5440 Wadean Place, Oakland, California 94601, Oakland, 94601 - 2 bed, 1 bath

5440 Wadean Place, Oakland, California 94601 home-pic-0

5440 Wadean Place

Oakland, California 94601

ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,004Sq Ft
3,049.2Lot Size

Property Price

LIST PRICE$485,000
EST. MARKET VALUE
$508,821
4% BelowMARKET VALUE

SUMMARY

Analysis of 5440 Wadean Place, Oakland, California 94601 reveals a Prime Investment Opportunity with a current list price of $485,000—significantly undercutting the $508,821 Fair Market Value by 4%. This valuation gap indicates a +$23,821 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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

$508,821 +$23,821 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
5440 Wadean Place
Subject
$485,000*
List Price
211,004$507-
A
4207 Aqua Vista St
Sold
$580,00021962$6030.8 mi
B
5388 Wentworth Ave
Sold
$580,000221,120$5180.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite its 1915 construction, the property has undergone extensive recent renovations that meet modern standards. The interior features a contemporary open-concept layout with new flooring, recessed lighting, and a fully updated kitchen equipped with shaker cabinets, stone countertops, and stainless steel appliances. The addition of a new staircase to a bonus room and a modern Jack and Jill bathroom, combined with a new privacy fence, indicates the home is in top-tier, move-in-ready condition with no visible deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Versatile Bonus Space

    The addition of a staircase leading to a bonus upstairs area provides significant flexibility for a home office, guest quarters, or additional living space, effectively maximizing the home's footprint.

  • ADU Conversion Potential

    The detached garage offers a prime opportunity for an Accessory Dwelling Unit (ADU) conversion, providing buyers with the potential for rental income or multi-generational living arrangements.

  • Modernized Open Concept

    Recent renovations, including the removal of interior walls, have created a bright and airy open layout that enhances the flow of natural light and modernizes the 1915 structure.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    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.

  • Limited Bathroom Count

    With only one bathroom serving two bedrooms and a bonus upstairs area, the property may present functional challenges for families or those who frequently host guests.

  • Century-Old Infrastructure

    Built in 1915, the home may require ongoing maintenance or future capital expenditures to address aging systems typical of properties over 100 years old.

About 5440 Wadean Place

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.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1915
Lot Size
3,049.2 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
1 (1 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
42%
Baths1.02.0
40%
Square foot1,0041,210
26%
Lot Size3,049.24,079
20%
Price$485.0K$560.0K
32%
Price per sq ft$483$442
56%
Built year19151919
46%
HOA$0$0
50%
Days on market5170
2%

Pricing History

Listed for Sale

Mar 2, 2026

$485,000

Initial Listing

Sold

Jan 9, 2024

$430,000

Public Record

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