
Oakland, California 94619
This Classic 1940s Redwood Heights Residence is a Prime Investment Opportunity, listed at $995,000—positioned well below the $1,016,722 Fair Market Value by 2%. This valuation gap secures $21,722 in Instant Equity. Boasting a Condition Rating of 3, the property features a rare .25-acre level corner lot and a 1,100 sq ft finished basement with a separate entrance, offering significant ADU potential. Located blocks from top-rated Redwood Heights Elementary, this is an ideal find for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4010 Reinhardt Dr Subject | $995,000* List Price | 3 | 3 | 1,922 | $529 | - |
A 4449 Mattis Ct Sold | $880,000 | 3 | 3 | 1,825 | $482 | 0.4 mi |
B 4671 4671 Stauffer Pl Sold | $1,225,000 | 4 | 4 | 2,071 | $592 | 0.3 mi |
C 485 Creighton Way Sold | $1,275,000 | 3 | 3 | 2,146 | $594 | 0.4 mi |
D 4134 Harbor View Ave Sold | $1,150,000 | 3 | 2 | 1,900 | $605 | 0.3 mi |
E 4545 Tompkins Ave Sold | $920,000 | 3 | 2 | 2,366 | $389 | 0.5 mi |
F 3432 Pierson St Sold | $875,000 | 4 | 2 | 1,747 | $501 | 1.0 mi |
G 4021 Maybelle Ave Pending | $998,000 List Price | 4 | 3 | 2,200 | $454 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a bright kitchen with new appliances and updated light fixtures. The main living areas showcase high-quality hardwood floors and vaulted ceilings. While the 1,100 sq ft finished basement retains a more dated aesthetic with vintage wood paneling and acoustic ceiling tiles, the overall structure and primary living spaces are in good condition with no immediate renovations required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10880, living area = 1922.
Situated on a rare, level 0.25-acre corner lot, this property offers expansive, usable outdoor space and gardening potential that is exceptionally hard to find in the Oakland hills.
The 1,100+/- sq ft finished basement with a separate entrance provides incredible flexibility for a home office, media room, or potential ADU conversion for rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1922, other record living area = 1800.
As a 1940s build, the property may require updates to older systems or seismic retrofitting to meet modern standards and ensure long-term efficiency.
While the local elementary school is highly rated, the assigned middle and high schools have significantly lower ratings, which may impact long-term appeal for families with older children.
Nestled in the sought-after Redwood Heights neighborhood, this charming home sits on a rare, level .25-acre corner lot just blocks from highly rated Redwood Heights Elementary. Built in 1940, this home features 3 bedrooms, 3 full baths and approx 1,922+/- sq ft of living space plus a full basement with over 1,100 +/- sq ft of finished usable space - ideal for media room, office or flexible living as it has a separate entrance. The spacious living room showcases vaulted ceilings, classic architectural details, and an expansive divided light window that bathes the space in natural light. A formal dining room offers seamless flow into the bright kitchen, which includes new appliances, a functional layout, and cozy breakfast seating. The expansive grounds are a true highlight, featuring mature landscaping, gardens, and a covered patio perfect for relaxing or entertaining, while offering additional space with limitless possibilities to create the perfect outdoor oasis. A detached three-car garage with additional storage adds convenience. A rare opportunity combining space, character, and location.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 1,922 | 1,608 | 67% |
| Lot Size | 10,880 | 5,000 | 87% |
| Price | $995.0K | $940.0K | 55% |
| Price per sq ft | $518 | $612 | 23% |
| Built year | 1940 | 1933 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 159 | 1% |
Apr 9, 2026
$995,000
Initial Listing