5605 E 16th St, Oakland, California 94621, Oakland, 94621 - 3 bed, 2 bath
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Oakland, California 94621
This Reimagined 2024 Craftsman is a High-Potential Investment Opportunity listed at $599,888, representing a stable valuation aligned with its $591,609 Fair Market Value. Boasting an Excellent Condition Rating after a comprehensive 2024 rebuild—including a new foundation, roof, and electrical systems—the home features a contemporary designer kitchen and a primary suite with custom built-ins. The inclusion of City-approved ADU plans provides significant future appreciation and rental upside. This turn-key residence is perfectly suited for Owner-Occupants or Buy-and-Hold Investors seeking a modern, low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5605 E 16th St Subject | $599,888* List Price | 3 | 2 | 1,139 | $519 | - |
A 1321 60th Ave Sold | $544,000 | 3 | 2 | 1,205 | $451 | 0.3 mi |
B 1715 67th Ave Sold | $602,100 | 3 | 1 | 1,168 | $515 | 0.7 mi |
C 1604 57th Ave Sold | $480,000 | 2 | 1 | 876 | $548 | 0.1 mi |
D 6121 Holway St Sold | $563,000 | 3 | 2 | 1,061 | $531 | 0.4 mi |
E 1433 1433 56th Ave Pending | $520,000 List Price | 3 | 2 | 1,080 | $481 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property underwent an extensive rebuild in 2024, effectively making it a new home within a classic frame. It features a brand-new foundation, roof, electrical, and plumbing systems. The interior is finished to a high standard with a contemporary designer kitchen, modern bathrooms with high-end fixtures, new flooring, and custom built-ins, meeting all criteria for the excellent category.
Originally built in 1912, this home was extensively rebuilt in 2024 with a new foundation, roof, electrical, plumbing, and sewer lateral, offering the reliability of new construction within a classic Craftsman frame.
The property comes with City of Oakland approved plans for an Accessory Dwelling Unit (ADU), providing a significant opportunity for future value appreciation, rental income, or multi-generational living.
The residence features high-end contemporary upgrades, including a designer kitchen, a primary suite with custom built-ins, and an electric fireplace, ensuring a sophisticated and move-in-ready experience.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The local public schools assigned to this address have low performance ratings, ranging from 1 to 3, which may impact the property's appeal to families with school-aged children.
With only 1,139 square feet of living area distributed across three bedrooms, the interior layout is relatively small and may feel constrained for larger households or those requiring spacious common areas.
Exquisitely reimagined Craftsman blending timeless character with modern sophistication. Originally built in 1912 and extensively rebuilt in 2024, this turn-key residence showcases major upgrades, including a newer roof, complete foundation replacement, updated electrical & plumbing, tankless water heater, sewer lateral, sidewalk compliance & more! Designed for both comfort & style, the home features a stunning contemporary kitchen that seamlessly opens to a spacious dining area—ideal for everyday living and effortless entertaining. The living room is thoughtfully appointed with custom built-in shelving and a sleek electric fireplace, creating a warm yet elevated ambiance. The primary suite offers a serene retreat with a modern bathroom and a generously sized closet with custom built-ins, combining functionality with understated luxury. Exterior enhancements include a low-maintenance yard, an extended driveway accommodating multiple vehicles, and a newer fence with front iron gate—providing enhanced privacy, security, and curb appeal. Approved ADU plans by the City of Oakland present a rare opportunity for future expansion, rental income, or multi-generational living. Convenient access to HWY 580, 880, 13, and BART, offering seamless connectivity throughout the Bay Area.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 6-8 • 0.6 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 64% |
| Square foot | 1,139 | 1,116 | 55% |
| Lot Size | 3,500 | 4,100 | 21% |
| Price | $599.9K | $500.0K | 94% |
| Price per sq ft | $527 | $438 | 77% |
| Built year | 1912 | 1923 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 179 | 2% |
Apr 3, 2026
$599,888
Initial Listing
May 13, 2024
$350,000
Public Record
Jan 18, 2001
$25,000
Public Record