
Alameda, California 94501
This Historic East End Residence represents a High-Potential Investment Opportunity, listed at $898,000—positioned well below the $938,508 Fair Market Value by 4%. This valuation gap provides $40,508 in Instant Equity. With a Condition Rating of 3, the property features modern updates alongside value-add potential in the detached garage and basement. Located in a district with 9/10 rated schools, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through strategic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1033 Fountain St Subject | $898,000* List Price | 3 | 2 | 1,439 | $652 | - |
A 892 Laurel Street Active | $1,099,000 List Price | 3 | 2 | 1,579 | $696 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1914, the property shows significant recent updates including modern laminate flooring and a fully renovated bathroom with contemporary tile and fixtures. The basement reveals updated HVAC ductwork, and the overall interior appears well-maintained and move-in ready, though the kitchen's tile countertops suggest it may be older than the bathroom renovation.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Perfectly situated in Alameda's highly coveted East End, this home is steps from top-rated schools like Otis Elementary and Lincoln Middle, offering exceptional convenience for families.
The detached garage and basement provide a rare opportunity for a studio, workspace, or ADU conversion, allowing buyers to build equity and expand the living footprint.
Described as having 'endless potential' with older features like tile countertops, the home likely requires a budget for cosmetic and functional updates to meet modern standards.
The 1.5-bathroom configuration for a three-bedroom home may be a drawback for larger families or those seeking a more contemporary primary suite arrangement.
Timeless East End Charm with Endless Potential. Built in 1914, this classic Alameda home offers 3 bedrooms, 1.5 bathrooms, and 1,439 sq. ft. of living space on a generous 4,700 sq. ft. lot in the highly coveted East End. A welcoming white picket fence, front yard and porch sets the tone as you step into the living room, where the home’s character and warmth immediately shine. Just off the living room is a versatile front bedroom—ideal for guests, a home office, or flex space. The main level continues with a functional kitchen featuring tile countertops, an adjoining dining room, and a full bathroom with shower over tub. Upstairs, you’ll find two additional bedrooms, each with closets, offering privacy and separation from the main living areas. A rear staircase leads to the ground-level family room and convenient half bath—creating a flexible space perfect for entertaining, relaxing, or extended living.The basement provides ample storage along with a dedicated laundry area, while the detached garage offers incredible bonus potential—ideal for a studio, workspace, or future ADU conversion. Located just steps from highly rated Otis Elementary, around the corner from Lincoln Middle School, and close to neighborhood favorites like Encinal Market and South Shore Shopping Center, this home combines charm with everyday convenience. Enjoy nearby recreation at Corica Park Golf Course, Krusi Park, scenic walking and biking trails, and easy access to the Harbor Bay Ferry Terminal for a seamless commute to San Francisco. A rare opportunity to own a piece of Alameda history in one of its most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.0 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,439 | 1,824 | 32% |
| Lot Size | 4,700 | 4,700 | 50% |
| Price | $898.0K | $1.43M | 12% |
| Price per sq ft | $624 | $760 | 22% |
| Built year | 1914 | 1918 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 110 | 2% |
May 22, 2026
$898,000
Initial Listing
Jan 12, 2016
$741,500
Public Record