247 4th St 301, Oakland, California 94607, Oakland, 94607 - 1 bed, 1 bath
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Oakland, California 94607
This Industrial Loft Conversion is a Strong Value Opportunity, listed at $449,000—positioned well below the $471,790 Fair Market Value by 4%. This valuation gap offers $22,790 in Instant Equity for the buyer. Featuring a Good Condition Rating, this unit offers an authentic warehouse aesthetic with soaring ceilings, expansive windows, and custom storage solutions. Located in the vibrant Jack London Square district, it provides a transit-rich lifestyle. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking urban character.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 247 4th St 301 Subject | $449,000* List Price | 1 | 1 | 1,208 | $391 | - |
A 428 Alice Street 637 Sold | $349,000 | 1 | 1 | 780 | $447 | 0.0 mi |
B 226 2nd St G2 Sold | $400,000 | 1 | 1 | 897 | $446 | 0.1 mi |
C 311 Oak St. 801 Sold | $405,200 | 1 | 1 | 923 | $439 | 0.2 mi |
D 801 Franklin St 607 Sold | $330,000 | 2 | 2 | 880 | $375 | 0.4 mi |
E 675 8th St 10 Sold | $335,000 | 1 | 2 | 866 | $387 | 0.7 mi |
F 288 3rd St 406 Sold | $400,000 | 1 | 1 | 866 | $462 | 0.1 mi |
G 675 675 8th Street 15 Sold | $377,000 | 2 | 2 | 849 | $444 | 0.7 mi |
H 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 move-in ready.
This 1923 industrial conversion is in well-maintained, move-in ready condition. The kitchen features stainless steel appliances and butcher block countertops, and the unit boasts updated lighting and polished concrete floors. While the building is historic, the interior finishes and systems reflect a renovation within the 5-15 year range, meeting the criteria for Good condition.
As a 1923 Safeway warehouse conversion, this corner unit features soaring ceilings and expansive walls of windows that flood the 1,208 square foot space with natural light.
Situated in the heart of Jack London Square, the property offers exceptional walkability to top-tier dining and seamless access to the SF Bay Ferry, Amtrak, BART shuttles, and I-880.
The interior boasts clever space-saving solutions, including a raised sleeping platform with integrated storage, a library ladder for vertical access, and in-unit laundry.
The association fee of $731 per month is relatively high compared to the list price, which may impact the overall affordability for budget-conscious buyers.
While the elementary school is highly rated, the assigned middle and high schools have significantly lower ratings, which could affect long-term resale value for families.
Built in 1923 as Safeway's corporate warehouse, Fourth Street Lofts is a classic industrial conversion with voluminous condos that offer tons of natural light. This corner unit's walls of windows pull in the light and look straight out over the surrounding warehouse district. Expansive and sunny, this home feels uplifting and exciting. And the large freight-style elevator makes every day, and special trips up and down, easy. The main living area makes full use of that volume with plenty of room for living, working, and entertaining. The kitchen offers butcher block counters, ample cabinetry & open shelving, and stainless appliances. On the opposite side of the room, a customized ledge area holds open cubby storage, reached by a library ladder. Another loft area with a low ceiling could be a meditation or reading nook, or offer additional storage. The sleeping area sits on a raised wood platform with drawer and shelf storage built into and under its base, as well as extra storage beneath it. The bathroom holds stacked laundry machines, and there are two closets with built-in storage. Bicycle Coffee, Farmhouse Thai, Reem's, Kuidaore, Yoshi's, and Dave & Buster's are all close by. I-880, a free BART shuttle, Amtrak, the SF Bay Ferry, and AC Transit's 12 and 72 lines make getting around the Bay easy. Don't miss this Jack London Square standout!
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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,208 | 1,032 |
| Lot Size | 15,021 | 17,988 |
| Price | $449.0K | $523.2K |
| Price per sq ft | $372 | $487 |
| Built year | 1923 | 1975 |
| HOA | $731.0 | $730 |
| Days on market | 6 | 53 |
Jul 16, 2026
$449,000
Initial Listing
Sep 10, 2004
$422,000
Public Record
Apr 26, 2000
$359,500
Public Record