
Oakland, California 94610
This property presents a High-Potential Investment Opportunity with a List Price of $849,000—positioned well below the $1,054,883 Fair Market Value by 19%. This valuation gap offers $205,883 in Instant Equity for buyers willing to execute a full restoration. Featuring a Condition Rating of 5, the home requires significant rehabilitation, yet its architectural pedigree and location in the Crocker Highlands Elementary district provide immense upside. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a major project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 685 Rosal Ave Subject 3 bd · 2 ba · 3,144 sqft · $336 | $849,000* List Price | 3 | 2 | 3,144 | $336 | - |
A 618 Prospect Ave Sold 4 bd · 4 ba · 2,735 sqft · $346 · 0.6 mi | $945,000 | 4 | 4 | 2,735 | $346 | 0.6 mi |
B 473 Crescent St Active 3 bd · 2 ba · 2,580 sqft · $310 · 0.7 mi | $799,000 List Price | 3 | 2 | 2,580 | $310 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1919 and held by the same owner for 74 years, this property is a significant fixer-upper requiring a full rehabilitation. The kitchen and interior finishes are severely dated (30-50+ years old), with visible damage to wallpaper and flooring, and the detached garage requires total replacement.
Elementary School: Crocker Highlands Elementary School (9/10).
Designed by the famed Newsom & Newsom architects, this Prairie School Craftsman retains rare original period details, including white oak floors and ornate built-ins, offering significant historical value.
Located in the prestigious Crocker Highlands on a sylvan street, the property is assigned to a top-rated elementary school and is moments away from the vibrant Lakeshore and Grand Lake amenities.
The property is in true fixer-upper condition, requiring a total restoration and the full replacement of the detached garage, which demands a significant capital investment.
The 7,200 sq. ft. lot is down-sloping, which can complicate landscaping efforts and increase the cost and complexity of any exterior structural or foundation work.
First time on the market in 74 years! This Crocker Highlands Grand Dame, a Prairie School Craftsman designed by famed architects Newsom & Newsom—whose family lineage includes California Governor Gavin Newsom—has had just two owners since its inception in 1919. Now squarely in the fixer-upper category, 685 Rosal offers perhaps a once-in-a-generation opportunity to bring this pedigreed property back to life as the dream home it's meant to be. The original Schaefer Residence features generous room proportions, with all three bedrooms on the same level, including a spacious primary suite that opens to the original enclosed sun porch. The expansive living room adjoins a family room, once used as a library, while the formal dining room and impressive foyer—originally called the Reception Hall—reflect the gracious scale of the home. Much of the original period detail remains, including white oak hardwood floors throughout, wood casement windows, crown moldings, a wide central staircase with wooden balustrades, built-ins, and an ornate fireplace with a wood surround. The basement level, with a ceiling height measured at 7.5 feet, was once the family rumpus room, complete with a pool table. This space offers exciting potential for expanded living area on the ground floor; buyers are encouraged to investigate possibilities with the Oakland Building Department. There is also a detached garage at the front of the property in need of replacement. Set on an expansive 7,200 sf, down-sloping lot in a sylvan setting, the property has been cleared and awaits your landscaping vision. Enjoy a peaceful, upscale street just seconds from Lakeshore Ave. and the amenities that make Oakland so special: the Grand Lake Farmers Market, Grand Lake Theater, an abundance of restaurants and shops, and many transportation options. What an opportunity to restore a piece of Oakland architectural history in a neighborhood of $2M–$3M homes! This property is assigned to Crocker Highlands Elementary. Buyers must independently verify; schools are not guaranteed. Open Sun., 10/25, 2-4:30, and Mon., 10/26, 10:30-1:00.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.8 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 3,144 | 1,591.405 |
| Lot Size | 7,200 | 5,033.821 |
| Price | $849.0K | $1.04M |
| Price per sq ft | $270 | $611 |
| Built year | 1919 | 1927 |
| HOA | $0 | $227 |
| Days on market | 1 | 36 |
Oct 23, 2026
$849,000
Initial Listing