318 Oak Avenue, Redwood City, California 94061, Redwood City, 94061 - 2 bed, 1 bath
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318 Oak Avenue
Redwood City, California 94061
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
1Baths
850Sq Ft
5,841Lot Size
Property Price
LIST PRICE$1,398,000
EST. MARKET VALUE
$1,425,753
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $1,398,000—positioned well below the $1,425,753 Fair Market Value by 2%. This valuation gap provides $27,753 in Instant Equity. Featuring an Excellent Condition Rating with recent roof and paint updates, the home offers a Granite Kitchen and R4 Zoning for ADU development. Located near downtown Redwood City, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home with significant long-term income potential.
Estimated Market Value
$1,425,753
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 318 Oak Avenue Subject 2 bd · 1 ba · 850 sqft · $1,677 | $1,398,000* List Price | 2 | 1 | 850 | $1,677 | - |
A 310 Oak Avenue Sold 2 bd · 1 ba · 870 sqft · $1,494 · 0.0 mi | $1,300,000 | 2 | 1 | 870 | $1,494 | 0.0 mi |
B 615 Madison Avenue Sold 2 bd · 1 ba · 900 sqft · $1,500 · 0.4 mi | $1,350,000 | 2 | 1 | 900 | $1,500 | 0.4 mi |
C 1621 Silver Avenue Sold 2 bd · 1 ba · 850 sqft · $1,647 · 0.8 mi | $1,400,000 | 2 | 1 | 850 | $1,647 | 0.8 mi |
D 1355 Sierra Street Sold 3 bd · 1 ba · 1,000 sqft · $1,700 · 0.6 mi | $1,700,000 | 3 | 1 | 1,000 | $1,700 | 0.6 mi |
E 1145 Ebener Street Sold 3 bd · 2 ba · 990 sqft · $1,414 · 0.2 mi | $1,400,000 | 3 | 2 | 990 | $1,414 | 0.2 mi |
F 1523 Virginia Avenue Sold 3 bd · 1 ba · 1,090 sqft · $1,651 · 1.0 mi | $1,800,000 | 3 | 1 | 1,090 | $1,651 | 1.0 mi |
G 1818 Madison Avenue Active 2 bd · 1 ba · 1,050 sqft · $1,427 · 1.0 mi | $1,498,000 List Price | 2 | 1 | 1,050 | $1,427 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1937, the property has undergone significant recent maintenance including a new roof on both the house and garage, fresh interior/exterior paint, and kitchen updates with granite countertops. The home is move-in ready with well-maintained hardwood floors and professional landscaping, meeting the criteria for a functional, updated older residence.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is zoned R4, offering a significant opportunity to convert the detached garage into a full Accessory Dwelling Unit (ADU) for rental income or expanded living quarters.
- Flexible Bonus Space
Beyond the primary square footage, the property includes 325 square feet of finished bonus space in the garage, providing valuable extra room for a home office, gym, or studio.
- Extensive Recent Upgrades
The home is in turnkey condition with major capital improvements, including a new roof on both the house and garage, fresh interior and exterior paint, and updated granite kitchen countertops.
CONSRISKS & DEFICIENCIES
- Limited Primary Square Footage
At only 850 square feet of official living space, the home's interior footprint is relatively small, which may be a constraint for buyers seeking more spacious common areas.
- Single Bathroom Layout
The 2-bedroom, 1-bathroom configuration can be a drawback for families or those who prioritize a private primary suite, potentially impacting long-term resale appeal.
About 318 Oak Avenue
This home is charming inside and out, starting with a picture-perfect white picket fence. Inside, the sunlit living room boasts a dramatic vaulted ceiling with a focal-point fireplace, gleaming hardwood floors, and stylish granite countertops updating the kitchen. Step outside to a truly exceptional yard featuring fresh updates, including gravel paths, vibrant roses, a raised-bed garden, and an inviting outdoor pergola with a comfortable seating area, surrounded by lush fruit trees lining the rear perimeter. Major property updates include fresh interior and exterior paint, a new roof on both the main house and the detached garage, and new flooring in the garage bonus areas providing an extra 325 square feet of flexible living space (not included in the posted MLS square footage). Adding to the exceptional appeal, this property is zoned R4, offering a fantastic opportunity to transform the partially converted garage into a full Accessory Dwelling Unit for rental income or expanded family quarters (buyer to verify with City). Plus, you are just 4 blocks from Starbucks and less than a mile from vibrant downtown Redwood City. Truly a wonderful place to call home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1937
- Lot Size
- 5,841 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
Hawes Elementary School
Grades K-5 • 0.4 mi
4/10
Henry Ford Elementary School
Grades K-5 • 1.4 mi
5/10
Roosevelt Elementary School
Grades K-8 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 2.5 |
| Square foot | 850 | 1,645.2 |
| Lot Size | 5,841 | 6,674.304 |
| Price | $1.40M | $2.26M |
| Price per sq ft | $1.6K | $1.3K |
| Built year | 1937 | 1952 |
| HOA | $0 | $281 |
| Days on market | 35 | 35 |
Pricing History
Listed for Sale
Sep 19, 2026
$1,398,000
Initial Listing
Sold
Aug 29, 2018
$1,330,000
Public Record