
Alameda, California 94501
This 3-bedroom single-family residence represents a Strong Value Opportunity, listed at $998,000—positioned well below the $1,067,318 Fair Market Value by 6%. This valuation gap offers $69,318 in Instant Equity. With a Condition Rating of 3, the home features preserved hardwood floors and a spacious 5,120 sqft lot. The property offers significant upside through a potential second bath addition. Located near top-rated schools like Donald D. Lum Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1801 Wood St Subject 3 bd · 1 ba · 1,267 sqft · $842 | $998,000* List Price | 3 | 1 | 1,267 | $842 | - |
A 1508 Pacific Ave Sold 2 bd · 1 ba · 1,236 sqft · $858 · 0.5 mi | $1,060,000 | 2 | 1 | 1,236 | $858 | 0.5 mi |
B 1029 Lincoln Ave Sold 2 bd · 1 ba · 1,085 sqft · $988 · 0.2 mi | $1,072,000 | 2 | 1 | 1,085 | $988 | 0.2 mi |
C 1344 Saint Charles St Sold 2 bd · 2 ba · 1,344 sqft · $911 · 0.5 mi | $1,225,000 | 2 | 2 | 1,344 | $911 | 0.5 mi |
D 1410 Sherman St Sold 2 bd · 2 ba · 1,452 sqft · $723 · 0.5 mi | $1,050,000 | 2 | 2 | 1,452 | $723 | 0.5 mi |
E 473 Pacific Ave Sold 2 bd · 1 ba · 1,122 sqft · $882 · 0.7 mi | $990,000 | 2 | 1 | 1,122 | $882 | 0.7 mi |
F 617 Pacific Ave Pending 2 bd · 2 ba · 1,088 sqft · $771 · 0.5 mi | $839,000 List Price | 2 | 2 | 1,088 | $771 | 0.5 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, functional, and move-in ready. The interior features beautifully preserved and refinished inlaid hardwood floors, clean paint, and updated lighting/skylights. While the 3-bedroom, 1-bathroom layout is somewhat dated and suggests potential for a second bath addition, the overall condition shows clear pride of ownership without immediate major defects.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Ideally situated near Webster Street’s amenities, the Transbay Ferry, and Crown Memorial State Beach, offering excellent transit options and a vibrant coastal lifestyle.
The property offers a clear opportunity for equity growth with space for a potential second bathroom and interior laundry addition to modernize the 3-bedroom layout.
With three bedrooms and only one bathroom, the current configuration may be a significant drawback for modern families or buyers seeking a primary suite.
As a century-old home built in 1912, buyers should anticipate potential needs for modernizing aging systems or addressing maintenance typical of older structures.
Possible 2nd bath and interior laundry addition! Charming 3-bedroom home with spacious backyard and enclosed sun porch. Den/Office area in lower level. Beautiful wood floors in most rooms with some original charms. Cozy living room. Open kitchen across from dining area. Good sized bedrooms. Spacious and low maintenance backyard w/ detached garage. Lots of storage area. Detached garage with separate entrance. Nearby parks and recreation, Crown Memorial State Beach, waterfront trails, and miles of bike-friendly streets. Webster Street’s Farmer's Market, shops, cafés, restaurants, and neighborhood favorites with convenient access to the Transbay Ferry and AC Transit for easy connections to San Francisco. More future developments to come with playground & parks at the end Wood St.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,267 | 1,790.196 |
| Lot Size | 5,120 | 4,403.078 |
| Price | $998.0K | $1.42M |
| Price per sq ft | $788 | $831 |
| Built year | 1912 | 1928 |
| HOA | $0 | $269 |
| Days on market | 42 | 37 |
Sep 12, 2026
$998,000
Initial Listing
Jan 4, 1996
$188,500
Public Record