
Oakland, California 94602
This Spacious Bungalow represents a High-Potential Investment Opportunity, listed at $799,000—positioned well below the $992,000 Fair Market Value by 19%. This valuation gap offers $193,000 in Instant Equity for the buyer. Featuring a Good Condition Rating with a modern seismic retrofit and a versatile 495 sq. ft. detached accessory structure, the property provides significant utility. While local school ratings are modest, the expansive double lot and structural upgrades offer immense upside. This 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 |
|---|---|---|---|---|---|---|
★ 3621 Rhoda Ave Subject | $799,000* List Price | 2 | 1 | 1,000 | $992 | - |
A 4224 Lincoln Ave Sold | $930,000 | 2 | 1 | 1,124 | $827 | 0.5 mi |
B 3057 Sylvan Ave Sold | $950,000 | 2 | 1 | 1,012 | $939 | 0.5 mi |
C 2521 Pleasant St Sold | $815,000 | 2 | 1 | 937 | $870 | 0.6 mi |
D 2596 Macarthur Blvd Sold | $648,500 | 2 | 1 | 920 | $705 | 0.1 mi |
E 3021 California St Sold | $1,000,000 | 2 | 2 | 966 | $1,035 | 0.4 mi |
F 3001 Jordan Rd Sold | $905,000 | 2 | 1 | 972 | $931 | 0.8 mi |
G 2434 Wilbur St Sold | $950,000 | 1 | 1 | 974 | $975 | 0.2 mi |
H 4048 Norton Ave Sold | $830,000 | 2 | 1 | 909 | $913 | 0.7 mi |
I 3221 Delaware St Active | $735,000 List Price | 3 | 2 | 1,117 | $658 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1911, the property is well-maintained and move-in ready with significant recent capital improvements including a newer roof, modern concrete foundation with seismic retrofit, and a compliant sewer lateral. The interior features refinished wood floors and an updated bathroom, while the kitchen is functional and updated within a 5-15 year window, fitting the 'Good' criteria for well-maintained older homes with recent renovations.
The property includes a substantial 495 sq. ft. detached accessory building, offering exceptional flexibility for a home office, gym, or creative studio beyond the main living area.
Key high-cost improvements have been completed, including a newer roof, modern concrete foundation, seismic retrofitting, and a compliant sewer lateral, providing long-term peace of mind.
Set on a generous 5,500 sq. ft. double-wide lot, the property provides rare outdoor space for the area, featuring mature landscaping, garden beds, and multiple entertaining zones.
The home features only one bathroom, which may be a drawback for families or buyers seeking a primary suite or guest powder room.
The assigned middle and high schools carry low performance ratings (2/10), which could impact appeal for families prioritizing the local public school system.
Built in 1911 and set on a generous double wide 5,500 sq. ft. lot, 3621 Rhoda Avenue offers much more than you might expect from a 2-bedroom, 1-bath bungalow. The home is bright and welcoming, with beautifully refinished wood floors and original period details including substantial baseboards, picture molding, built-in cabinetry and classic millwork. A bay-window living room with gas-starter fireplace brings warmth and natural light to the front of the home, while the dedicated dining room provides plenty of space for everyday meals and entertaining. Two comfortable bedrooms and an updated bathroom are complemented by a rear family and laundry room that adds valuable everyday living space and opens directly to the backyard. Important improvements have been made where they count, including a newer roof, modern concrete foundation with a more recent contemporary seismic retrofit, and a replaced, compliant sewer lateral. The driveway provides off-street parking for two vehicles. Outside, the large lot offers multiple areas for gardening, entertaining, relaxing and play, with mature trees, established landscaping, garden beds, patios, pathways and a rear deck. At the back of the property, an approximately 495 sq. ft. detached accessory structure provides an exceptional amount of additional flexible space for an office, studio, gym, workshop, family room, creative space or a combination of uses. The location adds another layer of convenience. Cafe Santana's new location is just down the street, with the shops, restaurants and neighborhood amenities of both the Dimond and Laurel districts nearby. Transbay bus service from MacArthur offers a convenient option for San Francisco commuters. With its original character, thoughtful improvements, expansive grounds and substantial detached bonus space, 3621 Rhoda offers an uncommon amount of flexibility and utility in one Oakland property.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,000 | 1,630.086 |
| Lot Size | 5,500 | 5,044.686 |
| Price | $799.0K | $1.05M |
| Price per sq ft | $799 | $618 |
| Built year | 1911 | 1927 |
| HOA | $0 | $265 |
| Days on market | 16 | 37 |
Aug 24, 2026
$799,000
Initial Listing