55 8th St, Oakland, California 94607, Oakland, 94607 - 4 bed, 2 bath
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Oakland, California 94607
This High-Potential Value-Add Asset presents a High-Potential Investment Opportunity with a List Price of $688,888—positioned well below the $696,407 Fair Market Value by 1%. This valuation gap offers $7,519 in Instant Equity for buyers. While the property has a Condition Rating of 5, the 1903 structure provides a clean slate for a full renovation and the creation of a lower-level separate unit. Located near BART and Lake Merritt, this is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Property is extensive renovation needed.
Built in 1903, this property is a classic fixer-upper requiring significant renovation. The kitchen and bathrooms are severely outdated with mid-century fixtures, and the listing description explicitly calls for a 'reimagine and rebuild' approach, noting the need for a total rehab to meet modern standards.
The property is ideally situated in Downtown Oakland, offering immediate proximity to BART, Lake Merritt, Chinatown, and Laney College, making it a prime spot for commuters and urban dwellers.
The lower level provides a significant opportunity to create a separate rental unit or ADU, supported by an existing bathroom and a newly installed sewer line connection.
As a 'clean slate' fixer-upper, this property allows investors or builders to completely customize the interior and maximize equity in one of Oakland’s most dynamic and appreciating neighborhoods.
The structure requires significant capital investment and a full-scale renovation, which may be a barrier for traditional buyers looking for a move-in ready home.
The 2,500 square foot lot is relatively small, restricting outdoor living space and limiting the potential for horizontal expansion or large-scale landscaping.
Tucked into a prime Oakland location just moments from Chinatown, Laney College, BART, and the vibrant shores of Lake Merritt, this property offers a rare opportunity to reimagine and rebuild in the heart of it all. Set on a generous footprint, the home is ready for transformation—an ideal canvas for investors, builders, or buyers with vision. The existing structure requires significant renovation, but the upside is undeniable. With a clean slate to work from, you can design and customize every detail to suit modern living or maximize income potential. The lower level is particularly compelling, offering ample space for the creation of a possible separate unit—perfect for rental income, extended family, or a flexible live/work setup. An existing second bathroom on the lower level provides a valuable head start, building permits are unknown but is connected to the brand new installed sewer line. Whether you’re looking to restore, expand, or completely reimagine, the groundwork is here for something special. All of this in a highly connected location, where dining, transit, education, and recreation are just minutes away. This is more than a fixer—it’s an opportunity to create lasting value in one of Oakland’s most dynamic neighborhoods. Open house Sat June 6 from 2:00-4:00
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,402 | 1,411 | 50% |
| Lot Size | 2,500 | 3,605 | 28% |
| Price | $560.0K | $635.0K | 39% |
| Price per sq ft | $399 | $424 | 39% |
| Built year | 1903 | 1902 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 135 | 6% |
Jun 6, 2026
$560,000
$688,888
-19% Price Drop
Initial Listing
Apr 23, 2026
$688,888
Initial Listing