
Oakland, California 94607
This property presents a High-Potential Investment Opportunity with a List Price of $558,888—positioned well below the $584,244 Fair Market Value by 4%. This valuation gap offers $25,356 in Instant Equity for buyers. Featuring a Fair Condition Rating, the loft requires cosmetic updates to maximize its industrial aesthetic. With its Live/Work layout and prime Jack London Square location, this is a strategic acquisition ideal for Buy-and-Hold Investors or creative owner-occupants seeking value-add potential in a high-demand urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 4th St 408 Subject | $558,888* List Price | 2 | 2 | 1,212 | $482 | - |
A 247 4th St 301 Sold | $525,000 | 1 | 1 | 1,208 | $435 | 0.0 mi |
B 585 9th St 443 Sold | $625,650 | 2 | 2 | 1,095 | $571 | 0.6 mi |
C 585 9th St Unit 535 Sold | $569,000 | 2 | 2 | 990 | $575 | 0.6 mi |
D 201 4th St 408 Pending | $529,999 List Price | 2 | 2 | 1,212 | $437 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Although the loft features desirable industrial elements like polished concrete floors and stainless steel appliances, the listing explicitly states the property is offered 'as-is' and requires 'cosmetic updates/TLC.' Given the 1928 original construction and the likely age of the conversion, the interior is dated and needs minor repairs/updates to meet modern standards.
Housed in the historic Safeway headquarters, the loft features soaring concrete ceilings, exposed architectural details, and polished concrete floors that provide a highly sought-after industrial aesthetic.
The property offers exceptional walkability to the waterfront, diverse dining, and entertainment, with convenient access to BART, Amtrak, and ferry services for seamless commuting.
The flexible 1,212 sqft open-concept layout and Live/Work designation make it an ideal choice for creative professionals or those seeking a functional, spacious home-office environment.
The property is offered in as-is condition and requires cosmetic updates and TLC, which will necessitate additional immediate capital investment from the buyer for modernization.
The association fee is $750 per month, representing a significant recurring expense that may impact overall affordability and debt-to-income ratios for some purchasers.
Fresh opportunity at New Market Lofts in Oakland's Jack London Square! This distinctive Live/Work loft pairs authentic industrial character with the convenience of modern urban living. Originally built as Safeway's corporate headquarters and later converted to loft residences, the historic building remains one of the area's recognizable warehouse-style communities. Inside, soaring concrete ceilings, exposed architectural details, polished concrete floors and a dramatic wall of windows create a bright, open atmosphere with impressive urban views. The flexible open concept layout provides plenty of room to live, work, entertain or create, while the kitchen with breakfast bar and stainless steel appliances anchors the main living space. Additional conveniences include in-unit laundry, generous storage and secure garage parking. New Market Lofts offers an established HOA community with resident amenities including a fitness center. Step outside and enjoy the Jack London Square waterfront lifestyle with restaurants, shopping and entertainment nearby, plus convenient access to Amtrak, BART, Oakland/Alameda ferry service and major Bay Area commuter routes. An exciting opportunity for an owner occupant, creative professional or investor looking for an Oakland loft with architectural character, views and value add potential. Property is offered as-is and may benefit from cosmetic updates/TLC, giving the next owner an opportunity to make the space their own.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades PK-3 • 1.0 mi
Grades K-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.5 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,212 | 952.848 |
| Lot Size | 15,035 | 16,731.21 |
| Price | $558.9K | $488.1K |
| Price per sq ft | $461 | $502 |
| Built year | 1928 | 1991 |
| HOA | $750.0 | $683 |
| Days on market | 12 | 60 |
Aug 28, 2026
$558,888
Initial Listing
Mar 8, 2002
$405,000
Public Record