1425 Lakeside Dr 201, Oakland, California 94612, Oakland, 94612 - 2 bed, 1 bath
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Oakland, California 94612
This Value-Add Lakefront Condo is a strategic entry into a premier Oakland location, listed at $498,000, positioned above the $378,524 Fair Market Value. With a Condition Rating of 4, the interior requires cosmetic updates to the kitchen and bath to reach its full potential. The asset features panoramic Lake Merritt views, floor-to-ceiling windows, and a community pool, near Top-Rated Lincoln Elementary and Oakland Technical High. Despite high monthly dues, the designated parking and lakefront lifestyle offer long-term stability. This property is best suited for Buy-and-Hold Investors or Owner-Occupants looking to force appreciation through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1425 Lakeside Dr 201 Subject | $498,000* List Price | 2 | 1 | 999 | $413 | - |
A 438 W Grand Ave 528 Sold | $505,000 | 2 | 2 | 1,062 | $476 | 0.7 mi |
B 2300 2300 Broadway 4 Sold | $498,000 | 2 | 2 | 1,160 | $429 | 0.7 mi |
C 151 Lakeside Dr 213 Sold | $350,000 | 2 | 2 | 911 | $384 | 0.2 mi |
D 1555 Lakeside Drive 184 Sold | $499,000 | 2 | 2 | 1,387 | $360 | 0.1 mi |
E 630 Thomas L Berkley Way 822 Sold | $460,000 | 1 | 1 | 862 | $534 | 0.8 mi |
F 2300 Broadway 5 Sold | $550,000 | 2 | 2 | 1,270 | $433 | 0.7 mi |
G 595 22nd St Active | $639,000 List Price | 2 | 2 | 1,386 | $461 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1959, is clean and well-maintained but shows significant signs of age in key areas. The kitchen features dated white appliances, older granite-look countertops, and basic cabinetry, along with an outdated fluorescent light fixture. The bathroom also presents with an older vanity, basic fixtures, and dated flooring. While functional and move-in ready, both the kitchen and bathroom would require substantial cosmetic updates to meet current standards and styles. The general living areas appear to have fresh paint and well-kept flooring, but the core wet areas are aged, placing it in the 'Fair' category.
Directly situated on Lake Merritt, offering unparalleled lakefront access and an exclusive lifestyle with the lake as a 'backyard'.
Floor-to-ceiling windows and dual balcony access provide serene, expansive views of Lake Merritt and the Oakland Hills.
Moments from BART, the Oakland Museum, local cafes, and vibrant city life, promoting a highly walkable and transit-friendly lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 999, other record living area = 821. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The association fee of $828.00 per month is notably high, significantly impacting the overall monthly cost of ownership.
The unit features only one bathroom for two bedrooms, which may present practical inconveniences for occupants or affect resale appeal.
Welcome to 1425 Lakeside #201! The lake is your backyard. This spacious condo sits right on Lake Merritt with floor-to-ceiling windows and dual balcony access framing serene views of the water and the Oakland Hills. Natural light fills the open-concept living and dining areas, creating the perfect space to relax or entertain. Make this place your own with 2 bedrooms and 1 bath, complete with deep closet space and plenty of storage. Enjoy the convenience of a designated parking space, plus community amenities that include a sparkling swimming pool. Set in the heart of Oakland, you are moments from BART, the Oakland Museum, local cafes, and vibrant city life. Location, lifestyle, and lakefront living - all in one.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades PK-3 • 1.1 mi
Grades 2-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 999 | 1,255.5 | 27% |
| Lot Size | 15,252 | 11,863.5 | 55% |
| Price | $498.0K | $527.5K | 36% |
| Price per sq ft | $498 | $476 | 59% |
| Built year | 1959 | 2001 | 27% |
| HOA | $828.0 | $816 | 50% |
| Days on market | 127 | 145 | 36% |
Jan 30, 2026
$498,000
Initial Listing
Mar 22, 2010
$240,500
Public Record