8622 Thermal Street, Oakland, California 94605, Oakland, 94605 - 3 bed, 2 bath
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Oakland, California 94605
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $698,000—positioned well below the $758,484 Fair Market Value by 7%. This valuation gap provides $60,484 in Instant Equity. Featuring a Condition Rating of 2, the home includes modern upgrades like central HVAC and new electrical systems. The expansive 10,303 sq.ft. lot offers significant ADU potential, balancing lifestyle appeal with long-term growth. This property is an ideal acquisition for Owner-Occupants seeking move-in readiness or Buy-and-Hold Investors targeting development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8622 Thermal Street Subject | $698,000* List Price | 3 | 2 | 1,204 | $630 | - |
A 8454 E Ney Ave Sold | $735,000 | 3 | 2 | 1,601 | $459 | 0.3 mi |
B 7900 Greenly Dr Sold | $850,000 | 4 | 2 | 1,328 | $640 | 0.7 mi |
C 7420 Sunkist Dr Sold | $685,000 | 3 | 2 | 1,178 | $581 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent comprehensive renovation including new wide-plank flooring, fresh paint, and all new appliances. Critical systems have been modernized with a new electrical panel, central HVAC, sewer lateral replacement, and new waste lines, meeting the criteria for a move-in ready home with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10303, living area = 1204.
The oversized 10,000+ sq.ft. lot is a rare find in Oakland, offering significant privacy and ample space for a potential ADU or home expansion to increase future property value.
The home is move-in ready with high-value infrastructure improvements, including a new electrical panel, sewer lateral replacement, new waste lines, and central HVAC for year-round comfort.
The assigned local public schools have very low performance ratings (ranging from 1 to 2), which may be a significant concern for families and could impact long-term appreciation.
At approximately 1,204 sq.ft. for a three-bedroom layout, the interior living areas may feel somewhat small or constrained compared to the generous size of the surrounding lot.
Set on a 10,000+ sq.ft. lot in the Toler Heights neighborhood, this mid-century home offers stunning Bay views and a private and generous backyard with room for an ADU or expansion potential (buyer to verify). Recently updated with fresh paint, beautiful wide-plank flooring and all new appliances, this home is move-in-ready, offering over 1,200 sq.ft of comfortable living and entertaining space. The fenced backyard offers multiple spaces to gather and relax including a side yard with raised planter beds, and a chic turf and paver checkerboard patio. Additional upgrades include recessed lights throughout, new electrical panel, sewer lateral replacement and new waste lines. Central HVAC for year round comfort, half bathroom for guests, and an attached two car garage with generous storage loft. Downtown San Leandro with fantastic dining and shopping is less than ten minutes away with convenient access to the Oakland Zoo and highway 580 for easy commuting. This home is a must-see!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 2.0 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,204 | 1,390 | 36% |
| Lot Size | 10,303 | 5,712 | 89% |
| Price | $698.0K | $700.0K | 48% |
| Price per sq ft | $580 | $523 | 68% |
| Built year | 1951 | 1938 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 135 | 1% |
May 8, 2026
$698,000
Initial Listing
Mar 20, 2023
$650,000
Public Record
Nov 15, 2007
$575,000
Public Record
Jul 13, 2004
$405,000
Public Record