1437 56th Ave, Oakland, California 94621, Oakland, 94621 - 4 bed, 3 bath
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Oakland, California 94621
This Value-Add Multi-Room Asset represents a strategic entry point into the Oakland market. Listed at $399,000, the property is positioned near its $383,938 Fair Market Value, reflecting the extensive renovation required to unlock its full potential. With a Condition Rating of 5, the structure demands a full rehab but offers a versatile 4-bedroom, 3-bathroom layout and a generous 6,623 sqft lot with ADU potential and a private patio. Despite underperforming local schools at Fremont High and Greenleaf Elementary, the flexible floor plan provides a clear path for forced appreciation. This project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1437 56th Ave Subject | $399,000* List Price | 4 | 3 | 1,200 | $320 | - |
A 1424 57th Ave Sold | $410,000 | 2 | 2 | 1,004 | $408 | 0.1 mi |
B 1045 1045 72nd Avenue Sold | $415,000 | 2 | 1 | 1,378 | $301 | 0.9 mi |
C 5540 E 17th St Sold | $499,000 | 3 | 2 | 1,239 | $403 | 0.1 mi |
D 1061 71st Ave Pending | $329,500 List Price | 2 | 1 | 1,052 | $313 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916 and explicitly marketed as a 'fixer,' the property shows significant age with kitchens and bathrooms that appear to be 30-50 years old. The interior features dated tile flooring, aged cabinetry, and visible wear, requiring a full rehab to meet modern standards.
Priced at $399,000 as a fixer-upper, this property offers a prime opportunity for investors or sweat-equity buyers to build substantial equity through modernization and repairs.
The 4-bedroom, 3-bathroom layout includes additional living areas connected to the main structure, providing rare versatility for multi-generational living or potential rental income.
The 6,623 square foot lot is considerably large for the area, offering ample space for outdoor expansion, gardening, or the potential development of an Accessory Dwelling Unit (ADU).
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 832. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 1.
The property is in need of significant repairs and updates throughout, which will require a substantial capital investment and a dedicated timeline before it is move-in ready.
The local assigned schools currently hold low ratings (1-3), which may limit the property's appeal to families prioritizing public education and impact long-term appreciation.
Fixer opportunity in Oakland’s Seminary neighborhood. 1437 56th Ave is a multi-room property offering flexible living arrangements, with additional living areas connected to the main structure. The home needs repairs and updates, presenting potential for customization. Ideal for buyers seeking flexible living or investors looking to improve and add value. Buyer to verify property details including square footage, room count, and permits related to improvements.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 6-8 • 0.6 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 88% |
| Baths | 3.0 | 1.0 | 96% |
| Square foot | 1,200 | 1,170 | 56% |
| Lot Size | 6,623 | 4,039 | 98% |
| Price | $399.0K | $510.0K | 20% |
| Price per sq ft | $332 | $436 | 16% |
| Built year | 1916 | 1925 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 190 | 2% |
Apr 25, 2026
$399,000
Initial Listing