2301 87th Avenue, Oakland, California 94605, Oakland, 94605 - 3 bed, 2 bath
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2301 87th Avenue
Oakland, California 94605
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
2Baths
1,088Sq Ft
3,000Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$412,431
3% BelowMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $399,000—positioned well below the $412,432 Fair Market Value by 3%. This valuation gap offers $13,432 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home is move-in ready with modern kitchen updates and fresh paint. While local school ratings are modest, the property’s corner-lot privacy and dual-garage configuration provide significant utility. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point.
Estimated Market Value
$412,431+$13,431 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2301 87th Avenue Subject | $399,000* List Price | 3 | 2 | 1,088 | $379 | - |
A 7114 Halliday Sold | $510,000 | 3 | 2 | 1,242 | $411 | 1.0 mi |
B 2681 2681 79th Ave Active | $480,000 List Price | 2 | 2 | 1,192 | $403 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1920, the property has undergone a clear renovation within the last 5-15 years. The kitchen features updated shaker-style cabinetry, stone countertops, and stainless steel appliances. The interior is move-in ready with fresh paint, recessed lighting, and modern laminate flooring throughout, though the exterior and certain fixtures show signs of the home's original age.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced at $399,000, this property represents a rare entry-level opportunity for a detached three-bedroom home in the competitive Oakland market.
- Corner Lot & Natural Light
The corner-lot positioning provides enhanced privacy, superior natural light, and the significant added value of two separate garages.
- Move-In Ready Condition
With fresh interior paint and a clean, flexible layout, the home is prepared for immediate occupancy, minimizing initial renovation costs for the buyer.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Underperforming School District
The local schools carry low performance ratings (ranging from 1 to 3), which may be a concern for families and could impact future appreciation.
- 1031 Exchange Contingency
The requirement for the buyer to participate in the seller's 1031 Exchange adds administrative complexity and potential timing constraints to the closing process.
About 2301 87th Avenue
Charming corner-lot home offering a spacious and flexible layout with 3 bedrooms and 2 full bathrooms as currently configured. Ready to move-in. The home features fresh interior paint, two garages, and a desirable corner location with added privacy and natural light. Conveniently located near shopping, dining, transportation, and neighborhood amenities. Bedroom and bath count differs from public records. Buyer and buyers agent to independently verify bedroom/bathroom count, square footage, permits, and all property information. Buyer to participate in Seller's 1031 Exchange with no cost to Buyer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 3,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
East Oakland Pride Elementary School
Grades K-5 • 0.5 mi
3/10
Parker Elementary School
Grades K-8 • 0.6 mi
3/10
Elmhurst Community Prep School
Grades 6-8 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,088 | 1,630.086 |
| Lot Size | 3,000 | 5,044.686 |
| Price | $399.0K | $1.05M |
| Price per sq ft | $367 | $618 |
| Built year | 1920 | 1927 |
| HOA | $0 | $265 |
| Days on market | 26 | 37 |
Pricing History
Listed for Sale
Aug 14, 2026
$399,000
Initial Listing
Sold
May 19, 2014
$263,000
Public Record
Sold
Feb 28, 2014
$135,000
Public Record
Sold
Feb 11, 2010
$77,000
Public Record
Sold
Aug 1, 2007
$309,000
Public Record