2939 57th Ave, Oakland, California 94605, Oakland, 94605 - 2 bed, 1 bath
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Oakland, California 94605
This 1924 Contractor Special represents a Prime Investment Opportunity in Mills Gardens. Listed at $379,000, the property is positioned well below the $387,032 Fair Market Value by 2%, providing $8,032 in Instant Equity. Although the Condition Rating of 5 needs rehabilitation and local schools like Castlemont High and Frick Middle have lower ratings, the large detached garage offers significant forced appreciation via an ADU conversion. This high-upside project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2939 57th Ave Subject | $379,000* List Price | 2 | 1 | 1,122 | $345 | - |
A 2407 2407 66th Ave Sold | $450,000 | 2 | 1 | 1,263 | $356 | 0.7 mi |
B 3606 Lundholm Sold | $431,000 | 2 | 1 | 1,254 | $344 | 0.5 mi |
C 2506 61st Ave Sold | $351,000 | 2 | 1 | 975 | $360 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Marketed as a 'contractor special' and 'fixer,' this 1924 home requires substantial rehabilitation. The kitchen and bathroom are severely outdated with mid-century fixtures and finishes that require full gut renovations. While the property retains original hardwood floors and architectural character, the presence of wood paneling, popcorn ceilings, and aged systems indicates significant physical depreciation and a need for major system updates.
The property features a large detached garage and a level backyard, offering a prime opportunity for an Accessory Dwelling Unit (ADU) conversion or footprint expansion to increase value.
Built in 1924, this home retains sought-after vintage details including hardwood floors, built-ins, and a wood-burning fireplace, providing a high-quality foundation for a restoration project.
Situated in the coveted Mills Gardens neighborhood, the home offers excellent proximity to the Laurel District's amenities, transportation, and the hiking trails of Mills College.
Marketed as a 'contractor special,' the property requires significant capital investment and structural/cosmetic repairs, which may complicate traditional financing for some buyers.
The assigned public schools for this address currently hold low ratings (ranging from 1 to 3), which may be a deterrent for families and impact long-term appreciation.
A rare opportunity in coveted Mills Gardens for an owner (contractor special) or investor (lucrative project). First time on the market in many years, this classic 1924 single level fixer, just minutes away from all the conveniences of the Laurel District, is rich with character and possibility. This two bedroom, one-bath home needs some TLC to restore it to its full potential, but it already exudes character and charm from the hardwood floors, built-ins, gracious foyer, spacious living and dining rooms with multiple windows and wood burning fireplace. The kitchen/laundry room, when remodeled, could be big and could open onto the level back yard - what everyone wants! There is also a large, detached garage (possible ADU?), extra storage and a long driveway. This home is an ideal project for anyone looking to invest in a vibrant neighborhood where community and convenience come together with nearby cafes, restaurants, shopping, access to transportation and all the trails and hiking in Mills College! This Easy Bay gem is ready for its and YOUR next chapter!
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 1,122 | 1,357 | 28% |
| Lot Size | 4,000 | 5,712 | 25% |
| Price | $379.0K | $730.0K | 6% |
| Price per sq ft | $338 | $516 | 7% |
| Built year | 1924 | 1939 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 174 | 1% |
Apr 9, 2026
$379,000
Initial Listing