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

5440 Wadean Place
Oakland, California 94601
Property Price
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
Comparable Sales Map
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 | $507 | - |
A 4207 Aqua Vista St Sold | $580,000 | 2 | 1 | 962 | $603 | 0.8 mi |
B 5388 Wentworth Ave Sold | $580,000 | 2 | 2 | 1,120 | $518 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 42% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 1,004 | 1,210 | 26% |
| Lot Size | 3,049.2 | 4,079 | 20% |
| Price | $485.0K | $560.0K | 32% |
| Price per sq ft | $483 | $442 | 56% |
| Built year | 1915 | 1919 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 170 | 2% |
Pricing History
Listed for Sale
Mar 2, 2026
$485,000
Initial Listing
Sold
Jan 9, 2024
$430,000
Public Record









