5440 Wadean Place, Oakland, California 94601, Oakland, 94601 - 2 bed, 1 bath
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Oakland, California 94601
This Updated Bungalow with Expansion Potential is a Prime Investment Opportunity, listed at $485,000—positioned well below the $505,227 Fair Market Value by 4%. This valuation gap provides $20,227 in Instant Equity. Boasting a Move-in Ready Condition Rating, the home features a modernized open layout, a versatile bonus upstairs space, and a detached garage with ADU potential. Located in the Fremont Unified district with a new 8-foot privacy fence, it balances lifestyle with financial upside. This is an ideal match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5440 Wadean Place Subject | $485,000* List Price | 2 | 1 | 1,004 | $503 | - |
A 4207 Aqua Vista St Sold | $580,000 | 2 | 1 | 962 | $603 | 0.8 mi |
B 4118 Agua Vista St Sold | $589,000 | 2 | 2 | 1,032 | $571 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant recent interior updates, including the removal of walls to create a modernized open-concept layout and the addition of a staircase to a bonus upstairs area. While the home retains its 1915 vintage infrastructure, the cosmetic improvements, updated privacy fencing, and functional Jack and Jill bathroom provide a contemporary feel that meets current market expectations for a well-maintained, updated residence.
The property features a detached garage with ADU conversion potential and a newly added staircase leading to a versatile bonus upstairs space, ideal for a home office or guest area.
Recent interior updates, including the removal of select walls, have created a bright, open-concept flow that maximizes natural light and enhances the home's 1,004 square feet of living space.
The spacious backyard is secured by a new 8-foot privacy fence, providing a secluded and functional area for outdoor entertaining and relaxation in an urban setting.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 3200.
With only one Jack and Jill bathroom serving two bedrooms and a bonus space, the layout may be restrictive for families or those who frequently host guests.
Built in 1915, the home may require ongoing maintenance or future capital improvements to aging systems common in century-old properties, despite recent cosmetic updates.
Opportunity awaits at 5440 Wadean Place! A thoughtfully updated 2-bedroom, 1 bathroom home offering over 1,000 sq ft of comfortable living in Oakland. Recent improvements include the addition of a staircase leading to a bonus upstairs space - offering flexibility for a home office, guest area, or additional livin quarters. Another improvment was the removal of select interior walls, enhancing the home’s flow and creating a brighter, more open layout filled with natural light. The Jack and Jill bathroom adds functional convenience between both bedrooms. The spacious backyard features an updated 8 foot rear privacy fence and room to relax or entertain. A detached garage offers potential for future ADU conversion (buyer to verify). Conveniently located near commuter routes, shopping, and everyday amenities. A fantastic opportunity for first-time buyers or anyone seeking space with expansion potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 1,004 | 1,327 | 17% |
| Lot Size | 3,049.2 | 4,375 | 17% |
| Price | $485.0K | $565.0K | 30% |
| Price per sq ft | $483 | $407 | 66% |
| Built year | 1915 | 1921 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 187 | 9% |
Mar 2, 2026
$485,000
Initial Listing
Jan 9, 2024
$430,000
Public Record