1024 50th Ave, Oakland, California 94601, Oakland, 94601 - 2 bed, 1 bath
ACTIVE$499,000
1024 50th Ave, Oakland, California 94601
2Beds
1Bath
747Sqft
5,500Lot
Price Vs. Estimate
The estimated value ($441,702.5) is $57,297.5 (11%) lower than the list price ($499,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Development Potential: The property sits on a 'huge lot' (5500 sqft) with explicit mention of possibilities to 'add additional units for income or build an ADU,' offering substantial future value and expansion opportunities.
Top Cons:
Extensive Renovation Required: Marketed as a 'fixer,' the property demands significant investment in time, resources, and capital for necessary renovations and upgrades to meet modern living standards.
Compared to the nearby listings
Price:$499.0K vs avg $552.5K ($-53,500)36%
Size:747 sqft vs avg 1,126.5 sqft10%
Price/sqft:$668 vs avg $47890%
More Insights
Built in 1917 (108 years old).
Condition: Built in 1917 and explicitly described as a 'fixer,' this property shows significant signs of neglect and disrepair. The images reveal extensive peeling paint, damaged walls, and severely worn flooring in the visible interior room, indicating a need for substantial rehabilitation. While no specific images of the kitchen or bathroom are provided, the overall condition suggests these areas would also require complete renovation. The property is likely unsafe or very uncomfortable to live in its current state, aligning with the 'poor' condition criteria.
Year Built
1917
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$668
HOA
-
Days on market
-
Sold On
-
MLS number
41110887
Home ConditionPoor
Features
View-
About this home
Are you looking for a fixer with endless possibilities. This 2 bedroom one bath craftsman style house sits on a huge lot with a detached one car garage A long cement driveway to park additional cars . Perfect for the car enthusiastic. Or simply add additional units for income or build and ADU for your extended family. Close to all major transportation including Fruitvale BART, Oakland Airport, 880 Freeway and restaurants. Located in a thriving diverse community. Make an offer!
Nearby schools
1/10
Roots International Academy
Public,•6-8•1.0mi
3/10
Melrose Leadership Academy
Public,•PK-8•1.2mi
2/10
Fremont High
Public,•9-12•0.5mi
3/10
Coliseum College Prep Academy
Public,•6-12•1.0mi
2/10
Oakland International High School
Public,•9-12•5.3mi
Condition Rating
Poor
Built in 1917 and explicitly described as a 'fixer,' this property shows significant signs of neglect and disrepair. The images reveal extensive peeling paint, damaged walls, and severely worn flooring in the visible interior room, indicating a need for substantial rehabilitation. While no specific images of the kitchen or bathroom are provided, the overall condition suggests these areas would also require complete renovation. The property is likely unsafe or very uncomfortable to live in its current state, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Significant Development Potential: The property sits on a 'huge lot' (5500 sqft) with explicit mention of possibilities to 'add additional units for income or build an ADU,' offering substantial future value and expansion opportunities.
Excellent Transportation Access: Its prime location provides convenient access to major transportation hubs including Fruitvale BART, Oakland Airport, and the 880 Freeway, enhancing connectivity for residents.
Ample Parking & Detached Garage: A 'detached one car garage' and a 'long cement driveway to park additional cars' offer rare and valuable off-street parking solutions, especially beneficial in an urban setting.
Desirable Architectural Style: The 'craftsman style house' possesses inherent architectural charm and character, which can be a strong aesthetic appeal once renovated.
Vibrant Community Location: Located in a 'thriving diverse community' with access to 'restaurants,' the area offers a dynamic lifestyle and strong local amenities.
Cons
Extensive Renovation Required: Marketed as a 'fixer,' the property demands significant investment in time, resources, and capital for necessary renovations and upgrades to meet modern living standards.
Limited Interior Living Space: With only 2 bedrooms, 1 bath, and 747 sqft, the current interior footprint is quite small, which may not accommodate larger households or those desiring more space without expansion.
Age-Related Maintenance Concerns: Built in 1917, the property is over a century old, suggesting potential for outdated systems (electrical, plumbing, HVAC) and requiring comprehensive inspections and potential costly repairs.