7000 Lockwood St, Oakland, California 94621, Oakland, 94621 - 2 bed, 1 bath
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Oakland, California 94621
This Value-Add Residential Asset is a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $406,387 Fair Market Value by 1%. This valuation gap offers $7,387 in Instant Equity, with significant upside potential considering its previous $630,000 valuation. The 4,880 sqft Generous Lot Size and 1905 Aging Infrastructure provide a prime canvas for modernization or an Accessory Dwelling Unit (ADU). Currently in Fair Condition Rating, this short sale is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7000 Lockwood St Subject | $399,000* List Price | 2 | 1 | 891 | $447 | - |
A 1927 86th Ave Sold | $395,000 | 2 | 1 | 792 | $499 | 0.9 mi |
B 1232 78th Ave Sold | $490,000 | 2 | 1 | 960 | $510 | 0.6 mi |
C 1700 64th Ave Sold | $450,000 | 2 | 1 | 1,028 | $438 | 0.7 mi |
D 1441 88th Ave Sold | $410,000 | 2 | 1 | 1,192 | $344 | 1.0 mi |
E 7412 Weld St Pending | $392,000 List Price | 2 | 1 | 864 | $454 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property presents a well-maintained exterior with updated vinyl windows, a newer wood fence, and a roof that appears to be in good condition. However, given the 1905 build date and the listing's mention of aging infrastructure and the need for modernization, the home likely suffers from outdated internal systems and interior finishes. The 'short sale' status and significant price drop from its 2022 sale price further suggest that while the home is functional, it requires updates to meet modern standards.
Listed at $399,000, the property is priced significantly below its 2022 sale price of $630,000, offering a lucrative opportunity for investors or buyers looking to build immediate equity.
The 4,880 square foot lot is substantial for a home of this footprint, providing ample space for outdoor entertaining, gardening, or the potential addition of an Accessory Dwelling Unit (ADU).
Situated in the Havenscourt neighborhood, the home offers a central Oakland location with convenient access to local transportation, shopping, and metropolitan amenities.
The short sale status requires third-party lender approval, which often results in a more complex, unpredictable, and lengthy closing timeline for the buyer.
Built in 1905, the property likely requires modernization of its core systems and may present maintenance challenges typical of century-old homes with limited square footage.
Short sale!! 2 bedroom and 1 bathroom home centrally located in Oakland.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 46% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 891 | 1,160.5 | 16% |
| Lot Size | 4,880 | 4,039 | 72% |
| Price | $399.0K | $510.0K | 20% |
| Price per sq ft | $448 | $443 | 50% |
| Built year | 1905 | 1925 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 191 | 18% |
Mar 19, 2026
$399,000
Initial Listing
Jul 21, 2022
$630,000
Public Record
Jan 11, 2022
$45,000
Public Record