2426 38th Ave, Oakland, California 94601, Oakland, 94601 - 2 bed, 1 bath
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Oakland, California 94601
This property presents a High-Potential Investment Opportunity with a List Price of $499,800—positioned well below the $515,505 Fair Market Value by 3%. This valuation gap offers $15,705 in Instant Equity for buyers. With a Condition Rating of 4, the home requires modernization, yet features impressive Oakland Hills views and a functional layout. While local school ratings vary, the property offers a rare, accessible entry point into the market. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2426 38th Ave Subject | $499,800* List Price | 2 | 1 | 1,187 | $428 | - |
A 5432 Bancroft Ave Sold | $435,000 | 3 | 1 | 1,091 | $399 | 1.0 mi |
B 2042 Rosedale Ave. Sold | $430,000 | 2 | 1 | 1,119 | $384 | 0.4 mi |
C 2628 Logan St Sold | $592,500 | 3 | 1 | 1,327 | $446 | 0.9 mi |
D 2533 Harrington Ave Sold | $600,000 | 3 | 2 | 1,615 | $372 | 0.2 mi |
E 2005 2005 36th Avenue Sold | $549,000 | 3 | 2 | 1,210 | $454 | 0.4 mi |
F 1464 35th Ave Sold | $489,200 | 3 | 2 | 1,133 | $432 | 0.8 mi |
G 1909 51st Avenue Sold | $502,200 | 3 | 1 | 1,492 | $337 | 0.8 mi |
H 2309 High St Pending | $498,888 List Price | 3 | 3 | 1,213 | $411 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 101 years old (built 1923) and the listing lacks any mention of recent renovations to the kitchen, bathrooms, or major systems (HVAC/Electric). The description 'ready for your personal touches' is a standard industry indicator that the interior is dated and requires updates. While the exterior appears maintained, the age and lack of modernization suggest it needs minor repairs and cosmetic overhauls to meet modern standards.
Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
The property is perched above the street and offers impressive, panoramic views of the Oakland Hills, significantly enhancing its aesthetic appeal and marketability.
Priced under $500,000, this home represents a rare and accessible entry point into the Oakland single-family residential market for first-time buyers or investors.
The majority of the immediate neighborhood schools carry low ratings (2/10), which may be a deterrent for families prioritizing educational performance.
As a century-old property described as ready for 'personal touches,' buyers should anticipate additional costs for updates, repairs, or system modernizations typical of a 1920s home.
VIEW! VIEW! VIEW! You need to see it yourself. Perched above the street with impressive Oakland Hills views! This charming 2 bedroom, 1 bath home offers a wonderful opportunity. This home also features a wonderful, landscaped backyard, spacious living room with a functional floor plan that offers comfortable everyday living. Full of character and ready for your personal touches... his home combines a desirable hillside setting with convenient access to shopping, dining and commuter routes. Don't miss the chance to make this special property your own.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,187 | 1,587.5 |
| Lot Size | 4,800 | 5,000 |
| Price | $499.8K | $1.06M |
| Price per sq ft | $421 | $623 |
| Built year | 1923 | 1928 |
| HOA | $0 | $338 |
| Days on market | 47 | 35 |
Jun 5, 2026
$499,800
Initial Listing