866 Alma Place, Oakland, California 94610, Oakland, 94610 - 4 bed, 4 bath
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866 Alma Place
Oakland, California 94610
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
2,160Sq Ft
5,656Lot Size
Property Price
LIST PRICE$1,189,000
EST. MARKET VALUE
$1,349,000
11% BelowMARKET VALUE
SUMMARY
This Mid-Century Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,349,000—positioned well below the $1,847,800 Fair Market Value by 26%. This significant valuation gap offers $498,800 in Instant Equity. Featuring a Condition Rating of 2, the home includes a modern kitchen, wide-plank oak floors, and a flexible lower-level kitchenette. Located in the prestigious Crocker Highlands district with access to top-rated schools, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$1,349,000+$160,000 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 |
|---|---|---|---|---|---|---|
★ 866 Alma Place Subject 4 bd · 4 ba · 2,160 sqft · $625 | $1,189,000* List Price | 4 | 4 | 2,160 | $625 | - |
A 828 Alma Pl Sold 4 bd · 4 ba · 2,201 sqft · $682 · 0.1 mi | $1,500,000 | 4 | 4 | 2,201 | $682 | 0.1 mi |
B 610 Prospect Ave Sold 2 bd · 4 ba · 1,985 sqft · $630 · 0.6 mi | $1,250,000 | 2 | 4 | 1,985 | $630 | 0.6 mi |
C 661 Brookwood Pl Sold 3 bd · 3 ba · 1,987 sqft · $695 · 0.5 mi | $1,380,000 | 3 | 3 | 1,987 | $695 | 0.5 mi |
D 1138 Bella Vista Ave Sold 5 bd · 3 ba · 2,750 sqft · $461 · 0.4 mi | $1,268,000 | 5 | 3 | 2,750 | $461 | 0.4 mi |
E 1001 Park Lane Sold 2 bd · 3 ba · 2,171 sqft · $629 · 0.6 mi | $1,365,000 | 2 | 3 | 2,171 | $629 | 0.6 mi |
F 967 Grosvenor Place Pending 3 bd · 3 ba · 2,017 sqft · $689 · 0.2 mi | $1,389,000 List Price | 3 | 3 | 2,017 | $689 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1956, the property has undergone extensive recent renovations including a newer roof, furnace, and foundation improvements. The interior is in mint condition with wide-plank oak floors, a modern kitchen with stainless appliances, and high-end updated bathrooms, including a powder room with contemporary tile and fixtures that appear to be less than 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Crocker Highlands Elementary School (9/10). Middle School: Piedmont Middle School (9/10). High School: Piedmont High School (10/10).
- Flexible Living Layout
The lower level features two bedrooms, a den, and a kitchenette with patio access, providing an ideal setup for multi-generational living, an au pair, or potential rental income.
- Prime Location & Education
Situated on a quiet cul-de-sac in the prestigious Crocker Highlands neighborhood, the property offers proximity to top-rated Crocker Highlands Elementary and vibrant shopping districts.
CONSRISKS & DEFICIENCIES
- Market Value Volatility
The current list price of $1.349M is significantly lower than the 2023 sale price of $1.65M, which may indicate a strategic under-pricing to drive a bidding war or a correction in local demand.
- Limited Yard Space
While the property includes a level lawn, the 5,656 sq. ft. lot is relatively modest for a four-bedroom home, with much of the outdoor utility concentrated on elevated decks rather than expansive grounds.
About 866 Alma Place
Stunning level-in mid-century on a quiet, tree-lined cul-de-sac in sought-after Crocker Highlands. This 4 bd/2.5 ba home blends timeless character w/ thoughtful modern updates. The open living & dining room showcases wide-plank oak floors & a classic wood-burning fireplace. The kitchen offers stainless appliances, a vaulted ceiling & windows overlooking majestic trees & sunset views. Wonderful decks capture verdant neighborhood views, ideal for morning coffee, evening wine or the next soirée. The main level also features a large primary suite w/ spacious bath, a second bedroom & an updated hall bath w/ modern design elements. The lower level offers two additional bedrooms, a den flowing onto the patio & a kitchenette, ideal for guests, in-laws or a nanny. A level grassy lawn invites play. Upgrades include a newer roof & furnace, foundation improvements, fresh interior paint, custom Elfa closets & a newly sodded front yard w/ irrigation. The attached 2-car garage offers direct interior access & custom cabinetry, plus an unfinished basement for abundant storage. Minutes from award-winning Crocker Highlands Elementary, the fabulous shops & restaurants of Grand Lake, Park Blvd & Lakeshore & a quick commute to the Bay Bridge to SF.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 5,656 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $227.0 / Month
Neighborhood Insights
Oakland Unified Schools
Crocker Highlands Elementary School
Grades K-5 • 0.5 mi
9/10
Cleveland Elementary School
Grades K-5 • 0.6 mi
7/10
Glenview Elementary School
Grades K-5 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,160 | 1,591.405 |
| Lot Size | 5,656 | 5,033.821 |
| Price | $1.19M | $1.04M |
| Price per sq ft | $550 | $611 |
| Built year | 1956 | 1927 |
| HOA | $227.0 | $227 |
| Days on market | 23 | 36 |
Pricing History
Listed for Sale
Oct 5, 2026
$1,189,000
$1,349,000
-12% Price Drop
Initial Listing
Price Change
Oct 1, 2026
$1,349,000
Initial Listing
Sold
Oct 30, 2023
$1,650,000
Public Record
Sold
Oct 6, 2015
$950,000
Public Record