551 551 53rd St, Oakland, California 94609, Oakland, 94609 - 0 bed, 0 bath
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Oakland, California 94609
This Modernized Craftsman Duplex is a Strong Value Opportunity, listed at $975,000—positioned well below the $1,030,503 Fair Market Value by 5%. This valuation gap offers $55,503 in Instant Equity. Boasting an Excellent Condition Rating, the property features Quartz Kitchens, stainless appliances, and a new Redwood Deck. The deep backyard provides significant upside via ADU Development Potential in the high-demand Temescal neighborhood near Rockridge BART. This versatile asset is a premier choice for Owner-Occupants seeking rental offsets or Buy-and-Hold Investors targeting long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 551 551 53rd St Subject | $975,000* List Price | 0 | 0 | 2,031 | $507 | - |
A 3830 Clarke St Sold | $1,100,000 | 0 | 0 | 2,298 | $479 | 0.7 mi |
B 5707 Carberry Ave Active | $999,000 List Price | 0 | 0 | 1,811 | $552 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1912, the property has undergone an extensive and high-quality renovation within the last 5 years. The interior features all-new flooring, fresh paint, and modern light fixtures. The kitchens are fully updated with new soft-close cabinetry, quartz countertops, and stainless steel appliances, while the bathrooms feature modern vanities and new tiling, meeting the criteria for excellent condition.
Situated in the heart of North Oakland, the property offers exceptional walkability to Telegraph Avenue's dining, Whole Foods, and Rockridge BART, ensuring high tenant demand and long-term appreciation.
This 1912 Craftsman has been comprehensively remodeled with quartz countertops, stainless steel appliances, and new flooring, providing a move-in-ready experience without the need for immediate capital expenditures.
The deep, fenced backyard presents a significant value-add opportunity to construct an Accessory Dwelling Unit (ADU), allowing for increased rental yield or expanded multi-generational living.
Despite modern cosmetic updates, the 1912 construction date may imply underlying maintenance requirements typical of older homes, such as aging foundation or legacy utility systems.
With a lot size of 4,160 square feet, maximizing the property's potential with an ADU may result in limited outdoor privacy and increased competition for the available off-street parking.
Welcome to 551 53rd St, a North Oakland remodeled duplex in the charming Temescal neighborhood. This 1912 Craftsman blends vintage charm with modern updates, just steps from Telegraph Avenue's vibrant dining, shopping and entertainment options, also close to UCSF Children's Hospital Benioff of Oakland and Frogs Park. Enjoy nearby conveniences like the new shopping center with Whole Foods, Walgreens, Peet's Coffee and Farmers Market. Benefit from easy freeway access, proximity to Rockridge BART - just 11 miles to San Francisco! The units feature abundant natural light, new paint, windows, flooring and fixtures. Kitchens boast stainless steel appliances, Quartz countertops and new soft-close cabinetry. Bathrooms offer tile floors, modern vanities and a combination tub/shower and full stall shower. Exterior highlights low maintenance landscaping, deep fenced backyard (possible ADU), off-street parking, new porch and redwood decking. Whether you’re looking to live in one unit and offset your mortgage with rental income, expand your investment portfolio, or reimagine the property to maximize value, this duplex delivers flexibility. A great opportunity for owner-occupants and investors alike!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,031 | 2,423 | 40% |
| Lot Size | 4,160 | 4,118 | 53% |
| Price | $975.0K | $750.0K | 67% |
| Price per sq ft | $480 | $286 | 80% |
| Built year | 1912 | 1918 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 169 | 13% |
Feb 13, 2026
$975,000
Initial Listing
May 12, 2023
$750,000
Public Record