1954 48th Ave, Oakland, California 94601, Oakland, 94601 - 2 bed, 1 bath
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Oakland, California 94601
This Updated Spanish-Style Residence is a Strong Value Opportunity, listed at $499,000—positioned well below the $530,049 Fair Market Value by 5%. This valuation gap provides $31,049 in Instant Equity. Boasting a Move-in Ready Condition Rating, the home features a modernized kitchen with granite countertops and a renovated bathroom. Its prime location just 20 minutes from San Francisco, combined with a versatile bonus room and tall basement, balances lifestyle convenience with financial upside. This is an ideal match for Owner-Occupants or first-time buyers seeking a turnkey asset with built-in wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1954 48th Ave Subject | $499,000* List Price | 2 | 1 | 1,060 | $491 | - |
A 1530 36th Ave Sold | $500,000 | 2 | 1 | 920 | $543 | 0.8 mi |
B 2154 35th Ave Sold | $435,000 | 2 | 2 | 849 | $512 | 0.9 mi |
C 2564 35th Ave Active | $495,000 List Price | 3 | 2 | 1,097 | $451 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant interior updates. The kitchen is well-maintained with updated dark wood cabinetry, granite countertops, and stainless steel appliances. The bathroom has also been modernized with a pedestal sink and a tiled shower/tub enclosure. While the home was built in 1930, the quality of the renovations and the overall condition of the flooring and fixtures suggest it has been well-maintained and updated within the last 5 to 15 years.
Ideally situated just 20 minutes from San Francisco with rapid access to BART and major highways, making it a perfect hub for Bay Area professionals.
This 1930s Spanish-style residence boasts excellent curb appeal with its signature red tile trim, offering timeless character that stands out in the neighborhood.
The property features a flexible third room suitable for an office or pantry, plus a tall basement area that provides significant potential for storage or future expansion.
With only one bathroom serving the entire home, the layout may present challenges for multi-resident households or those who frequently host guests.
The 2,318 square foot lot is relatively small, which limits private outdoor recreational space and may restrict future footprint expansions.
Welcome to this charming Spanish style home! excellent curb appeal with red tile trim along the roofline. 2 roomy bedrooms, 1 bath, split level home, big kitchen and dining room area, plus an additional 3rd room can be an office or huge pantry, or a small bedroom, 1 car garage, 1 driveway or patio, plus an extra roomy tall basement area. Fence all around property. Great location, 20 minutes from San francisco or commute anywhere in the Bay area in less than 1 hour, close to bart major highways. Perfect starter home for easy commute.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 1,060 | 1,327 | 21% |
| Lot Size | 2,318 | 4,375 | 6% |
| Price | $499.0K | $565.0K | 30% |
| Price per sq ft | $471 | $407 | 64% |
| Built year | 1930 | 1921 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 187 | 2% |
Mar 15, 2026
$499,000
Initial Listing