5360 5360 Locksley Ave, Oakland, California 94618, Oakland, 94618 - 2 bed, 2 bath
5360 5360 Locksley Ave
Oakland, California 94618
Property Price
SUMMARY
Analysis of 5360 5360 Locksley Ave, Oakland, California 94618 reveals a Prime Investment Opportunity with a current list price of $1,095,000—significantly undercutting the $1,185,016 Fair Market Value by 7%. This valuation gap indicates a +$90,016 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5360 5360 Locksley Ave Subject | $1,095,000* List Price | 2 | 2 | 1,295 | $915 | - |
A 5361 Thomas Ave Sold | $1,050,000 | 2 | 1 | 1,008 | $1,042 | 0.4 mi |
B 4970 4970 Coronado Avenue Pending | $995,000 List Price | 2 | 2 | 1,263 | $788 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1912 Craftsman bungalow is move-in ready and well-maintained, blending vintage charm with modern updates. The kitchen has been recently refreshed with black quartz countertops, two-tone cabinetry, and a new refrigerator (2026), while the bathrooms are described as crisp and functional. Although the property is historic, the interior finishes, designer lighting, and the addition of a finished detached bonus space with a second bathroom indicate significant upkeep and partial renovation within the expected timeframe for a 'good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Rockridge Location
Boasting a Walkscore of 92, the property is situated in an A+ location just two blocks from BART, Market Hall, and Frog Park, offering exceptional urban convenience.
- Versatile Detached Bonus Space
The inclusion of a detached structure featuring an office/bonus space and a second full bathroom provides highly desirable flexibility for remote work or guest accommodations.
- Modernized Craftsman Character
This 1912 bungalow preserves vintage charm through built-in cabinetry and a brick fireplace while offering modern updates like a remodeled kitchen with quartz countertops and a new refrigerator.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1295, other record living area = 1071.
- Compact Lot Size
The 3,300 square foot lot is relatively small for the area, which may limit outdoor privacy and future expansion possibilities for the main residence.
- Permit and Compliance Uncertainty
The listing notes that the buyer must investigate the detached structure and second bathroom, suggesting potential issues with permitting or non-conforming square footage.
About 5360 5360 Locksley Ave
Welcome to this cheerful Craftsman bungalow with vintage details and an A+ location! A colorful and fragrant front garden and a quaint front porch are your first impressions. Enter into a large living room with a picture window, and pass into the dining room with a designer chandelier, brick fireplace, and built-in cabinetry. Front and rear bedrooms share a crisp white tiled bathroom with a shower-over-tub and a vintage porcelain pedestal sink. The large kitchen offers many features such as a new refrigerator (02/2026), two-tone cabinetry, black quartz countertops, handsome dark linoleum flooring, plus a large built-in bench! This space is bright with western/southern exposure and a view of the garden. There is a large deck off the kitchen, flowing out to a lush lawn with border plantings. A new EV charger awaits the driveway (shared). The detached structure is an office/bonus space with the second full bath.* Located within 2 blocks of Market Hall, BART, 2 blocks from Frog Park, and 3 blocks from the Temescal Farmers Market, the convenient lifestyle here enjoys all that is wonderful about Rockridge! Walkscore® = 92. *Buyer to investigate.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 3,300 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,295 | 2,124 | 11% |
| Lot Size | 3,300 | 5,175 | 19% |
| Price | $1.09M | $1.73M | 15% |
| Price per sq ft | $846 | $770 | 57% |
| Built year | 1912 | 1925 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 163 | 2% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,095,000
Initial Listing
Sold
Feb 5, 2015
$1,050,000
Public Record
Sold
Sep 5, 2013
$795,000
Public Record
Sold
Apr 6, 2010
$699,000
Public Record
Sold
Aug 23, 2006
$765,000
Public Record
Sold
Jun 25, 2003
$625,000
Public Record