
Oakland, California 94602
This Expanded 1920s Spanish Bungalow is a Strong Value Opportunity, listed at $998,000—positioned well below the $1,063,718 Fair Market Value by 6%. This valuation gap provides $65,718 in Instant Equity for buyers. Boasting a Condition Rating of 2 following a recent two-story addition, the home features a modern granite kitchen, Bay views, and updated infrastructure. The oversized 7,548 sqft lot offers rare ADU potential in the desirable Oakland district. This property is an exceptional find for Owner-Occupants or House-Hackers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3136 Arizona St Subject | $998,000* List Price | 4 | 2 | 2,011 | $529 | - |
A 2132 2132 Damuth St Sold | $912,000 | 3 | 2 | 2,361 | $386 | 0.8 mi |
B 2417 Palmetto St Active | $1,098,000 List Price | 3 | 4 | 2,167 | $507 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1925, the property has undergone a recent two-story addition and extensive renovations within the last 5 years. The interior features a fully updated kitchen with granite countertops and high-end stainless steel appliances, remodeled bathrooms with modern fixtures and designer tile, and refinished hardwood and bamboo flooring. Critical infrastructure has been completely modernized, including a 200-amp electrical panel with Romex wiring, copper plumbing, dual-pane windows, and a new furnace, leaving no evidence of deferred maintenance.
The recent two-story addition significantly increases the living area to 2,011 sqft, providing a rare 4-bedroom layout that offers much more functional space than a standard 1920s bungalow.
The oversized 7,548 sqft lot features a massive backyard with a detached bonus structure and ample room for a detached ADU, offering exceptional versatility and future value-add potential.
The property has been meticulously maintained with modern essentials including a 200-amp electrical panel, copper plumbing, dual-pane windows, and a new furnace, minimizing immediate capital expenditures.
Despite the expansion to four bedrooms, the home only features two bathrooms, which may be a limitation for larger families or those prioritizing a private primary suite.
As a 1925 structure, the property may require the ongoing vigilance and specialized maintenance typical of century-old homes, even with the extensive modern upgrades provided.
This house lives BIG and the lot lives BIGGER! Expanded 1920s Spanish bungalow on a beloved tree-lined block, known for its community feel and EZ proximity to Loard’s Ice Cream, Ghost Town Brewing, and upcoming Cafe Santana. A recent two-story addition expands the home to 4 bedrooms and adds a spacious family room. Original details—including a tiled fireplace, built-ins, & refinished hardwood floors—preserve its character. Light-filled living room flows into comfortable dining room and updated kitchen w/ granite countertops, SS appliances, double ovens, farmhouse sink, pantry, & breakfast banquette. Sunken family room features high ceilings, bamboo floors, & French doors opening to flowing deck & expansive backyard. Main level includes 2 bedrooms & remodeled bath. Upstairs offers 2 bedrooms and a bath, including a large primary with ample closet space & Bay views. Bonus Lower level includes laundry, rumpus room, and storage. Private yard w/ flagstone patio, level lawn area, detached bonus structure w/ covered patio, fruit trees and even ample space for a detached ADU! Well maintained and extensive upgrades including dual-pane windows, 200 amp panel, romex electrical, copper plumbing, & new furnace. Super convenient to parks, schools shopping, hiking trails and Highways 580 & 13.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 83% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,011 | 1,408 | 78% |
| Lot Size | 7,548 | 4,630 | 85% |
| Price | $998.0K | $1.02M | 48% |
| Price per sq ft | $496 | $728 | 11% |
| Built year | 1925 | 1927 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 148 | 1% |
Apr 9, 2026
$998,000
Initial Listing