1555 Lakeside Dr 24, Oakland, California 94612, Oakland, 94612 - 2 bed, 2 bath
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1555 Lakeside Dr 24
Oakland, California 94612
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,311Sq Ft
22,683Lot Size
Property Price
LIST PRICE$625,000
EST. MARKET VALUE
$684,819
8% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $625,000—positioned well below the $684,820 Fair Market Value by 8%. This valuation gap offers $59,820 in Instant Equity for the buyer. Featuring a high-end renovation, floor-to-ceiling windows, and a private balcony, the unit maintains an Excellent Condition Rating. Located in the vibrant Lake Merritt neighborhood, this property provides a sophisticated urban lifestyle. It is an ideal acquisition for Owner-Occupants seeking a move-in-ready sanctuary or first-time buyers prioritizing convenience and modern finishes.
Estimated Market Value
$684,819+$59,819 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1555 Lakeside Dr 24 Subject 2 bd · 2 ba · 1,311 sqft · $522 | $625,000* List Price | 2 | 2 | 1,311 | $522 | - |
A 1555 Lakeside Dr. 50 Sold 2 bd · 2 ba · 1,231 sqft · $528 · 0.0 mi | $650,000 | 2 | 2 | 1,231 | $528 | 0.0 mi |
B 438 W Grand Ave 418 Sold 2 bd · 2 ba · 1,471 sqft · $486 · 0.7 mi | $715,000 | 2 | 2 | 1,471 | $486 | 0.7 mi |
C 2300 Broadway 5 Sold 2 bd · 2 ba · 1,270 sqft · $433 · 0.7 mi | $550,000 | 2 | 2 | 1,270 | $433 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although the building was constructed in 1968, the unit has undergone a high-end renovation within the last 5 years. It features a modern kitchen with quartz countertops and stainless steel appliances, updated bathrooms, and new engineered hardwood floors, meeting the criteria for mint condition and no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Renovations
The unit features a tastefully updated kitchen with quartz countertops and custom cabinetry, along with renovated bathrooms and engineered hardwood floors, offering a move-in-ready aesthetic.
- Prime Location & Amenities
Situated in the desirable Lake Merritt neighborhood, the building offers 24-hour door service, deeded gated parking, and a quiet courtyard view, balancing urban convenience with high-level security.
- Expansive Natural Light
Floor-to-ceiling windows in every room and balcony access from both bedrooms and the great room maximize natural light and create a spacious, airy living environment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1311, other record living area = 1223. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Monthly Carrying Costs
The association fee is $1,355 per month, which is significantly higher than average for the area and may impact buyer affordability and mortgage qualification.
- Laundry Limitations
The property currently relies on a shared laundry facility; while in-unit installation is an option, it requires HOA verification and represents an additional capital investment for the buyer.
About 1555 Lakeside Dr 24
Spanning 1,311 sqft*, 1555 Lakeside, Unit 24 enjoys the serenity of a courtyard view, away from the hustle and bustle around the Lake. Tastefully updated, this home features: floor-to-ceiling windows in every room, balcony access from both bedrooms, eat-in kitchen, and great room. The renovated kitchen features quartz countertops, custom cabinetry, and stainless steel appliances. Updated bathrooms, ample closet space. Engineered hardwood floors. Deeded, gated parking space with additional storage space in garage. Level-in from elevator to unit. Shared laundry room with option for buyers to install in-unit laundry** Building amenities include 24-hour door service, two elevator banks, a shared mezzanine courtyard, and clubhouse. Sewer Compliant and SB326 Balcony exempt per HOA. Living by Lake Merritt provides the ultimate convenience with dining, shopping, and transportation practically right outside your door. *Per Public Records. **Buyers to verify installation of in-unit laundry with HOA. Open Sat/Sun October 17th and 18th from 2-4 PM. Open Monday Oct 19th 10 AM to 1 PM and Twilight Party from 6 to 8 PM.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1968
- Lot Size
- 22,683 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1355.0 / Month
Neighborhood Insights
Oakland Unified Schools
Lincoln Elementary School
Grades K-5 • 0.4 mi
8/10
Martin Luther King, Jr. Elementary School
Grades PK-3 • 1.2 mi
2/10
Lafayette Elementary School
Grades 2-5 • 1.2 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.6 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,311 | 969.659 |
| Lot Size | 22,683 | 16,354.274 |
| Price | $625.0K | $478.1K |
| Price per sq ft | $477 | $492 |
| Built year | 1968 | 1987 |
| HOA | $1355.0 | $698 |
| Days on market | 10 | 60 |
Pricing History
Listed for Sale
Oct 14, 2026
$625,000
Initial Listing
Sold
Jul 28, 2021
$875,000
Public Record
Sold
Feb 21, 2014
$480,000
Public Record
Sold
Jul 9, 2010
$365,000
Public Record
Sold
Oct 5, 2000
$260,000
Public Record