
Oakland, California 94605
This Spacious Mid-Century Residence represents a High-Potential Investment Opportunity, listed at $1,200,000—positioned well below the $1,221,682 Fair Market Value by 1.78%. This valuation gap offers $21,682 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant value-add potential through cosmetic modernization and ADU conversion in the oversized garage. With Panoramic Views and a massive 0.63-acre lot, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through renovation.
Property is moderate renovation needed.
Built in 1964 and on the market for the first time in over 50 years, the home is exceptionally well-maintained but significantly dated. While essential systems like the furnace and water heater are newer, the kitchen and bathrooms feature older cabinetry and tile work that exceed the 30-year mark. The interior retains mid-century elements like wood paneling and older carpeting, placing it firmly in the 'Fair' category as it requires cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27497, living area = 2654.
The property features a rare 0.63-acre lot with soaring, unobstructed views of the Lake Chabot golf course and regional park ridgelines, offering a premium sense of privacy and scale.
The oversized garage includes two bonus rooms perfect for ADU conversion, a home office, or a gym, providing significant value-add opportunities for the next owner.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned local elementary and high schools have low performance ratings, which may be a significant drawback for families and impact future appreciation.
Offered for the first time in 51 years, the home is described as ready for a 'new vision,' suggesting that significant interior modernization is required to meet contemporary standards.
First time on the market in over 51 years. This sun-drenched Chabot Park Highlands Estates home is a rare find and ready for its next owner's vision! Nestled on a large quiet upslope lot with soaring panoramic views of the Lake Chabot golf course, valleys, and ridgelines of Anthony Chabot Regional Park make this the ideal property for gatherings of friends and family. The home sits on an expansive 0.63-acre lot framed by a tree-studded hillside—a perfect canvas for your grand vision. The amazing layout provides for a large living room with amazing views. Kitchen, dining room and den with access out to the patios from all spaces to enjoy evening drinks and meals. In addition the home has a large primary bedroom with en-suite bathroom & its own private deck overlooking the valleys below. The upper floor also boasts 2 large bedrooms and a shared hallway bathroom. Step through sliding doors from the kitchen and dining areas onto a private outdoor oasis designed for al fresco dining, gardening, and entertaining. Large level area is perfect for family, pets and outdoor activities. Large upslope lot still allows for many areas to garden and develop as one sees best. Leading down the light filled stairwell provides access to the lower level bedroom, bathroom, laundry area, and interior access to the 2 car garage. The oversized garage provides side-by-side parking for 2 cars, an Emporia electric car charger, and two additional bonus rooms that could be used for an ADU expansion, home office, gym, hobby space, or storage. The comfortable layout features two indoor gas fireplaces & an indoor BBQ, making it an exceptional space for family living and hosting. A sweeping driveway provides abundant parking and seclusion up and away from the street below. Upgrades include newer furnace, 50 gallon water heater, Emporia dedicated car charger, secured pergolas, and a large level turfed area. Enjoy ultimate convenience just minutes from Charlie May Coffee & Tea, Lake Chabot, Sequoia Country Club, downtown Oakland, and all of the trails within the regional parks. Truly a once-in-a-lifetime opportunity and this gem is ready for its new owner! Views: Ridge
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.4 mi
Grades K-5 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,654 | 1,630.086 |
| Lot Size | 27,497 | 5,044.686 |
| Price | $1.20M | $1.05M |
| Price per sq ft | $452 | $618 |
| Built year | 1964 | 1927 |
| HOA | $245.0 | $265 |
| Days on market | 7 | 37 |
Sep 2, 2026
$1,200,000
Initial Listing