
Oakland, California 94610
This Residential Income Duplex is a Prime Investment Opportunity, listed at $1,295,000—positioned well below the $1,325,833 Fair Market Value by 2%. This valuation gap offers $30,833 in Instant Equity. Featuring a Condition Rating of 3, the property includes a modernized chef's kitchen, refinished hardwood floors, and a Brazilian ipe deck. Located near top-rated schools like Crocker Highlands Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, move-in ready property near Lake Merritt.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 455 Lagunitas Ave Subject | $1,295,000* List Price | 0 | 0 | 4,095 | $324 | - |
A 881 Erie St Pending | $1,450,000 List Price | 0 | 0 | 4,248 | $341 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1922, the property features a 'newly remodeled' studio and a 'thoroughly modern' upper unit with a chef's kitchen and Thermador appliances. The presence of dual-pane windows, refinished hardwood floors, and a high-end Brazilian ipe deck indicates significant recent capital improvements (5-15y range for the main structure and <5y for the studio), making it well-maintained and move-in ready.
Elementary School: Crocker Highlands Elementary School (9/10). Middle School: Piedmont Middle School (9/10). High School: Piedmont High School (10/10).
Situated on a quiet cul-de-sac just steps from Lake Merritt and the vibrant Grand Lake district, offering a perfect balance of neighborhood tranquility and immediate access to top-tier dining and entertainment.
This massive residential income property features two expansive 2,000-square-foot units plus a newly remodeled bonus studio, providing versatile options for high-yield rentals, guest quarters, or multigenerational living.
As a 1922 Edwardian structure, the property may require ongoing maintenance or future capital expenditures for aging systems typical of homes from this era that are not explicitly noted as fully modernized.
While the property is near some high-performing schools, several assigned local public schools have lower ratings, which may impact the long-term appeal for families prioritizing specific educational districts.
At the end of a cul-de-sac, steps from Lake Merritt, this Edwardian-style home welcomes you into the largest duplex you have ever seen. Two single-level units - each nearly 2,000 square feet* - offer hardwood floors, a fireplace, ensuite bathrooms, walk-in closets, and natural light pouring through abundant windows in every room. A newly remodeled bonus studio with its own private entrance rounds out the property.* Tucked behind Grand Lake Kitchen and Oaktown Spice Shop, one block from the Grand Lake Theater - you're in the heart of it all, without the bustle of street traffic. Peek-a-boo views of Eastshore Park's grassy greens frame the iconic Lake Merritt muscle men, a spectacle that gives LA's Muscle Beach a run for its money. The street-level three-bedroom unit features refinished hardwood floors, a full bathroom, and an ensuite half bath. Natural light and classic finishes fill every corner. The upper three-bedroom, two-bath unit is thoroughly modern: a chef's kitchen with a Thermador range and grill, abundant countertop space, dual-pane windows, and nearly 2,000 square feet* of hardwood floors built for real living. Two full bathrooms - one ensuite - complete the picture. A newly updated studio with a full kitchen, full bath, and its own lower entrance offers flexible possibilities for guests, rental income, or multigenerational living.* Out back, a raised Brazilian ipe wood deck and expansive yard are practically begging to host the whole Town - and then some. You came looking for Oakland's finest restaurants and shops, a lakeside path, and an easy commute - and found so much more. *Buyer to investigate.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,095 | 2,547 |
| Lot Size | 5,383 | 4,475 |
| Price | $1.29M | $860.2K |
| Price per sq ft | $316 | $344 |
| Built year | 1922 | 1920 |
| HOA | $0 | $0 |
| Days on market | 27 | 56 |
Jun 25, 2026
$1,295,000
Initial Listing
Feb 8, 2006
$865,000
Public Record