1164 Ocean Avenue, Oakland, California 94608, Oakland, 94608 - 2 bed, 1 bath
ACTIVE$775,000
1164 Ocean Avenue, Oakland, California 94608
2Beds
1Bath
900Sqft
3,720Lot
Price Vs. Estimate
The estimated value ($614,364.155) is $160,635.845 (20%) lower than the list price ($775,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Income Potential: The property includes a large ADU structure with an additional 1 bed/1 bath unit upstairs and bonus rooms downstairs with a kitchenette and bathroom, offering substantial rental income opportunities or multi-generational living.
Top Cons:
Probate Sale Complications: Being in probate can significantly extend the closing timeline and introduce legal complexities, requiring court approval which may delay the transaction.
Compared to the nearby listings
Price:$775.0K vs avg $810.0K ($-35,000)47%
Size:900 sqft vs avg 1,314 sqft14%
Price/sqft:$861 vs avg $56692%
More Insights
Built in 1910 (115 years old).
Condition: Built in 1910, the property's interiors, including all kitchens and bathrooms, are significantly outdated, showing styles and features from 30-50+ years ago. The main kitchen has dated wood cabinets, green laminate countertops, and old flooring/lighting. Bathrooms feature basic vanities, old tile, and exposed bulb fixtures. Flooring includes dated carpet and linoleum. The property lacks central HVAC (wall heaters and window AC visible). While functional, it requires substantial rehabilitation and modernization of major systems and aesthetics to meet current standards, aligning with the 'poor' condition criteria.
Year Built
1910
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$861
HOA
-
Days on market
-
Sold On
-
MLS number
ML82010127
Home ConditionPoor
Features
View-
About this home
Cute 2/1 cottage home with large ADU structure with an additional 1/1 upstairs as well as bonus rooms downstairs with additional kitchenette and bathroom previously used as a small daycare. Property features a central courtyard with play structure. Live in one and rent out the other. Close proximity to churches, cafes and the bay. Property is currently in probate and requires short sale approval.
Nearby schools
6/10
Malcolm X Elementary School
Public,•K-5•0.8mi
1/10
Sankofa Academy
Public,•PK-5•1.2mi
6/10
Leconte Elementary School
Public,•K-5•1.5mi
8/10
Peralta Elementary School
Public,•K-5•1.5mi
7/10
Washington Elementary School
Public,•K-5•1.6mi
2/10
Hoover Elementary School
Public,•K-5•1.8mi
2/10
Emerson Elementary School
Public,•K-5•1.8mi
7/10
Emerson Elementary School
Public,•K-5•2.2mi
6/10
John Muir Elementary School
Public,•K-5•2.3mi
5/10
Oxford Elementary School
Public,•K-5•3.0mi
7/10
Cragmont Elementary School
Public,•K-5•3.4mi
4/10
Anna Yates Elementary School
Public,•K-8•0.7mi
8/10
Willard Middle School
Public,•6-8•1.8mi
6/10
Claremont Middle School
Public,•6-8•1.9mi
3/10
West Oakland Middle School
Public,•6-8•2.7mi
2/10
Westlake Middle School
Public,•6-8•2.7mi
5/10
Emery Secondary School
Public,•9-12•0.8mi
2/10
Oakland International High School
Public,•9-12•1.7mi
8/10
Berkeley High School
Public,•9-12•1.7mi
3/10
Mcclymonds High School
Public,•9-12•2.1mi
7/10
Oakland Technical High School
Public,•9-12•2.1mi
2/10
Fremont High
Public,•9-12•6.5mi
Condition Rating
Poor
Built in 1910, the property's interiors, including all kitchens and bathrooms, are significantly outdated, showing styles and features from 30-50+ years ago. The main kitchen has dated wood cabinets, green laminate countertops, and old flooring/lighting. Bathrooms feature basic vanities, old tile, and exposed bulb fixtures. Flooring includes dated carpet and linoleum. The property lacks central HVAC (wall heaters and window AC visible). While functional, it requires substantial rehabilitation and modernization of major systems and aesthetics to meet current standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Significant Income Potential: The property includes a large ADU structure with an additional 1 bed/1 bath unit upstairs and bonus rooms downstairs with a kitchenette and bathroom, offering substantial rental income opportunities or multi-generational living.
Versatile Living Spaces: The ADU and bonus rooms provide flexible options for extended family, home office, guest quarters, or even a small business, as it was previously used as a daycare.
Desirable Outdoor Amenity: A central courtyard with a play structure adds a valuable outdoor space, particularly appealing to families and enhancing lifestyle.
Convenient Location: The property boasts close proximity to churches, cafes, and the bay, enhancing its lifestyle appeal and accessibility to local amenities.
Charming Cottage Appeal: Described as a 'cute 2/1 cottage home,' the property likely possesses character and a welcoming aesthetic that can attract buyers.
Cons
Probate Sale Complications: Being in probate can significantly extend the closing timeline and introduce legal complexities, requiring court approval which may delay the transaction.
Short Sale Approval Requirement: The necessity for short sale approval adds another layer of uncertainty and potential for delays, as the transaction is contingent on lender agreement.
Age of Property: Built in 1910, the property may require significant updates to its core systems (e.g., plumbing, electrical, HVAC) and general maintenance, potentially incurring additional costs for a buyer.