premium, not Howard Terminal upside - Industrial adjacency and air quality - Gentrification-displacement politics This page is the standing analysis. The weekly part, actual Oakland-area listings that pass the math, lands on the East Bay board every Wednesday. [This week's East Bay board](/board/sf-east-bay/) [This week's East Bay board](/board/sf-east-bay/) · [Read past East Bay issues](/issues/sf-east-bay/) · [Every pick, on the record](/track-record/) · [How a deal becomes a pick](/methodology/) Data synthesized 2026-07-04, catalysts re-verified 2026-07-15. Mortgage-rate basis: 6.43% (Freddie Mac PMMS, week of 2026-07-02). Sources are the public planning documents and market listings named above, fetched on the synthesis date. Nothing here is investment advice; every deal needs a bindable insurance quote and parcel-level verification.