
Oakland, California 94611
This mid-century Single Family Residence represents a High-Potential Investment Opportunity, listed at $648,000—positioned well below the $807,574 Fair Market Value by 19%. This valuation gap offers $159,574 in Instant Equity. Featuring a Condition Rating of 4, the home offers iconic architecture and panoramic Bay views, though it requires modernization. The versatile lower-level studio provides significant upside for an ADU conversion. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build wealth through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1999 Gaspar Dr Subject | $648,000* List Price | 1 | 2 | 1,008 | $801 | - |
A 7020 Saroni Drive Pending | $749,000 List Price | 3 | 1 | 1,344 | $557 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this mid-century home is well-maintained but features a dated kitchen with older cabinetry and appliances, along with vintage bathroom finishes like boomerang laminate countertops. While move-in ready, the primary systems and wet areas appear to be over 20-30 years old and will eventually require modernization.
The home features iconic mid-century modern elements, including a steel-beam structure, soaring ceilings, and Nordic red-oak floors, all designed to maximize natural light and indoor-outdoor flow.
A large, light-filled bonus studio with a utility sink and separate entrance offers significant potential for a creative workspace, home office, or future ADU/in-law conversion.
Perfectly positioned to offer panoramic Bay and forest views, the property provides a secluded retreat feel while remaining minutes from Montclair Village via the area's famous 'secret stairways'.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
With only one formal bedroom, the property's appeal may be restricted to individuals or couples, potentially limiting the buyer pool compared to multi-bedroom homes in the area.
The multi-level hillside configuration requires exterior access for the laundry, workshop, and lower studio, which may be inconvenient during inclement weather or for those with mobility concerns.
Flooded with light and Bay views, this quintessential mid-century artist's retreat is peacefully perched above Montclair Village's bustling shops, services, and restaurants. 1999 Gaspar is enough up the hill to provide forest living and views of the Bay from the upper and lower levels of the home, while remaining connected to the town via a minute long car jaunt or a brief meander down one on Montclair's famous "secret stairways" at the end of the block. Pull into the carport, take in the view as you unbuckle, and enjoy a deep breath as you settle into your own slice of heaven. Flow down the few gentle steps to your front landing and settle into another time, surrounded by lush hillside vegetation and 1999 Gaspar's iconically angled and steel beam filled structure. Your day continues to melt away as you enter the home and soak in the neighbor-less views of the Bay. Sunshine greets and surrounds you, as the wall of windows illuminate the soaring ceilings and Nordic red-oak hardwood floors of your living spaces in golden light. The sun may beckon you closer as you step from the kitchen, dining, and living spaces through glass doors and onto the spacious back deck. You may rather choose to meander through the angled glass doors in the front to the zen-garden like patio, to relax with tea and a book, or enjoy some al fresco dining. Either way, 1999 Gaspar was built with effortless indoor/outdoor flow in mind. The primary suite is a sanctuary within the retreat of the home. Equally bathed in light from the wall of windows, your forest and Bay views are now accompanied by a crown of clerestory windows adorning the connected wall. In the large, connected studio below the main level of the home you'll find an equal amount of light from the wall of floor-to-ceiling windows with views of the forest and Bay. It's equipped with a utility sink, built-in shelving and desk, and a large storage area with built-in wine racks. The previous owner was a painter and used this space as her creative haven. Your creativity is the only limit to the possibilities for this large bonus square footage. Future in-law? Add interior access? You'll find this space's entrance either via the additional patio/play/work out space, or down along the left side of the home where you'll also find the attached laundry, workshop, storage, and utility room. Seated on over 5500 square feet of land, this home is brimming with life and ready to begin its next chapter. Views: Downtown
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,008 | 1,630.086 |
| Lot Size | 5,546 | 5,044.686 |
| Price | $648.0K | $1.05M |
| Price per sq ft | $643 | $618 |
| Built year | 1955 | 1927 |
| HOA | $0 | $265 |
| Days on market | 12 | 37 |
Aug 28, 2026
$648,000
Initial Listing