5716 Merriewood Drive, Oakland, California 94611, Oakland, 94611 - 4 bed, 3 bath
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Oakland, California 94611
This Dual-Unit Income Residence is a Strategic Value Purchase, listed at $999,000—positioned well below the $1,011,445 Fair Market Value by 1%. This valuation gap offers $12,445 in Instant Equity. Boasting a Condition Rating of 3, the property features a Remodeled Kitchen, Filtered Bay Views, and a separate studio with a proven Income Potential of $6,500/month. Located near the top-rated Thornhill Elementary School (8/10), it combines architectural charm with high rental demand. This is an ideal opportunity for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5716 Merriewood Drive Subject | $999,000* List Price | 4 | 3 | 1,538 | $658 | - |
A 6724 Sobrante Road Sold | $1,150,000 | 3 | 3 | 1,709 | $673 | 0.9 mi |
B 110 Duncan Way Sold | $1,105,000 | 2 | 1 | 1,396 | $792 | 0.4 mi |
C 373 Taurus Ave Sold | $905,000 | 3 | 3 | 1,964 | $461 | 0.2 mi |
D 6556 Farallon Way Sold | $1,000,999 | 4 | 2 | 1,783 | $561 | 0.7 mi |
E 224 Beauforest Drive Sold | $980,000 | 3 | 2 | 1,176 | $833 | 0.5 mi |
F 6861 Saroni Dr Sold | $921,500 | 2 | 3 | 1,892 | $487 | 0.8 mi |
G 938 Leo Active Under Contract | $1,250,000 List Price | 4 | 3 | 2,045 | $611 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1925 but significantly updated, the property features a remodeled kitchen with stainless steel appliances and granite countertops that appear to be within the 5-15 year age range. While some systems like the wall heater and bathroom fixtures show more age, the home is well-maintained, move-in ready, and includes a new front deck.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7150, living area = 1538.
The property features two distinct living units with a proven rental history of $6,500/month, offering exceptional flexibility for investors or owner-occupants seeking a significant mortgage offset.
Situated in the desirable Montclair neighborhood, the home is minutes from the village shops and within the attendance boundary of the highly-rated Thornhill Elementary School (Rating 8).
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1538, other record living area = 1976. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The 1,538 sq. ft. main residence includes three bedrooms but only one full bathroom, which may present a functional challenge for families or multi-resident living.
While the elementary school is top-tier, the assigned middle and high schools carry significantly lower ratings, which could impact long-term appeal for families with older children.
Two units on one property with strong income potential—live in one and rent the other or maximize returns as an investment. This beautifully updated 1925 cabin-style property in Montclair features a 3 bedroom, 1.5 bath main residence (approx. 1,538 sq. ft.) and a separate lower-level studio apartment (approx. 438 sq. ft.). Proven income history with the main home previously leased at $4,700/month and the studio at $1,800/month. The main home blends rustic charm with modern comfort, showcasing a stone fireplace, hardwood floors, wood-framed windows, exposed beam ceilings, and classic paneling. The remodeled kitchen features natural wood cabinetry and upgraded stainless-steel appliances including a gas cooktop, double ovens, built-in microwave, and dishwasher. The studio apartment offers a private entrance, full kitchen, and separate bath, ideal for rental income, guests, or extended family. Set among stately oaks, the property features stamped concrete walkways, outdoor patios, a level terraced yard, and a new front deck with filtered views of downtown Oakland and a glimpse of the Bay. A detached two-car garage/storage unit adds convenience. Ideally located just minutes from downtown Montclair, shops, dining, and easy access to Highways 13 and 24, Montclair is a pedestrian friendly village giving it a true, small town feel, yet just minutes to Oakland, Berkeley and San Francisco. Open 4/19 2-4 PM.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,538 | 2,364.5 | 15% |
| Lot Size | 7,150 | 7,300 | 48% |
| Price | $999.0K | $1.46M | 16% |
| Price per sq ft | $650 | $716 | 42% |
| Built year | 1925 | 1950 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 126 | 6% |
Mar 19, 2026
$999,000
Initial Listing
Apr 5, 1999
$287,000
Public Record