3954 Forest Hill Ave, Oakland, California 94602, Oakland, 94602 - 4 bed, 2 bath
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Oakland, California 94602
This Versatile Multi-Generational Home represents a High-Potential Investment Opportunity, listed at $1,095,000—positioned well below the $1,393,299 Fair Market Value by 21%. This significant valuation gap offers $298,299 in Instant Equity. Featuring a Legal ADU, new HVAC, and City Lights views, the property maintains a Condition Rating of 2. Its flexible layout and proximity to local amenities make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility, income-generating asset in the desirable Oakmore neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3954 Forest Hill Ave Subject | $1,095,000* List Price | 4 | 2 | 2,159 | $645 | - |
A 2417 Palmetto St Sold | $1,200,000 | 3 | 4 | 2,167 | $554 | 0.5 mi |
B 2132 2132 Damuth St Sold | $912,000 | 3 | 2 | 2,361 | $386 | 0.2 mi |
C 2025 Braemar Road Sold | $1,350,000 | 4 | 3 | 2,456 | $550 | 0.7 mi |
D 1 Woodcrest Cir Sold | $1,127,500 | 2 | 2 | 1,827 | $617 | 0.8 mi |
E 3940 Ardley Ave Pending | $998,000 List Price | 3 | 2 | 1,700 | $587 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1924, the property has undergone extensive recent renovations including a refreshed kitchen with stainless steel appliances, a new HVAC system with central air, and modern interior finishes. The addition of a legal ADU and high-end landscaping indicates a comprehensive update within the last 5 years, making it move-in ready with no immediate maintenance needed.
The lower level functions as a legal ADU with its own kitchen, laundry, and separate entrances, providing excellent potential for rental income, multigenerational living, or a dedicated professional studio.
This 1924 Oakmore home preserves its historic character while offering essential modern upgrades, including a new HVAC system with central air conditioning and a refreshed kitchen with stainless steel appliances.
The property boasts a private, landscaped front courtyard and a multi-level backyard featuring an upper deck and various patio areas, creating a seamless indoor-outdoor lifestyle for entertaining.
While the local elementary school is well-rated, the assigned middle and high schools have lower performance ratings, which may be a significant consideration for families prioritizing public education.
Despite recent updates, the 1924 construction may present ongoing maintenance needs or structural considerations typical of older homes that have not undergone a full-scale foundation or systems overhaul.
Set behind a private, landscaped courtyard, this thoughtfully updated 1924 Oakmore home is light-filled, inspiring, and designed for the many rhythms of everyday life. A large picture window welcomes abundant natural light into the open living and dining room, where a custom built-in alcove offers a cozy place to read, gather or unwind. The refreshed kitchen features stainless-steel appliances and a custom breakfast nook with integrated cabinetry and bench storage. Two bedrooms, a full bath, laundry and a sun-filled bonus room complete the main level. Wrapped in deep green wainscoting, the bonus room can easily become an office, reading room or quiet retreat for mornings or after hours. An interior connection allows the main and lower levels to live naturally as one generous home. Yet the lower level can also function independently as a legal ADU, with its own living and dining space, full kitchen, two bedrooms, full bath, dedicated laundry and two exterior entrances with direct access to the expansive backyard. This uncommon flexibility supports multigenerational living, extended stays, a quiet workspace or creative studio, without dictating any one way to use it. The outdoor spaces serve as natural extensions of the home. The front courtyard combines integrated seating with private landscaping to create a moment of zen. The multi-level back includes an upper deck, various patio areas, a flexible play space, and shaded gathering areas with plenty of room to garden, entertain, or play catch. Recent improvements include a new HVAC system with central air conditioning, thoughtfully integrated storage systems, and a gated driveway. Oakmore pairs a serene, leafy hillside and canyon setting with urban convenience. Dimond Park, the neighborhood library, local markets, cafés and restaurants are within walking distance, while Montclair Village has everything one needs and is only minutes away. Highway 13, AC Transit and several nearby BART stations make Oakland, San Francisco and the greater Bay Area easily accessible. 3954 Forest Hill Ave - built for today, ready for whatever’s next
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,159 | 1,587.5 |
| Lot Size | 5,250 | 5,000 |
| Price | $1.09M | $1.06M |
| Price per sq ft | $507 | $623 |
| Built year | 1924 | 1928 |
| HOA | $0 | $338 |
| Days on market | 5 | 35 |
Jul 17, 2026
$1,095,000
Initial Listing
Jan 4, 2021
$1,434,545
Public Record
Feb 20, 2020
$870,000
Public Record