2972 El Monte Ave, Oakland, California 94605, Oakland, 94605 - 3 bed, 1 bath
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Oakland, California 94605
This Value-Add Residential Asset is listed at $479,000, positioned near its $455,941 Fair Market Value. Marketed as a significant fixer opportunity with a Condition Rating of 5, the property requires major foundation and structural repairs, presenting a clear path for forced appreciation through professional rehabilitation. The 1,386 sq. ft. footprint is served by the Oakland Unified School District, including Howard Elementary, Frick Middle, and Castlemont High. This project offers substantial room for a modern redesign in an established neighborhood. It is a high-upside project perfectly suited for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2972 El Monte Ave Subject | $479,000* List Price | 3 | 1 | 1,386 | $329 | - |
A 2250 83rd Ave Sold | $520,000 | 3 | 2 | 1,325 | $392 | 0.5 mi |
B 2326 Maywood Ave Sold | $460,000 | 2 | 1 | 1,176 | $391 | 1.0 mi |
C 8038 Idlewood St Sold | $345,000 | 2 | 1 | 1,345 | $257 | 0.4 mi |
D 2221 80th Ave Sold | $575,000 | 0 | 0 | 1,732 | $332 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1938 property is explicitly marketed as a fixer opportunity requiring significant foundation and structural repairs. The interior is severely outdated, featuring aged carpets, peeling paint, visible wall cracks, and a bathroom with vintage tiling and fixtures that have not been updated in decades. The listing confirms the need for substantial rehabilitation and modernization of major structural components.
Priced competitively for the Oakland market, this property offers significant equity growth potential for investors or contractors through a comprehensive renovation and modernization.
As a true fixer-upper, the home provides a blank slate for buyers to redesign the 1,386 sq. ft. interior and select custom finishes to suit their personal style and vision.
Situated in the well-established Eastmont neighborhood, the property benefits from a traditional residential feel and a manageable 4,800 sq. ft. lot.
The property requires major foundation and structural repairs, which are high-cost undertakings that may complicate traditional financing and require specialized contractors.
The assigned middle and high schools have very low ratings (1 and 2 out of 10), which could deter family-oriented buyers and impact long-term resale value.
Fixer Opportunity! Prime Oakland Location! Welcome to 2972 El Monte Avenue, a compelling opportunity for investors, contractors, or buyers looking to create value in a well-established Oakland neighborhood. This property offers solid upside potential for those willing to take on a project and bring their vision to life. The home requires significant foundation and structural repairs, presenting a true fixer opportunity. Beyond the structural needs, the home is ready for cosmetic updates and modernization, offering the chance to customize finishes and maximize value. Bring your contractor, your vision, and your strategy, this is a project with real potential.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 1,386 | 1,357 | 52% |
| Lot Size | 4,800 | 5,712 | 34% |
| Price | $479.0K | $730.0K | 14% |
| Price per sq ft | $346 | $516 | 8% |
| Built year | 1938 | 1939 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 174 | 2% |
Mar 19, 2026
$479,000
Initial Listing