486 Mcauley St, Oakland, California 94609, Oakland, 94609 - 3 bed, 3 bath
ACTIVE$998,000
486 Mcauley St, Oakland, California 94609
3Beds
3Baths
1,916Sqft
6,500Lot
Price Vs. Estimate
The estimated value ($794,400.465) is $203,599.535 (20%) lower than the list price ($998,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income/Flexibility Potential: Features an Accessory Dwelling Unit (ADU) providing opportunities for rental income, guest accommodation, or multi-generational living.
Top Cons:
Historic Property Condition: Built in 1911, the home is over a century old, likely requiring substantial updates, renovations, and potential repairs to modernize systems and aesthetics.
Compared to the nearby listings
Price:$998.0K vs avg $1.29M ($-289,500)32%
Size:1,916 sqft vs avg 1,436 sqft68%
Price/sqft:$521 vs avg $78218%
More Insights
Built in 1911 (114 years old).
Condition: Built in 1911, this property requires substantial repairs and rehabilitation. While the ADU appears to have received some basic, partial updates (newer cabinets, laminate flooring, a functional bathroom), the main house shows significant signs of disrepair and outdated features. The main bathroom (Image 6) is in very poor condition with extensive staining and old fixtures, requiring a full renovation. A bar/kitchen area (Image 5) is severely dilapidated. The basement is unfinished, and an exposed electrical panel in the ADU kitchen (Image 8) is a safety concern. The property's description highlights 'opportunity' and 'expansion potential,' indicating that significant work is needed rather than being move-in ready.
Year Built
1911
Close
-
List price
$998K
Original List price
$1.39M
Price/Sqft
$521
HOA
-
Days on market
-
Sold On
-
MLS number
41115109
Home ConditionPoor
Features
Patio
View-
About this home
Incredible opportunity in a quiet North Oakland neighborhood. 486 McAuley Street is a detached single-family home with an accessory dwelling unit (ADU), a full basement with expansion potential, and a detached two-car garage on a generous 6,500 sq ft lot. Whether you're looking to live, renovate, or invest, this property delivers flexibility and future value. Architectural plans have already been submitted to the City of Oakland, giving you a head start on your vision. The ADU offers space for rental income, guests, or extended family. The unfinished basement presents exciting potential for added living space, office, gym, or creative studio. The detached two-car garage provides even more possibilities. Located on a peaceful, tree-lined street near Temescal, Rockridge, Emeryville, BART, and major freeways, this home blends serenity with convenience. Don’t miss your chance to create something truly special in one of Oakland’s most sought-after areas.
Nearby schools
8/10
Peralta Elementary School
Public,•K-5•0.2mi
6/10
Leconte Elementary School
Public,•K-5•0.8mi
2/10
Emerson Elementary School
Public,•K-5•0.8mi
6/10
Malcolm X Elementary School
Public,•K-5•0.8mi
8/10
Chabot Elementary School
Public,•K-5•1.0mi
6/10
John Muir Elementary School
Public,•K-5•1.1mi
7/10
Emerson Elementary School
Public,•K-5•1.2mi
6/10
Claremont Middle School
Public,•6-8•0.5mi
8/10
Willard Middle School
Public,•6-8•0.9mi
2/10
Oakland International High School
Public,•9-12•0.9mi
7/10
Oakland Technical High School
Public,•9-12•1.0mi
8/10
Berkeley High School
Public,•9-12•1.7mi
2/10
Fremont High
Public,•9-12•5.7mi
Condition Rating
Poor
Built in 1911, this property requires substantial repairs and rehabilitation. While the ADU appears to have received some basic, partial updates (newer cabinets, laminate flooring, a functional bathroom), the main house shows significant signs of disrepair and outdated features. The main bathroom (Image 6) is in very poor condition with extensive staining and old fixtures, requiring a full renovation. A bar/kitchen area (Image 5) is severely dilapidated. The basement is unfinished, and an exposed electrical panel in the ADU kitchen (Image 8) is a safety concern. The property's description highlights 'opportunity' and 'expansion potential,' indicating that significant work is needed rather than being move-in ready.
Pros & Cons
Pros
Income/Flexibility Potential: Features an Accessory Dwelling Unit (ADU) providing opportunities for rental income, guest accommodation, or multi-generational living.
Significant Expansion Opportunity: Includes a full, unfinished basement with clear expansion potential, supported by already submitted architectural plans, offering a head start on value creation.
Prime North Oakland Location: Situated in a quiet, tree-lined North Oakland neighborhood with excellent proximity to desirable areas like Temescal, Rockridge, Emeryville, BART, and major freeways, ensuring convenience and desirability.
Generous Lot & Detached Garage: A substantial 6,500 sq ft lot combined with a detached two-car garage provides ample outdoor space, parking, and versatile utility options.
Attractive Price Adjustment: The property has seen a significant price reduction from its original listing, potentially offering a more competitive entry point for buyers.
Cons
Historic Property Condition: Built in 1911, the home is over a century old, likely requiring substantial updates, renovations, and potential repairs to modernize systems and aesthetics.
Unfinished Basement Requires Investment: While offering potential, the basement is unfinished, meaning considerable financial and time investment will be necessary to convert it into usable living space.
Discrepancy with Estimated Value: The current listing price is 20% above the property's estimated value, suggesting it may be priced aggressively or requires significant improvements to align with market expectations.