8041 Greenly Dr, Oakland, California 94605, Oakland, 94605 - 3 bed, 1 bath
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Oakland, California 94605
This property presents a High-Potential Investment Opportunity with a List Price of $980,000—positioned well above the $853,297 Fair Market Value by -14%. While the home maintains a Fair Condition Rating, the 6,250 sqft lot and ADU conversion potential in the attached garage provide significant value-add levers. Despite lower-rated local schools, the hillside location offers privacy and functional living space. This asset is best suited for Buy-and-Hold Investors or first-time buyers capable of executing cosmetic modernizations to capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8041 Greenly Dr Subject | $899,000* List Price | 3 | 1 | 1,128 | $643 | - |
A 4103 4103 Dickson Ct. Sold | $650,000 | 3 | 1 | 1,104 | $589 | 0.2 mi |
B 7420 Sunkist Dr Sold | $685,000 | 3 | 2 | 1,178 | $581 | 0.6 mi |
C 7607 Valentine St Sold | $832,750 | 2 | 2 | 1,153 | $722 | 0.4 mi |
D 9600 Golf Links Sold | $775,000 | 2 | 1 | 1,365 | $568 | 1.0 mi |
E 8108 Greenly Dr Pending | $695,000 List Price | 4 | 2 | 1,156 | $601 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, the property shows signs of a partial renovation likely completed 20-25 years ago. While the home is functional and features updated dual-pane windows and well-maintained hardwood floors, the kitchen's oak cabinetry and the bathroom's tile work are dated. It meets the criteria for 'Fair' as it is move-in ready but requires cosmetic updates and modernization of systems and finishes.
The attached garage offers a significant opportunity for an ADU or Jr. ADU conversion, providing buyers with the potential for rental income or expanded multi-generational living space.
Situated on a 6,250 sqft lot, the property provides ample outdoor space for gardening, entertaining, and future expansions, which is a premium feature for a home of this size.
The East Oakland hillside setting offers a blend of natural light and privacy while maintaining excellent proximity to regional trails, parks, and major transit corridors for commuters.
The assigned public schools have low performance ratings (ranging from 1 to 4), which may be a deterrent for families and could impact long-term property value appreciation.
With three bedrooms but only one bathroom, the current configuration may be inconvenient for larger households and likely requires additional capital investment to meet modern market expectations.
Charming East Oakland hillside home featuring 3 bedrooms, 1 bath, and approximately 1,128 sq ft of living space on a generous lot. This inviting property offers classic character, natural light, and a functional floor plan with great potential for personalization. Spacious backyard ideal for entertaining, gardening, or future possibilities. Attached garage offers an excellent opportunity for buyers looking to explore a potential ADU or Jr. ADU conversion to expand the existing living space or create additional income potential. Conveniently located near King Estates walking park, schools, shopping, walking trails, freeway access, and regional transit. A fantastic opportunity for first-time buyers, investors, or anyone looking to add value in a desirable Oakland neighborhood.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,128 | 1,390 | 27% |
| Lot Size | 6,250 | 5,680 | 57% |
| Price | $899.0K | $700.0K | 73% |
| Price per sq ft | $797 | $520 | 98% |
| Built year | 1952 | 1938 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 139 | 2% |
Jun 6, 2026
$899,000
$980,000
-8% Price Drop
Initial Listing
May 22, 2026
$980,000
Initial Listing