2007 57th Ave, Oakland, California 94621, Oakland, 94621 - 0 bed, 0 bath
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Oakland, California 94621
This Dual-Unit Residential Asset represents a High-Potential Investment Opportunity, listed at $495,000—positioned well below the $507,049 Fair Market Value by 2%. This valuation gap offers $12,049 in Instant Equity. With a Condition Rating of 4, the property requires cosmetic modernization to maximize rental yields. The versatile layout, featuring two separate units on one lot, is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy near major Bay Area transit hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2007 57th Ave Subject | $495,000* List Price | 0 | 0 | 1,515 | $335 | - |
A 1127 60th Ave Sold | $520,000 | 4 | 2 | 1,459 | $356 | 0.7 mi |
B 5540 E 17th St Sold | $499,000 | 3 | 2 | 1,239 | $403 | 0.2 mi |
C 5553 Harvey Ave Sold | $388,000 | 2 | 1 | 1,099 | $353 | 0.1 mi |
D 1301 60th Ave Active | $570,000 List Price | 5 | 3 | 1,589 | $359 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1920, is functional and move-in ready but clearly dated. The kitchen features older dark wood cabinetry and basic countertops, while the living areas show aging carpet and wall-mounted heating units rather than a modern central HVAC system. It requires cosmetic updates and likely electrical/system modernizations consistent with a 20+ year old renovation cycle.
The property features two separate homes on a single lot, providing exceptional flexibility for rental income, multi-generational living, or a live-work setup.
Both units will be delivered vacant at the close of escrow, allowing the new owner to immediately occupy the property or set market-rate rents without tenant complications.
Ideally situated near BART, major freeways, and the Oakland Ferry, this property offers superior transit access for professionals commuting throughout the Bay Area.
The assigned public schools have very low performance ratings (ranging from 1 to 3), which may deter families who prioritize high-ranking educational districts.
Built in 1920, the property may require significant ongoing maintenance or costly modern upgrades to its aging structural and mechanical systems.
Welcome to 2007 57th Avenue in Oakland — a versatile property featuring 2 homes on 1 lot offering flexibility for homeowners, investors, or multi-generational living. The front home features 2 bedrooms, 1 bath, spacious living areas, and abundant natural light creating a warm and inviting atmosphere. The rear unit offers a unique loft-style design with 1 bedroom and 1.5 baths, complete with its own private entrance for added privacy and functionality. Both units are scheduled to be delivered vacant at close of escrow, providing endless possibilities for owner-occupancy, rental income, or extended family living. The property includes garage parking, an extended driveway with ample off-street parking, and a low-maintenance lot with approximately 3,130 sq ft. Conveniently located near BART, major freeways, Oakland Ferry access, shopping, dining, parks, and schools, this property offers excellent commuter access throughout the Bay Area. Whether you're looking to expand your investment portfolio or create the ideal live/work or multi-family setup, this Oakland property presents exceptional potential and opportunity.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 6-8 • 0.6 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 1.0 | 2% |
| Square foot | 1,515 | 1,170 | 90% |
| Lot Size | 3,130 | 4,000 | 8% |
| Price | $495.0K | $510.0K | 42% |
| Price per sq ft | $327 | $436 | 16% |
| Built year | 1920 | 1925 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 190 | 2% |
May 11, 2026
$495,000
Initial Listing
Dec 8, 2006
$497,000
Public Record
Jan 16, 2003
$185,000
Public Record