5311 Gray Street, Oakland, California 94601, Oakland, 94601 - 3 bed, 2 bath
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Oakland, California 94601
This Updated Single-Family Residence is a Strong Value Opportunity, listed at $549,000—positioned well below the $588,025 Fair Market Value by 6%. This valuation gap offers $39,025 in Instant Equity for the buyer. Boasting an Excellent Condition Rating, the home features a modern eat-in kitchen with stainless appliances and a primary suite with a rainfall shower. The outdoor patio deck and prime location near BART and Highways 880/580 provide significant lifestyle advantages. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey asset with built-in wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5311 Gray Street Subject | $549,000* List Price | 3 | 2 | 1,372 | $429 | - |
A 2016 38th Ave Sold | $555,000 | 3 | 1 | 1,252 | $443 | 0.2 mi |
B 2076 Harrington Ave Sold | $570,000 | 4 | 3 | 1,506 | $378 | 0.1 mi |
C 1535 38th Ave Sold | $570,000 | 4 | 2 | 1,554 | $367 | 0.6 mi |
D 1742 1742 28th Ave Sold | $650,000 | 3 | 1 | 1,351 | $481 | 0.7 mi |
E 2005 2005 36th Avenue Sold | $549,000 | 3 | 2 | 1,210 | $454 | 0.2 mi |
F 2504 E 24th Street Sold | $620,000 | 4 | 3 | 1,522 | $407 | 0.8 mi |
G 2151 Santa Rita St Pending | $597,000 List Price | 3 | 2 | 1,209 | $494 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1979, the property has undergone extensive recent renovations that align with current quality standards. The kitchen is fully updated with modern stainless steel appliances and trendy floating shelves, while the bathrooms have been renovated with contemporary fixtures like rainfall showers. The interior features modern flooring and a bright, move-in-ready aesthetic with no signs of deferred maintenance, qualifying it for the excellent category based on the recent overhaul of major living areas.
The home features a recently updated eat-in kitchen with stainless steel appliances and renovated bathrooms, including a primary suite with a rainfall shower, offering a move-in-ready experience.
Ideally situated between Highways 880 and 580 and approximately one mile from BART, this property provides excellent accessibility for Bay Area professionals.
The property includes a versatile backyard with a patio deck and lemon tree, complemented by a garage equipped with a workbench and built-in storage.
The single-car garage may be restrictive for multi-vehicle households or those requiring significant indoor storage space.
Proximity to major transit corridors and highways, while convenient for commuting, may result in higher ambient traffic noise levels.
Welcome to this updated 3-bedroom, 2-bath home with 1,372 square feet of living space in Oakland’s Harrington neighborhood. Inside, you’ll find an updated eat-in kitchen with stainless steel appliances, floating shelves, and plenty of cabinet space. It’s a practical space for everyday meals or spending time with family and friends. Next to the kitchen is a bright and spacious living room with lots of natural light. Sliding glass doors lead to the backyard, making it easy to move between indoor and outdoor spaces. Down the hallway are three bedrooms, including a primary bedroom with a mirrored closet and an updated bathroom with a rainfall shower. The two additional bedrooms can be used for family, guests, or a home office and share an updated hall bathroom. Outside, the backyard features a lemon tree, a patio deck, and extra space that could be used for gardening or creating your own outdoor setup. The home also includes a one-car garage with a workbench, laundry area, and built-in storage. The driveway provides parking for two more cars. The location is convenient for commuters, situated between Highways 880 and 580 and about a mile from BART. Nearby you’ll find restaurants, shopping, schools, and parks, including Peralta Hacienda Historical Park just down the street.
No exterior & parking available.
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 | 1,372 | 1,336 | 55% |
| Lot Size | 4,569 | 4,375 | 62% |
| Price | $549.0K | $565.0K | 45% |
| Price per sq ft | $400 | $407 | 49% |
| Built year | 1979 | 1921 | 96% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 187 | 2% |
Mar 13, 2026
$549,000
Initial Listing