308 Lincoln, Alameda, California 94501, Alameda, 94501 - 1 bed, 1 bath
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Alameda, California 94501
This Renovated Victorian Residence is a strategic value-add opportunity, listed at $799,000—positioned below the $802,942 Fair Market Value by 1%. Currently boasting an Excellent Condition Rating with a modern kitchen, refinished hardwoods, and sunset views, the property offers immediate comfort. The inclusion of ready-to-build permits for a lower-level ADU and an 800+ sqft addition on a large 4,590 sqft lot provides $3,942 in Instant Equity and a path to significant appreciation. Located near Encinal Junior/Senior High (7/10), it is ideal for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 308 Lincoln Subject | $799,000* List Price | 1 | 1 | 854 | $940 | - |
A 1834 8th St Active | $899,000 List Price | 2 | 2 | 946 | $950 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1903, the property has undergone an extensive recent renovation that brings it up to modern standards. The interior features high-quality finishes including beautifully refinished hardwood floors, a modern kitchen with updated two-tone cabinetry, quartz-style countertops, and new stainless steel appliances. The bathroom has been fully refreshed with a contemporary vanity and matte black fixtures. With new lighting, fresh paint, and well-maintained systems, the home is in move-in-ready condition with no apparent deferred maintenance.
The property includes ready-to-build permits for a lower-level ADU and an 800+ sqft addition, offering a turnkey opportunity to nearly double the living space and increase equity.
Built in 1903, this home retains its classic Victorian personality and features a second-level elevation that captures beautiful sunset views over the surrounding neighborhood.
The 4,590 sqft lot is notably large for the area, featuring a healthy coastal oak and providing ample room for gardening, entertaining, or the planned structural additions.
With only one bedroom and one bathroom in 854 square feet, the current layout is restrictive for families or buyers needing immediate space without undergoing construction.
Given the home's 1903 construction date, buyers should anticipate potential costs associated with maintaining or upgrading century-old systems to meet modern standards.
Offer date 4/21 by noon. This beautiful home is located on a quiet part of Lincoln ave. The home has permits ready to build an ADU in the lower level and an addition on the back of the house adding more than 800 Sqft of living space if interested. The house is a great example of the 1900's smaller Victorian era builds with a charming personality. The second level stands above its west facing neighbors providing a great sunset view. The yard is large with a beautiful healthy coastal oak in the center. Please come visit, we would love you to see it!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 5% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 854 | 1,879.5 | 3% |
| Lot Size | 4,590 | 4,839.5 | 47% |
| Price | $799.0K | $1.41M | 7% |
| Price per sq ft | $936 | $748 | 84% |
| Built year | 1903 | 1917 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 156 | 1% |
Apr 8, 2026
$799,000
Initial Listing
Apr 26, 2024
$650,000
Public Record