
Oakland, California 94605
This property presents a High-Potential Investment Opportunity with a List Price of $599,000—positioned well below the $548,327 Fair Market Value by -9%. While the property requires significant rehabilitation due to its Condition Rating of 5, the 1,616-square-foot layout and existing deck provide a solid foundation for value-add renovations. Located in the Millsmont neighborhood with proximity to major transit, this asset is well-suited for Fix-and-Flip Investors or Contractors capable of managing deferred maintenance to unlock long-term equity.
Property is extensive renovation needed.
Built in 1966 (58 years old) with no evidence of recent renovations. The listing explicitly states the property requires repairs and is being sold 'AS IS' for investors or contractors. Visuals confirm dated bathrooms, popcorn ceilings, and worn flooring, indicating a need for a full rehabilitation.
Priced competitively for the Millsmont area, this property presents a significant opportunity for investors or contractors to build equity through strategic renovations and modernization.
The 1,616-square-foot floor plan offers a generous living area with three bedrooms and an attached two-car garage, providing a solid foundation for a high-value family home.
The property is ideally situated with convenient access to major freeways, public transportation, and local shopping, making it a desirable location for Bay Area commuters.
The home is sold in 'as-is' condition and requires substantial repairs and updating, which may necessitate a cash buyer or specialized renovation financing.
The assigned local public schools currently have low ratings (ranging from 1 to 3), which could be a deterrent for families prioritizing high-performing educational districts.
NEW PRICE $499,000 | ROOM TO IMPROVE. ROOM TO GROW. Priced to sell and create an exceptional opportunity for the buyer ready to improve, repair and reimagine this spacious 3-bedroom, 2-bath home with approximately 1,616 sq. ft. in desireable Millsmont neighborhood. The home offers a comfortable single-level main living floor, generous room sizes, hardwood flooring, fireplace, attached two-car garage, laundry connections and a distinctive residential elevator installation providing access between the garage and living level. Elevator condition/functionality is not represented and should be independently evaluated. This is an opportunity to bring your contractor, your vision and your creativity. The property has deferred maintenance and repair needs, including exterior retaining wall, porch/stair and movement-related conditions. Home inspection is available for buyer review prior to making an offer. The inspection also notes many of the home’s major systems and visible structural components were generally functioning or in acceptable condition, with specific repairs and further evaluations recommended.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,616 | 1,630.086 |
| Lot Size | 3,895 | 5,044.686 |
| Price | $499.0K | $1.05M |
| Price per sq ft | $309 | $618 |
| Built year | 1966 | 1927 |
| HOA | $0 | $265 |
| Days on market | 40 | 37 |
Aug 30, 2026
$499,000
$517,000
-3% Price Drop
Initial Listing
Aug 24, 2026
$517,000
$599,000
-14% Price Drop
Initial Listing
Jul 31, 2026
$599,000
Initial Listing
Sep 30, 2008
$375,000
Public Record
Jan 26, 2007
$745,000
Public Record
Nov 17, 2004
$453,000
Public Record
Nov 29, 2000
$275,000
Public Record