
Oakland, California 94606
This Versatile Multi-Level Residence represents a High-Potential Investment Opportunity, listed at $1,098,000—positioned well above the $945,100 Fair Market Value. While the price reflects a premium, the property offers significant utility through its Flexible Floor Plan, including a lower-level unit with a private entrance and kitchenette. Featuring a Condition Rating of 3, the home includes modern upgrades like a Mini-Split HVAC system and Updated Kitchen. This property is an ideal acquisition for House-Hackers or Owner-Occupants seeking a move-in ready home with income-generating potential near Lake Merritt.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 364 Lester Ave Subject 4 bd · 3 ba · 2,176 sqft · $429 | $1,050,000* List Price | 4 | 3 | 2,176 | $429 | - |
A 1116 E 20th St Sold 4 bd · 2 ba · 1,441 sqft · $541 · 0.6 mi | $780,000 | 4 | 2 | 1,441 | $541 | 0.6 mi |
B 1532 1532 5th Avenue Sold 5 bd · 2 ba · 1,869 sqft · $441 · 0.4 mi | $825,000 | 5 | 2 | 1,869 | $441 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1911 home is well-maintained and move-in ready, featuring an updated main kitchen with stone countertops and stainless steel appliances, a functional lower-level kitchenette, and key system upgrades including a recently installed mini-split HVAC system, upgraded drainage, and a completed sewer lateral.
Elementary School: Crocker Highlands Elementary School (9/10).
The home features a highly flexible floor plan, including a lower level with a private entrance, kitchenette, and full bath, perfect for multi-generational living, a home office, or potential rental income.
This 1911 residence masterfully blends period architectural details like box beam ceilings and hardwood floors with essential modern updates, including a renovated kitchen and a primary suite mini-split AC system.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1995, living area = 2176.
With a lot size of only 1,995 square feet for a home exceeding 2,200 square feet, the property offers very limited private yard space, which may be a drawback for buyers prioritizing outdoor recreation.
While the area features some high-performing elementary options, the assigned middle and high schools have lower ratings, which could be a concern for families focused on long-term public education quality.
Transparent price! Just moments from Lake Merritt in Oakland's sought-after Cleveland Heights neighborhood, 364 Lester Ave is a beautifully preserved 1911 residence where timeless architectural character meets thoughtful modern updates and an exceptionally versatile floor plan. Rich in period detail, the home showcases hardwood floors, box beam ceiling details, moulding throughout, a handsome fireplace, & gracious living spaces that reflect the craftsmanship & enduring appeal of Oakland's early twentieth-century homes. Offering approximately 2,283 square feet, the home features four bedrooms and three full bathrooms across multiple levels, providing a layout that adapts beautifully to a variety of lifestyles. Formal living & dining rooms offer inviting spaces for everyday living & entertaining, while the updated kitchen blends style & function with ample cabinetry, stone countertops, stainless steel appliances, & direct access to a spacious rear balcony—an ideal spot for morning coffee, outdoor dining, or unwinding at the end of the day. Privately situated on the upper level, the expansive primary suite serves as a true retreat. Bathed in natural light via skylights, this remarkable space offers generous proportions, a beautifully appointed ensuite bathroom, and the comfort of a recently installed mini-split heating and air conditioning system, creating a peaceful sanctuary tucked away from the rest of the home. The lower level adds another layer of flexibility with its own private entrance, kitchenette, bedroom, full bathroom,& additional living area. Whether accommodating extended family, long-term guests, a dedicated home office, or creative workspace, the layout provides options that evolve with changing needs. Thoughtful improvements throughout the property reflect years of careful stewardship, including upgraded drainage, an expanded backyard patio, mini-split climate control in the primary suite, and sewer lateral—meaningful investments that provide confidence and peace of mind for the home's next owner. Perfectly positioned in Cleveland Heights, the home offers easy access to many Oakland cherished destinations. Spend weekends strolling the paths around Lake Merritt, browsing the Grand Lake Farmers' Market, enjoying the cafés + boutiques of Lakeshore & Grand Avenue, or exploring nearby parks & cultural attractions.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,176 | 1,591.405 |
| Lot Size | 1,995 | 5,033.821 |
| Price | $1.05M | $1.04M |
| Price per sq ft | $483 | $611 |
| Built year | 1911 | 1927 |
| HOA | $0 | $227 |
| Days on market | 45 | 36 |
Oct 17, 2026
$1,050,000
$1,085,000
-3% Price Drop
Initial Listing
Oct 3, 2026
$1,085,000
$1,098,000
-1% Price Drop
Initial Listing
Sep 9, 2026
$1,098,000
Initial Listing
Nov 4, 2020
$908,000
Public Record
May 29, 2013
$615,000
Public Record
Apr 23, 2013
$265,500
Public Record
Nov 9, 2011
$175,000
Public Record
Nov 25, 2003
$489,500
Public Record
Mar 30, 2001
$405,000
Public Record
Feb 26, 1999
$63,000
Public Record