
Oakland, California 94601
This Value-Add Residential Asset is offered at a List Price of $449,900, compared to a $306,413 Fair Market Value. While the price reflects a premium over automated valuations, the property’s 2,181 sqft footprint and rare 1940s brick Cape Cod architecture provide a significant foundation for forced appreciation. Currently holding a Poor Condition Rating, the home requires a full renovation but benefits from a prime location near Fruitvale BART and major freeways. This acquisition is a strategic opportunity for Fix-and-Flip Investors or Contractors looking to capitalize on Oakland's high-demand rental market.
Property is extensive renovation needed.
Built in 1940 with no evidence of recent renovations. The listing explicitly states the home 'needs work' and suggests renovation-specific financing (FHA 203k), indicating it likely fails to meet standard habitability or safety requirements. Exterior images show significant deferred maintenance, including peeling paint on dormers and aged roofing, suggesting that kitchens, baths, and systems are well beyond their useful life and require a full rehab.
This rare 1940s brick Cape Cod offers distinct character and historical charm that is difficult to replicate in the local Oakland market.
With over 2,100 sqft priced under $450,000, this property presents a significant opportunity for buyers to build immediate equity through renovation and modernization.
Situated near Fruitvale BART and major freeways, the home offers excellent connectivity for professionals commuting to San Francisco or Downtown Oakland.
The property is sold in as-is condition and requires substantial repairs, which will necessitate additional capital investment and specialized renovation financing.
The 3,975 sqft lot is relatively small for a home of this size, resulting in limited private outdoor space and restricted options for future footprint expansion.
Rare brick Cape Cod in Fruitvale's Reservoir Hill neighborhood- a style you almost never see in this market. Built in 1940 with 4 beds, 2 baths, and 2,181 sqft on a quiet street, with character you can't replicate. This home needs work and is priced to reflect it- that's where the opportunity lives. With FHA 203(k) or conventional renovation financing, a buyer can get in with as little as 3.5% down, finance improvements into the mortgage, and walk into equity upside once the work is done. First-time buyers: this is one of the best paths to breaking into the Bay Area Real Estate Market. Investors see the square footage and the upside. Minutes to Fruitvale BART with direct service to Downtown Oakland and SF. Quick 880/580 freeway access. Close to Highland Hospital, Manzanita Park, and International Blvd. Oakland delivers more house per dollar than anywhere in the Bay with real connectivity. Sold as-is. Buyers verify all details independently.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,181 | 1,336 | 91% |
| Lot Size | 3,975 | 4,375 | 38% |
| Price | $449.9K | $565.0K | 26% |
| Price per sq ft | $206 | $407 | 2% |
| Built year | 1940 | 1921 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 187 | 2% |
Apr 10, 2026
$449,900
Initial Listing