4815 Shetland Ave, Oakland, California 94605, Oakland, 94605 - 4 bed, 3 bath
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Oakland, California 94605
This property presents a Strong Value Opportunity with a List Price of $899,000—positioned well below the $830,870 Fair Market Value by -8%. While the property requires significant updates, its Fair Condition Rating and 7,875 sqft lot offer substantial upside for forced appreciation. The home features a versatile layout with a finished lower level and a rear deck with wooded views. This is a high-potential asset for Fix-and-Flip Investors or Owner-Occupants looking to build equity through strategic renovation in a nature-centric neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4815 Shetland Ave Subject | $899,000* List Price | 4 | 3 | 1,842 | $451 | - |
A 4704 Scotia Ave Sold | $845,000 | 4 | 3 | 2,082 | $406 | 0.2 mi |
B 21 Orinda Vista Dr Active | $1,025,000 List Price | 3 | 2 | 1,927 | $532 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1957 and has been held by the same owner for 48 years with no evidence of recent renovations. The kitchen and bathrooms feature finishes and appliances that appear to be 30-50 years old, and the listing explicitly states that 'TLC' and 'updates' are needed, fitting the criteria for a home requiring a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7875, living area = 1842.
The property features a functional four-bedroom main level complemented by a finished lower level with a second family room and potential separate entrance, ideal for a guest retreat or home office.
Nestled in the peaceful Grass Valley neighborhood near the Oakland Zoo, the home offers immediate access to Anthony Chabot Regional Park, hiking trails, and Lake Chabot Golf Course.
The listing explicitly mentions the need for 'TLC' and updates, indicating that buyers will need to budget for significant cosmetic and potentially system upgrades to modernize the 1950s finishes.
The assigned neighborhood schools, including Grass Valley Elementary, carry low performance ratings, which may be a drawback for families prioritizing public education metrics.
Welcome to Grass Valley! Tucked away behind the Oakland Zoo, this lovely home sits in a peaceful, suburban-feeling pocket of Grass Valley — lovingly cared for by the same owner for more than 48 years. The main level offers a functional layout with a kitchen, four bedrooms, and two bathrooms, plus a living room with a wood-burning fireplace and dining area. The spacious family room opens to a deck, creating effortless indoor-outdoor flow for everyday living or entertaining. Hardwood floors lie waiting beneath the carpet, and the family room is finished with recessed lighting and built-in ceiling speakers. Downstairs, the lower level adds even more flexibility: a laundry alcove, a half bath, and a second large family room with direct garage access. A former side-yard entrance (currently closed off on the interior) offers the potential to reopen this space as a second entertainment area, guest retreat, or home office. This home offers great bones and an unbeatable setting — ready for your personal touch and updates (TLC needed)! Enjoy easy access to hiking trails, Anthony Chabot Regional Park, Lake Chabot Golf Course, nearby schools, and convenient commute options via freeway or public transit. A rare opportunity to put your stamp on a home with decades of history in a nature-friendly East Bay neighborhood.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.7 mi
Grades K-5 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,842 | 1,587.5 |
| Lot Size | 7,875 | 5,000 |
| Price | $899.0K | $1.06M |
| Price per sq ft | $488 | $623 |
| Built year | 1957 | 1928 |
| HOA | $0 | $338 |
| Days on market | 13 | 35 |
Jul 9, 2026
$899,000
Initial Listing