525 Mandana Blvd 402, Oakland, California 94610, Oakland, 94610 - 2 bed, 2 bath
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Oakland, California 94610
This Modern Luxury Penthouse is a Prime Investment Opportunity listed at $895,000—positioned well below the $940,200 Fair Market Value by 4%. This valuation gap provides $45,200 in Instant Equity. Boasting a Condition Rating of 2, the residence features a glass conservatory, wraparound roof deck, and iconic Lake Merritt views. Located in Grand Lake near Top-Rated Schools like Crocker Highlands Elementary and Piedmont High, it offers a turnkey lifestyle. This rare find is perfect for Urban Professionals or Owner-Occupants seeking a high-end sanctuary with built-in value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 Mandana Blvd 402 Subject | $895,000* List Price | 2 | 2 | 1,810 | $519 | - |
A 383 Staten Ave 201 Sold | $855,000 | 3 | 2 | 1,696 | $504 | 0.5 mi |
B 385 Jayne Ave 401 Sold | $719,000 | 2 | 2 | 1,457 | $493 | 0.6 mi |
C 85 Vernon St 208 Sold | $630,000 | 2 | 2 | 1,094 | $576 | 0.8 mi |
D 742 Wesley Way 2d Sold | $635,000 | 2 | 2 | 1,300 | $488 | 0.2 mi |
E 474 474 Merritt Ave 7 Active | $945,000 List Price | 2 | 2 | 1,649 | $573 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1972 build date, the property has undergone a high-end modern renovation within the last 5 years. The kitchen features designer Heath Ceramics subway tile and stainless appliances, and the bathrooms are fully updated with contemporary floating vanities and fixtures. The interior is in mint condition with vaulted ceilings and updated hardwood flooring.
Elementary School: Crocker Highlands Elementary School (9/10). Middle School: Piedmont Middle School (9/10). High School: Piedmont High School (10/10).
This penthouse features a spectacular wraparound roof deck with southwestern exposure, providing panoramic views of Lake Merritt and the downtown Oakland skyline.
The unit boasts rare luxury features including keyed elevator access, vaulted ceilings, and a dramatic glass conservatory dining room that offers a one-of-a-kind entertaining experience.
The association fee is $1,400 per month, which is significantly high and may impact the overall affordability and debt-to-income ratio for prospective buyers.
Built in 1972, the building may lack the modern energy efficiencies and extensive common-area amenities found in newer luxury condominium developments.
One of only two penthouses with keyed elevator access, 402 has southwestern exposure with iconic Lake Merritt and skyline views. The living room features vaulted ceilings, a fireplace with custom mantel, balcony & hardwood floors. The truly unique glass conservatory creates a dramatic dining room under the stars perfect for entertaining. An updated modern kitchen features stainless appliances & Heath Ceramics subway tile. Both bedrooms are spacious and have sliding glass door access to the wraparound roof deck. The terrace is spectacular and provides ample room for lounging, al fresco dining, grilling and gardening. A smaller third room can be used as an office, fitness/craft room or guest bedroom with views of the lake. 525 Mandana is ideally located in Grand Lake with dozens of Oakland’s most popular shops, eateries & grocery stores, including Bardo, Sirene and Almond & Oak. Just a few blocks away, Lake Merritt's 3-mile shoreline loop is one of Oakland’s most popular locations featuring the Oakland Lawn Bowling Club, Lake Chalet Bar & Grill and the Lake Merritt Boating Center where you can ride an authentic Venetian gondola. The Grand Lake Farmer’s Market is every Saturday and features over 40 farmers and 30 food vendors. Views: Downtown
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,810 | 1,003 | 91% |
| Lot Size | 17,976 | 17,192 | 56% |
| Price | $895.0K | $532.5K | 85% |
| Price per sq ft | $494 | $494 | 50% |
| Built year | 1972 | 1970 | 71% |
| HOA | $1400.0 | $656 | 91% |
| Days on market | 5 | 209 | 3% |
Apr 17, 2026
$895,000
Initial Listing
Dec 8, 2015
$775,000
Public Record
Jul 17, 2007
$667,000
Public Record
Mar 20, 1998
$185,000
Public Record
Apr 2, 1996
$181,000
Public Record