1164 Ocean Avenue, Oakland, California 94608, Oakland, 94608 - 2 bed, 1 bath
1164 Ocean Avenue
Oakland, California 94608
Property Price
SUMMARY
Analysis of 1164 Ocean Avenue, Oakland, California 94608 reveals a property with a current list price of $775,000, which is 15% above the estimated $658,119 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1164 Ocean Avenue Subject | $775,000* List Price | 2 | 1 | 900 | $731 | - |
A 5926 Marshall St Sold | $635,000 | 3 | 1 | 960 | $661 | 0.3 mi |
B 1042 61st St Pending | $849,000 List Price | 3 | 1 | 983 | $864 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1910, this property shows signs of being aged but maintained. The kitchens and bathrooms in both the main cottage and the ADU are functional but significantly outdated in style, featuring older cabinets, laminate countertops, and basic fixtures, likely renovated 20-40 years ago. Flooring consists of worn carpets and linoleum/vinyl tiles. Heating is via wall heaters, indicating older systems. While livable, the property requires substantial cosmetic updates and potential system upgrades to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Income Potential
The property includes a main cottage and a large Accessory Dwelling Unit (ADU) with an additional 1 bedroom, 1 bathroom, bonus rooms, and a kitchenette, offering excellent rental income opportunities or multi-generational living.
- Versatile Living Spaces
Beyond the main home, the extensive ADU and bonus rooms provide flexible options for extended family, home office, or additional rental units, catering to diverse needs.
- Desirable Outdoor Space
A central courtyard featuring a play structure enhances the property's appeal for families and provides a dedicated area for outdoor enjoyment and entertaining.
CONSRISKS & DEFICIENCIES
- Complex Transaction Process
The sale is currently in probate and requires short sale approval, which can lead to extended timelines, potential delays, and added complexities for the buyer.
- Age of Property
Built in 1910, the property may require significant updates to its infrastructure, systems (plumbing, electrical), and general maintenance, potentially incurring additional costs for a buyer.
- Modest Main House Size
The primary cottage offers a modest 900 sqft of living space, which might be a consideration for buyers seeking larger primary residences, despite the additional ADU.
About 1164 Ocean Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 3,720 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
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
Sankofa Academy
Grades PK-5 • 1.2 mi
Leconte Elementary School
Grades K-5 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 900 | 1,444 | 10% |
| Lot Size | 3,720 | 3,680 | 50% |
| Price | $775.0K | $850.0K | 43% |
| Price per sq ft | $861 | $572 | 95% |
| Built year | 1910 | 1911 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 274 | 170 | 93% |
Pricing History
Listed for Sale
Jun 6, 2025
$775,000
Initial Listing