1123 65th St, Oakland, California 94608, Oakland, 94608 - 0 bed, 0 bath
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1123 65th St
Oakland, California 94608
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,538Sq Ft
3,658Lot Size
Property Price
LIST PRICE$895,000
EST. MARKET VALUE
$926,454
3% BelowMARKET VALUE
SUMMARY
This Two-House Compound represents a Prime Investment Opportunity, listed at $895,000—positioned well below the $926,455 Fair Market Value by 3%. This valuation gap provides $31,455 in Instant Equity. Featuring an RM-3 Zoning and a Condition Rating of 3, the property offers significant upside through ADU conversion potential. With separate utilities and current market-rate tenants, this asset is a stable, income-generating choice for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in the high-demand NOBE neighborhood.
Estimated Market Value
$926,454+$31,454 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1123 65th St Subject | $895,000* List Price | 0 | 0 | 1,538 | $602 | - |
A 1126 Ocean Avenue Sold | $1,100,000 | 2 | 3 | 1,530 | $719 | 0.0 mi |
B 5718 5718 Adeline St Sold | $745,000 | 2 | 2 | 1,511 | $493 | 0.8 mi |
C 5534 Adeline Sold | $858,000 | 3 | 1 | 1,206 | $711 | 0.8 mi |
D 1076 61st St Sold | $721,500 | 2 | 1 | 972 | $742 | 0.3 mi |
E 962 55th St Sold | $1,000,000 | 3 | 1 | 1,988 | $503 | 0.8 mi |
F 6007 San Pablo Ave Pending | $725,000 List Price | 3 | 2 | 1,351 | $537 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1925, the property features updated interiors and separate utilities. It is currently tenant-occupied at market rents, confirming it is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Configuration
This rare two-house compound features separate utilities and private entrances for both dwellings, offering an ideal setup for multi-generational living or a high-yield investment strategy.
- Strategic NOBE Location
Perfectly positioned in the sought-after NOBE area, the property provides exceptional access to Emeryville, Berkeley, major freeways, and premier amenities like Berkeley Bowl West and Bay Street.
- Value-Add Potential
The RM-3 zoning combined with a high-ceilinged basement presents a significant opportunity for ADU conversion or further development to maximize the property's square footage and equity.
CONSRISKS & DEFICIENCIES
- Tenant Occupancy Constraints
As both units are currently tenant-occupied, owner-occupants may face timing challenges regarding possession, and investors may be limited by local rent control regulations.
- Compact Living Spaces
With only 1,538 total square feet distributed across two separate houses, the individual floor plans are relatively small, which may limit appeal for buyers seeking larger interior living areas.
About 1123 65th St
Rare two-house compound in sought-after NOBE! Ideal for extended families or investors — let the 2nd unit help pay your mortgage. RM-3 zoning offers boundless potential. Front house has off-street parking and a spacious, high-ceilinged basement (ADU conversion potential). The back house has a full, usable basement and frontage on Peabody Lane. Both homes feature private entrances, separate utilities, updated interiors — currently tenant-occupied at market rents. Just 1 block to Emeryville, 2 blocks to Berkeley. Easy access to 80/580, Berkeley Bowl West, Bay Street, and Emeryville Public Market. Don't miss this prime investment!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 3,658 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Malcolm X Elementary School
Grades K-5 • 0.8 mi
6/10
Sankofa Academy
Grades PK-5 • 1.2 mi
1/10
Leconte Elementary School
Grades K-5 • 1.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,538 | 1,630.086 |
| Lot Size | 3,658 | 5,044.686 |
| Price | $895.0K | $1.05M |
| Price per sq ft | $582 | $618 |
| Built year | 1925 | 1927 |
| HOA | $0 | $265 |
| Days on market | 18 | 37 |
Pricing History
Listed for Sale
Aug 22, 2026
$895,000
Initial Listing