
Oakland, California 94606
This Mediterranean-inspired bungalow represents a High-Potential Investment Opportunity, listed at $699,000—positioned well below the $716,543 Fair Market Value by 2%. This valuation gap provides $17,543 in Instant Equity. Featuring a Condition Rating of 3, the home offers a renovated kitchen and spacious level lot with ADU potential. While lacking a garage, the property provides significant utility for Buy-and-Hold Investors and first-time buyers seeking a well-maintained asset with room for future value-add development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2633 22nd Ave Subject | $699,000* List Price | 2 | 2 | 1,206 | $594 | - |
A 2122 E 25th St Sold | $525,000 | 3 | 2 | 1,222 | $430 | 0.1 mi |
B 2526 12th Ave Sold | $850,000 | 2 | 2 | 1,433 | $593 | 0.6 mi |
C 1206 E 22nd St Sold | $825,000 | 3 | 1 | 1,475 | $559 | 0.7 mi |
D 1600 E 21st St Sold | $490,000 | 2 | 1 | 747 | $656 | 0.6 mi |
E 2036 E 20th Street Active | $718,000 List Price | 4 | 2 | 1,534 | $468 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1926, the home has been well-maintained and features a modern kitchen renovation with shaker cabinets and stainless steel appliances. The interior is move-in ready with updated bathrooms and preserved original details, placing it in the 5-15 year renovation category.
Elementary School: Crocker Highlands Elementary School (9/10).
This 1926 Mediterranean bungalow seamlessly blends vintage details like original hardwood floors and a built-in hutch with a thoughtfully updated kitchen featuring shaker cabinets and stainless appliances.
The oversized 5,074 sqft rear yard provides a rare, level canvas in an urban setting, offering significant potential for gardening, entertaining, or future ADU development.
The property does not include a formal garage, which may be a disadvantage for buyers prioritizing covered parking or secure, enclosed storage.
While the area offers access to some high-rated schools, several of the closest assigned public schools currently hold low ratings, which may impact appeal for families.
Tucked into Highland Terrace, this Mediterranean-inspired bungalow offers charm, space, light, and an oversized rear yard ready for its next dreamer. A darling formal entry opens to an ample living and dining great room filled with original detail: hardwood floors, a vintage fireplace, and a built-in hutch that adds a quiet grace note to a dining area large enough for entertaining but equally cozy for weeknight dinners. The generous kitchen has been thoughtfully updated with shaker cabinets and stainless appliances. A breakfast nook, wrapped on three sides by bay windows, works equally well for a slow Saturday morning or a midday Zoom. A slider leads out to the spacious, level backyard with real potential for the gardener, entertainer, or armchair developer who's been waiting for a canvas like this. Two bedrooms and two full baths—one ensuite—occupy the other wing of this thoughtful layout. A crawlspace at the back of the home offers easy access for storage. While there is no garage, the long driveway has space for multiple cars, and the wide gate and yard beyond could accommodate a recreational vehicle. Easy access to 580 and 880, and minutes from all the Lower Dimond has to offer.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,206 | 1,417.5 | 27% |
| Lot Size | 5,074 | 4,040 | 80% |
| Price | $699.0K | $810.0K | 37% |
| Price per sq ft | $580 | $525 | 60% |
| Built year | 1926 | 1913 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 135 | 7% |
May 28, 2026
$699,000
Initial Listing
Jul 22, 2022
$780,000
Public Record
Mar 18, 2005
$455,000
Public Record