
Alameda, California 94501
This Charming Craftsman Residence represents a Strong Value Opportunity, listed at $899,000—positioned well below the $965,359 Fair Market Value by 6%. This valuation gap provides $66,359 in Instant Equity for the buyer. With a Condition Rating of 3, the home features a refreshed bathroom and new gas range, while the detached garage offers significant potential for a home office. Located near top-rated schools like Alameda High, this property is ideal for first-time buyers or Owner-Occupants seeking a blend of historic character and long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1508 Pacific Ave Subject | $899,000* List Price | 2 | 1 | 1,236 | $781 | - |
A 1613 Union St Sold | $1,050,000 | 2 | 1 | 1,223 | $859 | 0.4 mi |
B 1821 Grand St Sold | $905,000 | 3 | 2 | 1,350 | $670 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1912, the property is well-maintained and move-in ready. It features gleaming hardwood floors, a refreshed bathroom, and a functional kitchen with a new gas range. The presence of a gas forced-air furnace and sump pump indicates functional systems, and the overall cosmetic condition suggests updates within the 5-15 year range.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Built in 1912, this home preserves its timeless character with original wood floors, coved ceilings, a beveled glass entry, and a classic wood-burning fireplace.
The generous 4,660 sqft lot includes a large wood deck and a detached garage that offers significant potential for conversion into a home office or creative studio.
With only one bathroom serving the entire 1,236 sqft residence, the layout may pose a challenge for families or those who frequently host guests.
The home features a partial basement accessed via a trap door, which houses older utility systems that may require more frequent monitoring and maintenance.
Built in 1912, this charming Craftsman blends timeless character with everyday comfort in the heart of Central Alameda. Offering 1,236± square feet of living space on a generous 4,660± square foot lot, the home welcomes you with a charming front porch, gleaming wood floors, and a beautiful beveled glass entry door. Inside, classic details abound, including coved ceilings and a cozy wood-burning fireplace that anchors the inviting living spaces. The spacious kitchen offers abundant room to cook and gather, complete with a convenient washer and dryer area and a NEW Kenmore gas range oven. A trap door leads to the partial basement, home to the gas forced-air furnace, NEW water heater, and NEW sump pump. The refreshed hallway bathroom and two bedrooms on the main level provide comfortable accommodations with flexibility for guests, office space, or family living. Step outside to a large wood deck overlooking the expansive backyard, featuring planter boxes ready for gardening enthusiasts and a detached garage offering excellent extra storage or imagine finishing it to create a spacious home office. The long driveway provides parking for multiple vehicles with ease. Ideally located just steps from Littlejohn Park and moments from neighborhood favorites including Forbidden Island Tiki Lounge and Mosley’s Cafe, this Central Alameda gem offers the perfect blend of historic charm, outdoor space, and convenient island living. Open house Fri 5/29 from 2p-4p. Sat and Sun May 30, 31, June 6, 7, all 2p-4p. Open June 2 from 11a-1p.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades 4-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 1,236 | 1,815.5 | 17% |
| Lot Size | 4,700 | 4,750 | 50% |
| Price | $899.0K | $1.44M | 11% |
| Price per sq ft | $727 | $789 | 42% |
| Built year | 1912 | 1921 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 103 | 2% |
May 27, 2026
$899,000
Initial Listing