4058 Edwards Ave, Oakland, California 94605, Oakland, 94605 - 3 bed, 2 bath
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Oakland, California 94605
This Oakland Dual-Lot Development Asset is listed at $650,000, representing a high-upside acquisition in Eastmont Hills. While the $582,261 Fair Market Value suggests a list-to-value premium, the adjacent vacant lot and two distinct APNs anchor the valuation, providing rare flexibility for ADU construction or expansion. With a Condition Rating of 5, the 1920s structure—featuring a private patio—requires substantial rehabilitation to capture sweat-equity upside. Located just 0.12 miles from Burckhalter Elementary, this project is an ideal value-add opportunity for Fix-and-Flip Investors or Contractors looking to maximize a multi-parcel site.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4058 Edwards Ave Subject | $650,000* List Price | 3 | 2 | 1,424 | $409 | - |
A 4116 Kentwood Ct Sold | $580,200 | 3 | 1 | 1,104 | $526 | 0.7 mi |
B 4017 Altamont Ave Sold | $470,000 | 1 | 1 | 1,176 | $400 | 0.2 mi |
C 8445 Aster Ave Active | $735,000 List Price | 3 | 2 | 1,446 | $508 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this property requires substantial rehabilitation. While the kitchen features some updated elements like stone countertops and a stainless steel range, it is incomplete with missing cabinet doors and drawers. Interior photos reveal unfinished flooring, damaged doors, and a utility area with exposed plumbing and temporary wooden bracing. The exterior shows significant deferred maintenance with overgrown vegetation and peeling paint on concrete surfaces, consistent with the listing's description of a 'sweat-equity' opportunity.
The sale includes an adjacent vacant lot with its own APN, providing rare flexibility for expansion, ADU construction, or future development projects.
This 1920s residence offers a functional 1,424 sq. ft. layout with timeless architectural appeal and significant sweat-equity potential for homeowners or investors.
Situated in Eastmont Hills, the property is conveniently located near shopping and commuter routes, and is just 0.12 miles from Burckhalter Elementary School.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5300, other record lot size in square feet = 801.
Built in 1920, the property likely requires updates to its original systems and finishes to align with contemporary living standards and efficiency.
The assigned public middle and high schools currently hold low performance ratings (1-2), which may be a concern for families prioritizing district metrics.
Welcome to a rare and versatile opportunity in Oakland offering both a charming single-family home and an adjacent vacant lot, all under one address. The existing residence features approximately 3 bedrooms and 2 bathrooms with classic character and plenty of potential to make it your own. Whether you're looking for a comfortable place to call home or a property with room to grow, this unique offering delivers flexibility and value. With two APNs—40A344114 (SFR) and 040A-3441-036-04 (vacant land)—the possibilities are wide open. Expand the current home, build an additional unit, create your dream outdoor space, or explore future development opportunities (buyer to verify). The extra lot provides a rare chance to customize and enhance your lifestyle in a way most properties simply cannot offer. Conveniently located near schools, parks, shopping, and commuter routes, this property combines everyday convenience with long-term potential. A truly special opportunity to own more than just a home—create your vision and grow into it over time.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 1.2 mi
Grades K-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,424 | 1,357 | 54% |
| Lot Size | 5,300 | 5,712 | 42% |
| Price | $650.0K | $730.0K | 42% |
| Price per sq ft | $456 | $516 | 33% |
| Built year | 1920 | 1939 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 174 | 1% |
Apr 2, 2026
$650,000
Initial Listing
Oct 6, 2005
$163,500
Public Record