
Alameda, California 94501
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $895,000—positioned well below the $978,115 Fair Market Value by 8%. This valuation gap offers $83,115 in Instant Equity. Featuring a Mint Condition Rating with a remodeled kitchen, Bosch appliances, and a private rear deck, the home offers immediate lifestyle appeal. Located near top-rated schools like Donald D. Lum Elementary, this property is an ideal acquisition for first-time buyers or owner-occupants seeking long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1029 Lincoln Ave Subject | $895,000* List Price | 2 | 1 | 1,085 | $901 | - |
A 1834 8th St Sold | $1,011,000 | 2 | 2 | 946 | $1,069 | 0.4 mi |
B 1508 Pacific Ave Sold | $1,060,000 | 2 | 1 | 1,236 | $858 | 0.3 mi |
C 1610 Pacific Ave. Sold | $935,000 | 2 | 1 | 1,069 | $875 | 0.6 mi |
D 1712 Schiller St Sold | $1,150,000 | 3 | 2 | 1,125 | $1,022 | 0.8 mi |
E 473 Pacific Ave Sold | $990,000 | 2 | 1 | 1,122 | $882 | 0.9 mi |
F 1826 Pacific Ave Sold | $1,050,000 | 3 | 2 | 1,324 | $793 | 0.8 mi |
G 1410 Sherman St Sold | $1,050,000 | 2 | 2 | 1,452 | $723 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1917, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen is fully remodeled with Bosch appliances and quartz countertops, the bathroom is completely modernized, and the home features newer flooring, a newer roof, and a newer water heater, placing it in mint, move-in-ready condition.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
The home features a fully remodeled kitchen with premium Bosch appliances and quartz countertops, complemented by a refreshed bathroom and newer essential systems including the roof and water heater.
The exceptionally deep 5,250 sqft lot provides a rare opportunity to construct an ADU for rental income or multigenerational living while still maintaining a generous private backyard.
With only two bedrooms and one bathroom across 1,085 square feet, the interior footprint may be restrictive for growing families or those requiring a dedicated home office.
Built in 1917, the property may require ongoing maintenance and potential upgrades to legacy systems typical of historic homes that were not explicitly noted as fully replaced.
A rare West Alameda gem, 1029 Lincoln Avenue pairs timeless island character with beautifully considered updates, an expansive backyard, and exceptional future potential—all just down the street from the charming Bay Station district, where a short stroll leads to fresh coffee, treats, gourmet sandwiches, a neighborhood taqueria, convenient produce and groceries, and much more. Thoughtful modern enhancements complement the home’s original charm. The fully remodeled kitchen features crisp white shaker cabinetry, quartz countertops, a custom backsplash, and premium Bosch stainless steel appliances. Newer plank flooring flows through the kitchen and both bedrooms. A glass slider opens directly from the kitchen onto the private rear deck, creating an effortless indoor-outdoor connection for morning coffee, al fresco dining, and weekend entertaining. The refreshed bathroom blends modern comfort with classic character. A private driveway and garage provide convenient off-street parking, while the clean basement offers additional space for a workshop, home gym, hobbies, or storage. Newer items, including the roof, water heater, washer, and dryer, add everyday ease. The extraordinary depth of the lot is perhaps the property’s most exciting opportunity. The expansive backyard offers abundant room to garden, entertain, or play, with potential for an ADU—ideal for additional living space, multigenerational use, a private office, or future rental income—all while preserving a generous backyard. The location captures the best of the Alameda lifestyle. Enjoy highly regarded Alameda schools, abundant parks and recreation, Crown Memorial State Beach, waterfront trails, and miles of bike-friendly streets. Webster Street’s shops, cafés, restaurants, and neighborhood favorites are also close at hand, with convenient access to the Transbay Ferry and AC Transit for easy connections to San Francisco and beyond. Beautifully updated, rich in character, and filled with possibilities, 1029 Lincoln Avenue offers a rare combination of lifestyle, location, and room to grow.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades 4-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.4 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,085 | 1,802.602 |
| Lot Size | 5,250 | 4,310.843 |
| Price | $895.0K | $1.43M |
| Price per sq ft | $825 | $823 |
| Built year | 1917 | 1928 |
| HOA | $0 | $273 |
| Days on market | 12 | 37 |
Aug 28, 2026
$895,000
Initial Listing
Sep 2, 2022
$825,000
Public Record
Jun 1, 2012
$349,000
Public Record
Sep 9, 2003
$444,000
Public Record
May 15, 2000
$298,000
Public Record