2518 98th Ave, Oakland, California 94605, Oakland, 94605 - 2 bed, 1 bath
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2518 98th Ave
Oakland, California 94605
ACTIVE
CONDITION: POOR
2Beds
1Baths
980Sq Ft
3,800Lot Size
Property Price
LIST PRICE$510,000
EST. MARKET VALUE
$490,710
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $510,000—positioned well above the $490,710 Fair Market Value by -3%. Featuring a Fair Condition Rating (5/10), the home requires a full interior rehab and system upgrades. The 3,800-square-foot lot and versatile bonus room provide significant value-add potential for those willing to modernize the floor plan. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project in a commuter-friendly Oakland location.
Estimated Market Value
$490,710
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1940 and not updated in over 30 years, the property shows significant signs of age including a dated kitchen with old cabinetry/tile, obsolete wall heating systems, and visible structural cracking in the garage floor. The home requires a full interior rehab and system upgrades to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Living Space
The split-level floor plan includes a flexible bonus room, providing essential extra space for a home office, creative studio, or guest area in a compact footprint.
- Significant Outdoor Potential
The 3,800-square-foot lot offers a generous backyard relative to the home's size, creating an ideal canvas for gardening, outdoor entertaining, or future landscaping projects.
- Strategic Commuter Location
Positioned with easy access to I-580 and public transportation, this property offers a convenient location for Bay Area commuters seeking proximity to major employment hubs.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The property is served by local schools with consistently low performance ratings, which may impact long-term appreciation and appeal to families.
- Limited Bathroom Capacity
With only one bathroom serving two bedrooms and a bonus room, the home's layout may be restrictive for households with multiple occupants or those desiring modern convenience.
About 2518 98th Ave
First time on the market in over 30 years! This charming detached split-level home offers 2 bedrooms, 1 bathroom, and a versatile bonus room ideal for a home office, creative space, or additional living area. Hardwood floors add warmth and character throughout, while the attached garage and washer and dryer hookups provide everyday convenience. Situated on a 3,800-square-foot lot, the spacious backyard offers plenty of room for entertaining, gardening, or creating your own outdoor retreat. Conveniently located near I-580, public transportation, shopping, and everyday amenities, this Oakland home is full of potential and ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 3,800 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Howard Elementary School
Grades K-5 • 0.9 mi
4/10
Grass Valley Elementary School
Grades K-5 • 1.7 mi
2/10
Elmhurst Community Prep School
Grades 6-8 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 980 | 1,630.086 |
| Lot Size | 3,800 | 5,044.686 |
| Price | $510.0K | $1.05M |
| Price per sq ft | $520 | $618 |
| Built year | 1940 | 1927 |
| HOA | $0 | $265 |
| Days on market | 15 | 37 |
Pricing History
Listed for Sale
Aug 25, 2026
$510,000
Initial Listing