3980 Altamont Ave, Oakland, California 94605, Oakland, 94605 - 5 bed, 2 bath
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3980 Altamont Ave
Oakland, California 94605
ACTIVE
CONDITION: GOOD
5Beds
2Baths
1,668Sq Ft
7,500Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$848,097
SUMMARY
This Spacious 5-Bedroom Residence is a High-Potential Investment Opportunity, listed at $825,000—positioned well below the $848,097 Fair Market Value by 2%. This valuation gap offers $23,097 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home is move-in ready with updated systems and a completed sewer lateral. The expansive 7,500 sq. ft. lot and oversized garage provide significant ADU Conversion Potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$848,097
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3980 Altamont Ave Subject 5 bd · 2 ba · 1,668 sqft · $508 | $825,000* List Price | 5 | 2 | 1,668 | $508 | - |
A 3917 Columbian Dr Sold 5 bd · 2 ba · 1,522 sqft · $568 · 0.3 mi | $865,000 | 5 | 2 | 1,522 | $568 | 0.3 mi |
B 3932 Altamont Ave Sold 3 bd · 1 ba · 1,224 sqft · $576 · 0.1 mi | $705,000 | 3 | 1 | 1,224 | $576 | 0.1 mi |
C 7925 Greenly Sold 3 bd · 4 ba · 1,916 sqft · $436 · 0.7 mi | $835,000 | 3 | 4 | 1,916 | $436 | 0.7 mi |
D 3986 Delmont Ave Sold 3 bd · 1 ba · 1,228 sqft · $529 · 0.1 mi | $650,000 | 3 | 1 | 1,228 | $529 | 0.1 mi |
E 5801 Leona St Sold 3 bd · 2 ba · 1,460 sqft · $616 · 0.7 mi | $900,000 | 3 | 2 | 1,460 | $616 | 0.7 mi |
F 7568 Greenly Dr Sold 3 bd · 2 ba · 1,334 sqft · $630 · 0.4 mi | $840,000 | 3 | 2 | 1,334 | $630 | 0.4 mi |
G 6300 Buena Ventura Ave Sold 3 bd · 2 ba · 1,635 sqft · $523 · 0.5 mi | $855,000 | 3 | 2 | 1,635 | $523 | 0.5 mi |
H 7907 Michigan Ave Sold 3 bd · 2 ba · 1,720 sqft · $573 · 0.6 mi | $985,000 | 3 | 2 | 1,720 | $573 | 0.6 mi |
I 6138 Oakdale Active 3 bd · 2 ba · 1,616 sqft · $459 · 0.5 mi | $742,500 List Price | 3 | 2 | 1,616 | $459 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite being built in 1924, the property has been significantly updated and is move-in ready. The kitchen features stainless steel appliances and stone countertops, while the interior boasts recessed lighting, dual-pane windows, and refinished hardwood floors. Systems appear updated with a modern electrical panel and a completed sewer lateral. The overall condition suggests a renovation within the 5-15 year range.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1668.
- ADU and Value-Add Potential
The oversized garage and expansive 7,500 sq. ft. lot offer a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, providing potential for rental income or multi-generational living.
- High Bedroom Count
Featuring 5 bedrooms, this home provides rare capacity for the Millsmont area at this price point, making it ideal for large families or investors seeking high occupancy potential.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
- Bathroom-to-Bedroom Ratio
With 5 bedrooms but only 2 bathrooms, the property may face functional challenges and morning bottlenecks for larger households.
- Vintage Home Maintenance
Built in 1924, the property may require more frequent maintenance or future upgrades to its century-old systems compared to newer residential builds.
About 3980 Altamont Ave
Welcome to 3980 Altamont Ave. in Millsmont! Featuring 5 bedrooms, 2 bathrooms, and approximately 7,500 sq. ft. lot, this property offers an exciting opportunity for homeowners looking for a move in ready home, investors, or anyone looking to create their dream home. Inside, enjoy original hardwood floors that bring timeless character and stainless steel appliances in the kitchen. The expansive lot provides plenty of room for outdoor entertaining, gardening, or exploring future improvements. A standout feature is the large garage, which presents exciting potential for conversion into an Accessory Dwelling Unit (ADU), subject to applicable California and local Oakland requirements, permitting, and approval. A future ADU could offer additional living space, rental income potential, or accommodations for extended family. Conveniently located near public transportation and with easy access to Highway 580, this property combines space, convenience, and versatility. Bring your vision and unlock the potential of this Oakland opportunity! Sewer lateral is done.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,668 | 1,591.405 |
| Lot Size | 7,500 | 5,033.821 |
| Price | $825.0K | $1.04M |
| Price per sq ft | $495 | $611 |
| Built year | 1924 | 1927 |
| HOA | $0 | $227 |
| Days on market | 9 | 36 |
Pricing History
Listed for Sale
Oct 15, 2026
$825,000
Initial Listing
Sold
Apr 23, 2018
$725,000
Public Record
Sold
Sep 30, 2015
$625,000
Public Record
Sold
Jun 13, 2007
$535,000
Public Record
Sold
Jun 23, 2005
$640,000
Public Record
Sold
Aug 24, 2004
$350,000
Public Record