801 Franklin St 1406, Oakland, California 94607, Oakland, 94607 - 2 bed, 2 bath
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801 Franklin St 1406
Oakland, California 94607
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,200Sq Ft
59,184Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$407,351
7% BelowMARKET VALUE
SUMMARY
This penthouse represents a Strong Value Opportunity, listed at $375,000—positioned well below the $407,352 Fair Market Value by 7%. This valuation gap offers $32,352 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this move-in ready unit boasts panoramic views, a private balcony, and in-unit laundry. With a Walk Score of 100 and proximity to top-rated Lincoln Elementary, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking urban convenience.
Estimated Market Value
$407,351+$32,351 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 Franklin St 1406 Subject | $375,000* List Price | 2 | 2 | 1,200 | $339 | - |
A 801 801 Franklin St 1022 Sold | $382,000 | 2 | 2 | 1,140 | $335 | 0.0 mi |
B 311 Oak St 520 Sold | $390,000 | 1 | 2 | 1,171 | $333 | 0.5 mi |
C 675 8th St 10 Sold | $335,000 | 1 | 2 | 866 | $387 | 0.4 mi |
D 801 Franklin St 607 Sold | $330,000 | 2 | 2 | 880 | $375 | - |
E 423 423 7th St 220 Sold | $298,000 | 1 | 1 | 785 | $380 | 0.1 mi |
F 423 7th St 506 Sold | $308,000 | 1 | 1 | 791 | $389 | 0.1 mi |
G 801 801 Franklin St 205 Active | $375,000 List Price | 2 | 2 | 1,140 | $329 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The unit appears well-maintained and move-in ready with modern wide-plank flooring, updated lighting fixtures, and fresh interior paint. While the building structure is older, the interior finishes suggest a renovation within the 5-15 year range, meeting the criteria for a functional and updated living space.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Boasting a perfect Walk Score of 100, this penthouse is situated in the heart of Chinatown with immediate access to BART, major freeways, and vibrant local markets, offering unparalleled transit convenience.
- Panoramic Penthouse Views
As a top-floor, two-level unit, the property features a private balcony and large windows that provide sweeping, unobstructed views of Downtown Oakland, the Bay, and the Bay Bridge.
- Essential City Conveniences
The unit includes highly sought-after urban amenities such as in-unit laundry and two assigned tandem parking spaces, which are rare and valuable assets for downtown living.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $853 is substantial, which may impact buyer affordability and overall return on investment compared to other properties in the area.
- Significant Price Depreciation
The current list price of $375,000 is significantly lower than the 2022 sale price of $580,000, suggesting potential concerns regarding building equity or localized market volatility.
About 801 Franklin St 1406
Welcome to City Center Plaza in the heart of Oakland’s vibrant Chinatown. This top-floor 2-bedroom, 2-level penthouse is filled with natural light, with a spacious open living area and large private balcony with panoramic views of Downtown Oakland, the bay, and Bay Bridge. In-unit laundry, large closets, and two assigned tandem parking spaces make city living even easier. With a Walk Score of 100, restaurants, shops, markets, and weekly farmers markets are just steps away. BART and AC Transit are within easy walking distance, with quick access to I-880 and I-980. Lake Merritt, Uptown, and Jack London Square are just minutes away, with San Francisco less than 20 minutes across the bay. The location and value can't be beat! Views: Downtown
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- 59,184 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $853.0 / Month
Neighborhood Insights
Oakland Unified Schools
Lincoln Elementary School
Grades K-5 • 0.3 mi
8/10
Westlake Middle School
Grades 6-8 • 1.2 mi
2/10
Oakland International High School
Grades 9-12 • 2.4 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.5 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,200 | 952.848 |
| Lot Size | 59,184 | 16,731.21 |
| Price | $375.0K | $488.1K |
| Price per sq ft | $312 | $502 |
| Built year | 1976 | 1991 |
| HOA | $853.0 | $683 |
| Days on market | 14 | 60 |
Pricing History
Listed for Sale
Aug 26, 2026
$375,000
Initial Listing
Sold
Jul 19, 2022
$580,000
Public Record