398 398 Adams St 204, Oakland, California 94610, Oakland, 94610 - 1 bed, 1 bath
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Oakland, California 94610
This Value-Add REO Condominium offers a strategic acquisition opportunity within the desirable Adams Point neighborhood. Listed at $304,900, the property is priced fairly against its $300,629 Fair Market Value, providing a stable entry point into a high-demand urban market. With a Condition Rating of 4, the interior requires modernization of the dated kitchen and worn carpeting to maximize value. Including a Private Patio and Dedicated Parking, this unit is positioned for forced appreciation through renovation. It is perfectly suited for Fix-and-Flip Investors or first-time buyers seeking sweat equity near Lake Merritt.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 398 398 Adams St 204 Subject | $269,900* List Price | 1 | 1 | 750 | $366 | - |
A 455 Crescent Street 115 Sold | $211,500 | 1 | 1 | 696 | $304 | 0.2 mi |
B 455 Crescent St 207 Sold | $202,200 | 1 | 1 | 672 | $301 | 0.2 mi |
C 320 Lee St 201 Sold | $299,999 | 1 | 1 | 731 | $410 | 0.3 mi |
D 375 Jayne Avenue 106 Sold | $305,000 | 1 | 1 | 694 | $439 | 0.1 mi |
E 500 Vernon St Apt 305 Sold | $349,499 | 1 | 1 | 785 | $445 | 0.2 mi |
F 466 Crescent Street 224 Sold | $250,000 | 1 | 1 | 629 | $397 | 0.2 mi |
G 385 Jayne Avenue 205 Active | $310,000 List Price | 1 | 1 | 687 | $451 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966, this bank-owned REO property is sold 'As Is' and shows signs of age and deferred maintenance. The kitchen features dated cabinetry and older white appliances, while the carpeting appears worn and in need of replacement. While the unit is functional, the overall aesthetic is outdated, requiring cosmetic updates and minor repairs to meet modern move-in standards.
Situated in the highly desirable Adams Point neighborhood, this property offers excellent walkability to Lake Merritt, Grand Avenue shops, and local dining.
As a bank-owned REO priced competitively for the area, this unit presents a significant value-add opportunity for investors or buyers looking to build equity through renovations.
The inclusion of a private patio and a dedicated parking space adds substantial convenience and value in a high-density urban market like Oakland.
The property is sold in its current bank-owned condition, which may require immediate capital expenditure for repairs and could complicate traditional financing.
The monthly association fee of $630 is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
This condo features one bedroom, one bath, 750 square feet of living space. Includes dining area, patio and one parking space. This property is an REO/Bank owned . Sold "As Is".
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 43% |
| Baths | 1.0 | 2.0 | 43% |
| Square foot | 750 | 1,003 | 26% |
| Lot Size | 14,002 | 17,192 | 46% |
| Price | $269.9K | $530.0K | 14% |
| Price per sq ft | $360 | $493 | 11% |
| Built year | 1966 | 1969 | 37% |
| HOA | $630.0 | $633 | 49% |
| Days on market | 63 | 209 | 9% |
Apr 9, 2026
$269,900
$289,900
-7% Price Drop
Initial Listing
Apr 1, 2026
$289,900
$304,900
-5% Price Drop
Initial Listing
Mar 12, 2026
$304,900
$314,900
-3% Price Drop
Initial Listing
Feb 18, 2026
$314,900
Initial Listing