1549 5th Ave, Oakland, California 94606, Oakland, 94606 - 4 bed, 2 bath
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Oakland, California 94606
This Versatile Victorian Residence is a Prime Investment Opportunity with a List Price of $829,000—positioned well below the $852,654 Fair Market Value by 2%. This valuation gap offers $23,654 in Instant Equity for incoming buyers. Featuring a Condition Rating of 3, the property includes a second kitchen for rental income and a detached garage with ADU development potential. Located near Lake Merritt and the 9/10 rated Crocker Highlands Elementary, it balances historic character with high ROI potential. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1549 5th Ave Subject | $799,000* List Price | 4 | 2 | 1,892 | $438 | - |
A 836 836 E 19th St Sold | $950,000 | 3 | 2 | 1,798 | $528 | 0.3 mi |
B 1532 1532 5th Avenue Sold | $825,000 | 5 | 2 | 1,869 | $441 | 0.0 mi |
C 925 E 19th St Sold | $730,000 | 3 | 2 | 1,402 | $521 | 0.4 mi |
D 1034 E 21st St Sold | $748,000 | 2 | 2 | 1,513 | $494 | 0.5 mi |
E 1837 7th Ave Sold | $910,000 | 3 | 3 | 1,900 | $479 | 0.2 mi |
F 1539 International Boulevard Active | $828,000 List Price | 4 | 3 | 1,931 | $429 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1896, the property shows significant recent cosmetic renovations including new laminate flooring, fresh interior and exterior paint, and a refreshed kitchen with modern tile backsplash and updated counters. The home appears well-maintained and move-in ready, blending original Victorian character with functional modern updates.
Elementary School: Crocker Highlands Elementary School (9/10).
The flexible layout features a private upper level with a second kitchen, providing an excellent opportunity for rental income, an Airbnb retreat, or multi-generational living arrangements.
The property includes a spacious detached two-car garage with significant potential to add an Accessory Dwelling Unit (ADU) above, offering a path to increase both square footage and property value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The majority of the immediate neighborhood public schools carry low ratings (ranging from 2 to 4), which may be a deterrent for families prioritizing high-performing educational districts.
As a Victorian home built in 1896, the property likely requires specialized upkeep and potential modernization of aging systems common in century-old structures.
Step into your next chapter in this charming four-bedroom, two-bath Victorian gem in the heart of East Lake. Perfectly located just minutes from the peaceful beauty of Lake Merritt and offering an easy, convenient ride into San Francisco, this home blends timeless character with everyday ease—something that’s sure to excite commuters and city lovers alike. Inside, you’ll immediately feel the warmth and soul of its original details, beautifully preserved to celebrate its history. The flexible layout opens the door to endless possibilities, including a private upper level with a second kitchen—ideal for multi-generational living, hosting guests, or creating an income-producing Airbnb-style retreat. Outside, the spacious detached two-car garage provides ample room for vehicles, storage, and an exciting opportunity to add an ADU above. This truly special home combines classic charm, versatility, and future potential—an East Lake treasure ready to be enjoyed.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,892 | 1,454 | 73% |
| Lot Size | 3,026 | 3,890 | 40% |
| Price | $799.0K | $812.0K | 50% |
| Price per sq ft | $422 | $508 | 20% |
| Built year | 1896 | 1912 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 137 | 10% |
May 21, 2026
$799,000
$829,000
-4% Price Drop
Initial Listing
May 4, 2026
$829,000
Initial Listing
Jan 31, 2020
$806,000
Public Record