2808 Carmel Street, Oakland, California 94602, Oakland, 94602 - 3 bed, 3 bath
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2808 Carmel Street
Oakland, California 94602
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,453Sq Ft
5,240Lot Size
Property Price
LIST PRICE$1,180,000
EST. MARKET VALUE
$1,516,407
22% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $995,000—positioned well below the $1,264,735 Fair Market Value by 21%. This valuation gap offers $269,735 in Instant Equity. Featuring a Mint Condition Rating, the home includes a fully remodeled kitchen, a new primary suite, and a private patio. While local schools have mixed ratings, the property’s move-in-ready status and bay views provide immediate lifestyle value. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, renovated home.
Estimated Market Value
$1,516,407+$336,407 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2808 Carmel Street Subject | $1,180,000* List Price | 3 | 3 | 1,453 | $1,044 | - |
A 4086 Laguna Ave Sold | $1,355,000 | 3 | 3 | 1,469 | $922 | 0.1 mi |
B 3050 California St Sold | $1,250,000 | 2 | 2 | 1,290 | $969 | 0.3 mi |
C 3017 Madeline St Sold | $1,125,000 | 3 | 2 | 1,661 | $677 | 0.3 mi |
D 2420 Carmel St Sold | $1,450,000 | 3 | 2 | 1,436 | $1,010 | 0.3 mi |
E 3528 Boston Avenue Sold | $1,180,000 | 2 | 2 | 1,375 | $858 | 0.4 mi |
F 1902 Hoover Ave. Sold | $1,100,000 | 3 | 2 | 1,527 | $720 | 0.7 mi |
G 3321 Jordan Rd Sold | $1,361,000 | 3 | 2 | 1,567 | $869 | 0.6 mi |
H 4139 Laguna Ave Sold | $1,300,000 | 3 | 2 | 1,800 | $722 | 0.2 mi |
I 5004 Pierpoint Avenue Pending | $998,000 List Price | 3 | 3 | 1,596 | $625 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This 1947 home has been completely restored and totally remodeled within the last few years. It features a brand new kitchen with modern cabinetry and stainless steel appliances, a new primary bathroom, updated flooring, recessed lighting, and new windows, placing it in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Restoration
The property is fully move-in ready following a comprehensive restoration, featuring a totally remodeled kitchen with brand-new appliances and updated finishes throughout.
- Modern Primary Suite
The primary suite has been upgraded with a brand-new bathroom and a walk-in closet, offering contemporary luxury and storage rarely found in homes from this era.
- Desirable Corner Lot
Situated on a corner lot, the home features a level patio and yard with fruit trees, providing excellent outdoor utility and a sense of privacy in the Dimond neighborhood.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Recently Sold Property
The property was recently sold within the past year on 2025-12-12. The sold price is $690,000.00.
- Underperforming Schools
The assigned middle and high schools carry low ratings (2/10), which could be a significant drawback for families and may affect future property appreciation.
About 2808 Carmel Street
Wow! All you have to do is to move in. This beautifully restored home sits on a corner lot in a great location in Oakland's greater Lincoln/Dimond neighborhood. The kitchen has been totally remodeled and features all new appliances from refrigerator to stove to dishwasher and washer and dryer! The primary suite features a brand new bathroom and walk in closet. There are two other bedrooms...one with a walk in closet. There is a second bathroom with a tub and a convenient powder room has been added off of the living room. The living room/dining room features a fireplace and even a peek of the bay. It has a level patio and yard featuring fruit trees! Open Saturday and Sunday!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 5,240 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Sequoia Elementary School
Grades K-5 • 0.4 mi
5/10
Fruitvale Elementary School
Grades K-5 • 0.7 mi
4/10
Glenview Elementary School
Grades K-5 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,453 | 1,630.086 |
| Lot Size | 5,240 | 5,044.686 |
| Price | $1.18M | $1.05M |
| Price per sq ft | $812 | $618 |
| Built year | 1947 | 1927 |
| HOA | $0 | $265 |
| Days on market | 48 | 37 |
Pricing History
Listed for Sale
Aug 28, 2026
$1,180,000
$1,225,000
-4% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$1,225,000
$995,000
+23% Price Increase
Initial Listing
Price Change
Jul 23, 2026
$995,000
Initial Listing
Sold
Dec 12, 2025
$690,000
Public Record