311 Oak St 507, Oakland, California 94607, Oakland, 94607 - 2 bed, 2 bath
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311 Oak St 507
Oakland, California 94607
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,404Sq Ft
60,085Lot Size
Property Price
LIST PRICE$624,999
EST. MARKET VALUE
$611,837
SUMMARY
This Two-Level Urban Condominium represents a Strong Value Opportunity, listed at $624,999—positioned well below the $611,837 Fair Market Value by -2%. While the property is in Good Condition (Rating: 4), the dated kitchen finishes provide a clear path for cosmetic value-add. Residents benefit from a panoramic city skyline view, a lap pool, and 24/7 concierge security. Located in the vibrant Jack London Square, this home is an ideal acquisition for Buy-and-Hold Investors or urban professionals seeking a transit-oriented lifestyle near BART and the ferry.
Estimated Market Value
$611,837
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 |
|---|---|---|---|---|---|---|
★ 311 Oak St 507 Subject 2 bd · 2 ba · 1,404 sqft · $436 | $624,999* List Price | 2 | 2 | 1,404 | $436 | - |
A 423 7th Street 313 Sold 2 bd · 2 ba · 1,235 sqft · $364 · 0.5 mi | $450,000 | 2 | 2 | 1,235 | $364 | 0.5 mi |
B 201 4th Street 406 Sold 2 bd · 2 ba · 1,219 sqft · $496 · 0.1 mi | $605,000 | 2 | 2 | 1,219 | $496 | 0.1 mi |
C 201 4th St 302 Sold 1 bd · 1 ba · 1,036 sqft · $467 · 0.1 mi | $484,000 | 1 | 1 | 1,036 | $467 | 0.1 mi |
D 585 9th St 443 Sold 2 bd · 2 ba · 1,095 sqft · $571 · 0.7 mi | $625,650 | 2 | 2 | 1,095 | $571 | 0.7 mi |
E 247 4th St 301 Sold 1 bd · 1 ba · 1,208 sqft · $435 · 0.2 mi | $525,000 | 1 | 1 | 1,208 | $435 | 0.2 mi |
F 585 9th St Unit 535 Sold 2 bd · 2 ba · 990 sqft · $575 · 0.7 mi | $569,000 | 2 | 2 | 990 | $575 | 0.7 mi |
G 675 8th St 16 Active 2 bd · 2 ba · 993 sqft · $503 · 0.8 mi | $499,000 List Price | 2 | 2 | 993 | $503 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2003, the property is over 20 years old. While it is well-maintained with freshly painted interiors and functional spaces, the kitchen finishes and appliances are dated and reflect the original construction era, indicating a need for minor modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Transit-Oriented Location
Situated in the heart of Jack London Square, this property offers unparalleled commuter access to BART, the Alameda/Oakland Ferry, Amtrak, and major freeways, providing a perfect hub for urban professionals.
- Versatile Multi-Level Layout
The unique two-story floor plan features a flexible loft space and over 1,400 square feet of living area, offering a sophisticated and spacious feel that distinguishes it from standard single-level condominiums.
- Comprehensive Luxury Amenities
Residents enjoy a high-end lifestyle with 24/7 concierge security, a lap pool, fitness center, and billiard room, further enhanced by the fact that the recent assessment has already been paid.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
At $1,189 per month, the association fees are substantial and may impact the overall affordability and borrowing power for some prospective buyers.
- Mixed School District Ratings
While the local elementary school is highly rated, the assigned middle and high schools currently hold lower performance ratings, which may be a concern for families prioritizing long-term educational consistency.
About 311 Oak St 507
Exceptional Jack London Square Condominium Live in the heart of Oakland’s vibrant Jack London Square in this exceptional 5th-floor, two-level residence at The Sierra. This unique 2-bedroom, 2-bathroom condominium features a versatile loft and a sophisticated urban layout designed for comfortable city living. Enjoy convenient access to BART, with the Lake Merritt station just a few blocks away, as well as I-880, the Alameda/Oakland Ferry, and Amtrak. Oakland International Airport is also just a short drive away. Step outside and you’re minutes from the dining, shopping, entertainment, waterfront, and historic charm of Jack London Square. The Sierra combines innovative architecture, natural materials, and an impressive collection of amenities to create a distinctive residential experience. Residence Features: 5th-floor, two-level 2-bedroom, 2-bathroom floor plan Loft space offering additional flexibility Shoji-style sliding door Contemporary ceiling light fixtures In-unit laundry Stainless-steel oven/stove, microwave, and dishwasher Freshly painted interiors Hardwood flooring Wool carpeting Garage parking HOA Amenities: 24/7 concierge and security Lap pool,Fitness center, Billiard room, Additional resident amenities A distinctive home in a dynamic waterfront neighborhood—The Sierra at Jack London Square offers the convenience, character, and amenities of sophisticated urban living. Assessment has been paid!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- 60,085 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1189.0 / Month
Neighborhood Insights
Oakland Unified Schools
Lincoln Elementary School
Grades K-5 • 0.4 mi
8/10
Martin Luther King, Jr. Elementary School
Grades PK-3 • 1.1 mi
2/10
La Escuelita Elementary School
Grades K-8 • 0.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.6 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,404 | 969.659 |
| Lot Size | 60,085 | 16,354.274 |
| Price | $625.0K | $478.1K |
| Price per sq ft | $445 | $492 |
| Built year | 2003 | 1987 |
| HOA | $1189.0 | $698 |
| Days on market | 31 | 60 |
Pricing History
Listed for Sale
Sep 23, 2026
$624,999
Initial Listing
Sold
Jan 19, 2018
$850,000
Public Record
Sold
Oct 2, 2012
$360,000
Public Record
Sold
May 20, 2004
$543,500
Public Record