
Oakland, California 94618
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $2,180,000—positioned well below the $2,583,774 Fair Market Value by 15%. This valuation gap offers $403,774 in Instant Equity for the next steward. Featuring a Condition Rating of 3, the home offers a Granite Kitchen and historic character, providing a canvas for personalization. With its Prime Rockridge Location and rare Alcatraz Island View, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 357 Alcatraz Ave Subject | $2,180,000* List Price | 5 | 3 | 2,920 | $885 | - |
A 6406 Mystic Sold | $2,360,000 | 4 | 3 | 2,517 | $938 | 0.3 mi |
B 5460 5460 Carlton St Sold | $2,100,000 | 3 | 3 | 2,804 | $749 | 0.9 mi |
C 5446 Shafter Ave Sold | $1,675,000 | 5 | 2 | 2,050 | $817 | 0.6 mi |
D 5690 Ocean View Dr Sold | $1,950,000 | 3 | 3 | 2,297 | $849 | 0.5 mi |
E 5910 Chabot Rd Sold | $1,800,000 | 5 | 3 | 2,742 | $656 | 0.3 mi |
F 35 Ross Cir Sold | $1,950,000 | 3 | 3 | 2,215 | $880 | 0.4 mi |
G 5656 Buena Vista Avenue Sold | $2,050,000 | 3 | 3 | 2,215 | $926 | 1.0 mi |
H 5401 Belgrave Pl Active | $1,989,000 List Price | 4 | 3 | 2,599 | $765 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1912 but significantly updated and well-maintained. The kitchen features granite countertops and stainless appliances, and the bathrooms have been modernized with travertine tile and vessel sinks, likely within the last 10-20 years. The home is move-in ready with functional systems and preserved architectural character.
Situated in the highly coveted Rockridge/North Oakland area, the property offers exceptional walkability to College Avenue’s premier dining and retail, as well as convenient access to Rockridge BART and UC Berkeley.
With five bedrooms and nearly 3,000 square feet of living space, this residence provides a rare level of interior volume and layout flexibility that is difficult to find in historic Oakland homes.
Built in 1912, the home retains its original architectural character and features a rare, clear view of Alcatraz Island, providing a unique aesthetic and historical connection to its namesake address.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4000, living area = 2920.
While well-maintained, the interior spaces and bathrooms are positioned as a 'canvas for personalization,' suggesting that significant capital investment may be required to bring the home up to contemporary luxury standards.
The 4,000-square-foot lot is relatively modest for a home of this scale, which may limit outdoor recreational space and privacy for buyers seeking a larger yard in this price point.
A rare opportunity to become the next steward of a home with more than a century of Oakland history. Built in 1912 and held by the same family since 1960, 357 Alcatraz Avenue is now ready to begin its next chapter. This substantial single-family residence offers an expansive five-bedroom configuration, multiple bath spaces, generous interior proportions, and the distinctive character of an early 20th-century Oakland home. Step inside and discover a scale increasingly difficult to find. Spacious rooms offer flexibility for everyday living, entertaining, working from home, creative pursuits, guests, and a variety of living arrangements. Original architectural character and thoughtful improvements made over the years reflect a home that has been continuously cared for rather than repeatedly reinvented. The kitchen, updated with quality cabinetry, granite surfaces, and a vented cooking hood, remains functional and well appointed, while the home's baths and other interior spaces provide a canvas for the next owner to personalize over time. The location further distinguishes the property. College Avenue's shops, cafés and restaurants and the Rockridge district are nearby, as is Rockridge BART, offering connections throughout the Bay Area. UC Berkeley, the Claremont Resort & Club, and major East Bay transportation corridors are also conveniently accessible. And there is a view that gives the address particular meaning: on a clear day, look toward the Bay and see Alcatraz Island—the namesake of this memorable address. The home's history is equally meaningful. The current family purchased 357 Alcatraz in the summer of 1960 after coming to Oakland from Chickasaw County, Mississippi, as part of the Great Migration. For more than six decades, the home became a place of family, continuity, and stewardship. Now, for the first time in generations, 357 Alcatraz Avenue is being offered for new ownership—a substantial Oakland residence with remarkable scale, enduring character, a compelling history, and the opportunity for its next steward to carry the story forward. 357 Alcatraz Avenue: a home with a past, a property with possibilities, and a new chapter waiting to be written.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,920 | 1,630.086 |
| Lot Size | 4,000 | 5,044.686 |
| Price | $2.18M | $1.05M |
| Price per sq ft | $747 | $618 |
| Built year | 1912 | 1927 |
| HOA | $0 | $265 |
| Days on market | 21 | 37 |
Aug 19, 2026
$2,180,000
Initial Listing