
Oakland, California 94601
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $1,199,000—positioned slightly above the $1,170,346 Fair Market Value. Featuring a Condition Rating of 4, this property includes a versatile 2,300 SF warehouse-workshop and RM-3/S-13 Zoning, offering significant redevelopment upside for high-density housing. With proximity to top-rated schools like Lincoln Middle and Alameda High, it provides a strategic location for long-term growth. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique live/work lifestyle in JingleTown.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 812 Lisbon Subject 0 bd · 0 ba · 4,100 sqft · $285 | $1,199,000* List Price | 0 | 0 | 4,100 | $285 | - |
A 3700 Foothill Blvd Active 0 bd · 0 ba · 3,192 sqft · $275 · 1.0 mi | $879,000 List Price | 0 | 0 | 3,192 | $275 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this 49-year-old property is primarily marketed as a redevelopment opportunity. However, the existing duplex units are described as well-maintained with nearly-new hardwood flooring, indicating some recent updates and making it functional rather than a complete tear-down or poor rehab project.
Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
The property features a rare combination of a well-maintained duplex and a massive 2,300+ SF warehouse/workshop, offering exceptional flexibility for owner-users or investors seeking multiple income streams.
Zoned RM-3/S-13, this site offers substantial high-density potential, particularly for affordable or senior housing developments leveraging California's state-mandated housing programs.
While the neighborhood is family-oriented, the assigned local public high schools carry low ratings (2/10), which may deter traditional family buyers and impact long-term residential resale value.
Realizing the property's highest and best use requires a complex multi-parcel acquisition and navigating Oakland's specific regulatory hurdles for high-density redevelopment.
DEVELOPMENT OPPORTUNITY -- THREE CONTIGUOUS OAKLAND PARCELS totaling approximately 0.32 acres, currently zoned RM-3/S-13, with significant redevelopment potential and potentially much greater residential density under Oakland's affordable/senior-housing programs and applicable California housing laws. These continuous properties create a Large Footprint big enough to potentially build a substantial high-density affordable/senior housing development. Oakland is currently behind in construction of State-Mandated housing, so there may be additional benefits. PURCHASED TOGETHER - These Adjoining Properties Cover 8th Street between Lisbon Ave and Portwood Ave. PURCHASED ALONE - 812 Lisbon is a UNIQUE LIVE/WORK DUPLEX WITH ATTACHED WAREHOUSE-WORKSHOP (2,300 SF) in Oakland's JingleTown. This rare, versatile property offers the ultimate opportunity for home buyers or investors seeking a Spacious Live/Work Lifestyle in the heart of the San Francisco Bay Area. This Duplex features two units: a Bright 2-bedroom, 1-bath Upstairs and a Roomy 1-bedroom, 1-bath Downstairs - each boasting over 900 SF of well-maintained space with beautiful, nearly-new hardwood flooring. The property includes an attached 2,500 SF WORKSHOP — ideal for a variety of business ventures or as an income-generating rental. With its own Bathroom and Shower, this versatile space is perfect for Warehouse, Art Studio, or workshop needs. Live close to your business or rent out the workshop to maximize income potential. Nestled in Oakland’s unique Jingle Town - Near Alameda - this friendly, close-knit neighborhood exudes community charm, with 90% of residents being families. TOP-RATED LAZEAR CHARTER ACADEMY is just a block away, and a complete shopping center—featuring a grocery store, restaurants, Starbucks, banks, and more — is a short two-blocks away, making daily errands a breeze. Convenience abounds with easy access to public transportation, BART and AC Transit, plus HWY 880.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,100 | 2,403.227 |
| Lot Size | 4,012 | 4,461.364 |
| Price | $1.20M | $900.8K |
| Price per sq ft | $292 | $343 |
| Built year | 1977 | 1919 |
| HOA | $0 | $0 |
| Days on market | 29 | 67 |
Sep 25, 2026
$1,199,000
Initial Listing
Dec 3, 2003
$63,000
Public Record