
Oakland, California 94612
This Condominium represents a Strong Value Opportunity, listed at $455,000—positioned slightly above the $452,503 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, it offers significant lifestyle appeal with Iconic Lake Merritt Views and dual balconies. The unit features a resort-inspired pool and exceptional walkability to BART and local dining. This is a stable acquisition for Buy-and-Hold Investors or first-time buyers looking to personalize a well-located asset in a high-demand urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1425 Lakeside Dr 201 Subject | $455,000* List Price | 2 | 1 | 999 | $453 | - |
A 1 Lakeside Dr 1608 Sold | $339,000 | 1 | 1 | 641 | $529 | 0.2 mi |
B 1511 Jefferson Street 109 Sold | $350,000 | 1 | 1 | 861 | $407 | 0.7 mi |
C 438 W Grand Ave 528 Sold | $505,000 | 2 | 2 | 1,062 | $476 | 0.7 mi |
D 630 Thomas L Berkley Way 822 Sold | $460,000 | 1 | 1 | 862 | $534 | 0.8 mi |
E 1511 Jefferson St Ph 12 Active | $399,000 List Price | 1 | 1 | 916 | $436 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property features a dated interior that appears to be over 20 years old without significant recent renovations. While functional and move-in ready, the kitchen cabinetry, older wall heating systems, and basic fixtures require modernization and minor repairs to meet current market standards.
The unit features dual balcony access from both the living room and primary bedroom, offering stunning, unobstructed views of Lake Merritt and the Oakland Hills.
Boasting a premier location with an 'off the charts' Walk Score, residents are steps away from BART, the Oakland Museum, and diverse dining in Chinatown.
The property provides a resort-like lifestyle with a secured entrance, gated garage parking, a courtyard pool, and a dedicated barbecue area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 999, other record living area = 783. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At $829 per month, the association fees are relatively high, which may impact the overall monthly affordability and debt-to-income ratio for some buyers.
Despite having two bedrooms, the unit only offers one bathroom, which may be a drawback for families or those seeking a more modern multi-bath layout.
Wake up to spectacular water and mountain views every morning in this 2-bedroom, 1-bathroom condominium. Perfectly positioned in a premier Lake Merritt Oakland security building, this home offers the unique luxury of dual balcony access—step outside from both the living room and the primary bedroom to beautiful view of Lake Merritt and the rolling Oakland Hills. Designed for effortless living, the unit features a functional floor plan, ample natural light, and the peace of mind that comes with a fully secured building and one assigned parking space in the gated garage. Building amenities elevate your lifestyle with a resort-inspired courtyard pool, a barbeque area for hosting, a tranquil interior courtyard, and convenient shared laundry. Location is your biggest asset. With a Walk Score that is off the charts, you are steps away from cultural hubs—stroll to the Library, the Museum, catch the BART for an easy commute, or walk to Chinatown for fine dining. Whether you are a first-time buyer or a savvy investor, this property delivers unbeatable value and an iconic Oakland lifestyle.
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 |
|---|---|---|
| Beds | 2.0 | 1.5 |
| Baths | 1.0 | 1.6 |
| Square foot | 999 | 952.848 |
| Lot Size | 15,252 | 16,731.21 |
| Price | $455.0K | $488.1K |
| Price per sq ft | $455 | $502 |
| Built year | 1959 | 1991 |
| HOA | $829.0 | $683 |
| Days on market | 7 | 60 |
Sep 2, 2026
$455,000
Initial Listing
Feb 19, 1998
$65,000
Public Record