
Oakland, California 94602
This Stunning Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $1,149,000—positioned well below the $1,496,365 Fair Market Value by 23%. This valuation gap offers $347,365 in Instant Equity. Featuring panoramic Bay and Bridge views, a level backyard oasis, and a highly functional 2,301 sqft layout, the home maintains a Condition Rating of 3. While offering immediate lifestyle appeal, it remains an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking significant long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1908 Melvin Rd Subject 3 bd · 3 ba · 2,301 sqft · $650 | $1,149,000* List Price | 3 | 3 | 2,301 | $650 | - |
A 4049 Canon Ave Sold 4 bd · 3 ba · 2,263 sqft · $627 · 0.9 mi | $1,420,000 | 4 | 3 | 2,263 | $627 | 0.9 mi |
B 1 Woodcrest Cir Sold 2 bd · 2 ba · 1,827 sqft · $617 · 0.3 mi | $1,127,500 | 2 | 2 | 1,827 | $617 | 0.3 mi |
C 1980 Oak Crest Active 4 bd · 2 ba · 2,185 sqft · $544 · 0.2 mi | $1,189,000 List Price | 4 | 2 | 2,185 | $544 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1936, the property is in well-maintained, move-in ready condition. The interior features refinished hardwood floors, updated lighting, and modern paint. While the description notes one bathroom retains 'vintage tile,' the overall aesthetic and functional layout suggest a home that has been consistently updated within the 5-15 year range, showing no signs of neglect or major structural issues.
The property features soaring high ceilings and expansive windows that frame iconic Bay and Bridge views, providing a dramatic and high-end aesthetic in the heart of Oakmore.
A significant rarity for this hillside neighborhood, the home offers level lawns in both the front and back, complemented by a large deck and built-in seating for seamless outdoor entertaining.
The floor plan is exceptionally cohesive, featuring three bedrooms and two baths on a single upper level, plus a versatile lower-level bonus space with a third full bath and interior garage access.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2301, other record living area = 1879.
While the elementary school is well-rated, the assigned middle and high schools currently hold lower ratings, which may be a concern for families prioritizing long-term educational rankings.
Built in 1936 and retaining vintage features like original bathroom tile, the property may require capital investment for modern system upgrades or cosmetic renovations to suit contemporary tastes.
Perched in the heart of Oakmore, 1908 Melvin is one of those rare finds where the layout just clicks. If you’ve been searching for a floor plan that actually makes sense for real life, this is it. The living room is a total showstopper with soaring high ceilings, fireplace, and big windows that frame those killer Bay and Bridge views. Whether you’re hosting a dinner party in the formal dining room or just grabbing a quick coffee in the sunny kitchen nook, the backdrop is pure East Bay magic. The bedroom layout is the real winner. You’ve got three bedrooms and two full bathrooms all tucked together on the upper level. It’s the kind of cohesive, thoughtful layout that’s hard to find. The primary suite serves as a true retreat, a spacious bedroom with a private ensuite bath. Down the hall, a second bathroom maintains its character with vintage tile and tub. Head downstairs to find a secondary living space that’s ready for movie nights, plus a bonus room perfect for a home office, playroom, or gym. There’s also a third full bath, the laundry setup, and the convenience of interior access to the garage. Outside, it just keeps getting better. Level lawns in both the front and the back, a serious rarity for the area! While you enjoy the big views from the front, the back of the house transitions into a private, level oasis. Level lawn, and a large deck with built-in benches. It’s a secluded retreat designed for firing up the grill and lounging in total peace. 1908 Melvin is more than just a house, it’s a lifestyle upgrade in a neighborhood everyone loves.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,301 | 1,591.405 |
| Lot Size | 5,115 | 5,033.821 |
| Price | $1.15M | $1.04M |
| Price per sq ft | $499 | $611 |
| Built year | 1936 | 1927 |
| HOA | $100.0 | $227 |
| Days on market | 8 | 36 |
Oct 16, 2026
$1,149,000
Initial Listing
May 23, 2017
$1,305,000
Public Record