1549 5th Ave, Oakland, California 94606, Oakland, 94606 - 4 bed, 2 bath
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Oakland, California 94606
This Renovated 1896 Victorian Residence is a Strong Value Opportunity, listed at $829,000—positioned well below the $896,328 Fair Market Value by 7%. This valuation gap provides $67,328 in Instant Equity. Boasting a Condition Rating of 2, the home features a flexible layout with a second kitchen for multi-generational living and a detached garage with ADU development potential. Located near Lake Merritt, it offers a turnkey lifestyle with significant financial upside. This is an ideal acquisition 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 | $829,000* List Price | 4 | 2 | 1,892 | $474 | - |
A 836 836 E 19th St Sold | $950,000 | 3 | 2 | 1,798 | $528 | 0.3 mi |
B 1837 7th Ave Sold | $910,000 | 3 | 3 | 1,900 | $479 | 0.2 mi |
C 1034 E 21st St Sold | $748,000 | 2 | 2 | 1,513 | $494 | 0.5 mi |
D 925 E 19th St Sold | $730,000 | 3 | 2 | 1,402 | $521 | 0.4 mi |
E 1532 1532 5th Avenue Pending | $825,000 List Price | 5 | 2 | 1,869 | $441 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1896, this Victorian home has undergone an extensive recent renovation within the last 5 years. The interior features new wide-plank flooring, modern light fixtures, and fresh paint throughout. Both kitchens have been updated with stainless steel appliances, contemporary cabinetry, and stylish finishes like a farmhouse sink and marble-patterned backsplashes, meeting current quality standards for a move-in ready property.
Elementary School: Crocker Highlands Elementary School (9/10).
The flexible layout features a private upper level with a second kitchen, offering an excellent opportunity for an Airbnb rental, guest suite, or multi-generational living arrangement.
The property includes a spacious detached two-car garage with the specific potential to build an Accessory Dwelling Unit (ADU) above, providing significant future value add.
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 assigned public schools in the immediate area have lower performance ratings, which may be a drawback for education-focused buyers.
Given the home's 1896 construction, buyers should anticipate the ongoing maintenance and potential system updates typically required for a century-old Victorian structure.
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 | 73% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,892 | 1,417 | 73% |
| Lot Size | 3,026 | 3,900 | 42% |
| Price | $829.0K | $748.0K | 58% |
| Price per sq ft | $438 | $521 | 27% |
| Built year | 1896 | 1913 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 188 | 3% |
Apr 6, 2026
$829,000
Initial Listing
Jan 31, 2020
$806,000
Public Record