2343 Mastlands Dr, Oakland, California 94611, Oakland, 94611 - 4 bed, 3 bath
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Oakland, California 94611
This Versatile Multi-Unit Property represents a Prime Investment Opportunity, listed at $998,000—positioned well below the $1,027,325 Fair Market Value by 2%. This valuation gap provides $29,325 in Instant Equity. Featuring a Condition Rating of 3, the home includes a separate lower-level unit and a detached studio, offering significant rental income potential. With a new roof and partial Bay views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating residence in a desirable neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2343 Mastlands Dr Subject | $998,000* List Price | 4 | 3 | 2,150 | $478 | - |
A 6956 6956 Sayre Drive Sold | $780,000 | 3 | 2 | 2,080 | $375 | 0.9 mi |
B 6537 Aitken Dr Sold | $1,230,000 | 4 | 2 | 2,349 | $524 | 0.8 mi |
C 6659 Exeter Dr Sold | $1,048,500 | 3 | 3 | 2,693 | $389 | 0.8 mi |
D 5899 5899 Westover Dr Sold | $1,092,000 | 3 | 3 | 2,183 | $500 | 0.3 mi |
E 2929 Holyrood Drive Sold | $1,250,000 | 3 | 3 | 2,431 | $514 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1958, the property has been well-maintained and updated, featuring a new roof, new flooring on the lower level, and a refreshed kitchen with stainless steel appliances and stone countertops. The interior shows modern lighting and move-in ready finishes, fitting the 5-15 year renovation criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11925, living area = 2150.
High School: Miramonte High School (10/10).
The property features a unique configuration with a separate lower-level unit and an additional studio with a kitchenette, offering significant potential for rental income or multi-generational living.
While the elementary school is highly rated, the assigned high schools have lower performance scores, which may impact long-term appeal for families with older children.
Built in 1958, the property may still require updates to older mechanical or electrical systems that were not addressed in the recent cosmetic and roof renovations.
Nestled in the highly desirable lower Piedmont Pines neighborhood, this charming home offers the perfect blend of tranquility and convenience. Situated on a quiet street just a short distance from Montclair Village, you'll enjoy easy access to shops, cafes, and services. Nature lovers will appreciate the proximity to both Joaquin Miller Park and Redwood Regional Park, home to an extensive network of hiking trails. This home is steps away from Joaquin Miller Elementary and Montera Middle schools, making it ideal for the young ones. The main house is a spacious 4-bedroom, 2-bathroom home, but if needed the lower level can be separated as a 2-bedroom, 1-bathroom unit with its own private side entry door, creating an excellent rental potential or multi-generational living. Soundproofing has been added to enhance privacy between upstairs and downstairs. New roof and new flooring on the lower floor. Additionally, a studio is located beneath the 2-car garage, complete with its own views, kitchenette, bathroom, and laundry facility. New roof and new flooring on the lower floor. Surrounded by trees, the property offers a peaceful setting with a partial view of the Bay. Don’t miss this versatile gem! www.2343Mastlands.com for more photos, videos and 3D Matterport Tour.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,150 | 2,353.5 | 42% |
| Lot Size | 11,925 | 7,374.5 | 78% |
| Price | $998.0K | $1.53M | 11% |
| Price per sq ft | $464 | $749 | 10% |
| Built year | 1958 | 1950 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 97 | 1% |
May 16, 2026
$998,000
Initial Listing
Apr 7, 2016
$1,073,500
Public Record
Sep 3, 2008
$550,000
Public Record
Apr 4, 2006
$950,000
Public Record
Sep 26, 2002
$10,000
Public Record