950 Loomis Ct, Oakland, California 94606, Oakland, 94606 - 3 bed, 2 bath
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Oakland, California 94606
This Multi-Unit Residential Asset presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $534,277 Fair Market Value by 1.7%. This valuation gap offers $9,277 in Instant Equity. Featuring a legally permitted 1-bedroom ADU and a private deck, the property is in Fair Condition, offering immediate rental income potential. Located near Crocker Highlands Elementary (9/10), this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through house-hacking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 950 Loomis Ct Subject | $499,999* List Price | 3 | 2 | 1,694 | $304 | - |
A 340 Foothill Blvd Pending | $420,000 List Price | 3 | 1 | 1,111 | $378 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1912, this property is functional but significantly dated. While the listing states it is 'freshly prepared,' the images reveal worn hardwood floors, older wall-mounted heating units instead of central HVAC, and a kitchen with dated cabinetry and appliances likely exceeding 20 years in age. It meets the criteria for 'Fair' as it is move-in ready but requires minor repairs and comprehensive cosmetic/system updates.
Elementary School: Crocker Highlands Elementary School (9/10).
The property includes a legally permitted, independent 1-bedroom ADU, offering a turnkey house-hacking opportunity to significantly offset mortgage costs through rental income.
The home is delivered fully vacant and freshly prepared, allowing for immediate move-in or the ability to set market-rate rents without the complications of existing tenant relocations.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2125, living area = 1694.
Built in 1912, the property may require more frequent maintenance or future upgrades to aging structural and mechanical systems typical of century-old homes.
The modest 2,125 square foot lot provides very little private yard or outdoor living space, which may be a drawback for families or pet owners.
Incredible Bay Area homeownership and investment opportunity! This charming, fully vacant property is perfect for anyone looking to maximize affordability through house-hacking or savvy investing. The main level features a comfortable 2-bedroom, 1-bathroom layout with great natural light. The upstairs boasts a legally permitted, fully independent 1-bedroom, 1-bathroom ADU—offering the perfect setup to live in one unit and rent out the other to significantly offset your mortgage, or utilize the entire property for multi-generational living. Completely vacant, freshly prepared, and ready for immediate move-in. Don't miss this rare chance to own a versatile, income-generating asset in a prime location!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,694 | 1,587.5 |
| Lot Size | 2,125 | 5,000 |
| Price | $500.0K | $1.06M |
| Price per sq ft | $295 | $623 |
| Built year | 1912 | 1928 |
| HOA | $0 | $338 |
| Days on market | 27 | 35 |
Jul 18, 2026
$499,999
$525,000
-5% Price Drop
Initial Listing
Jun 25, 2026
$525,000
Initial Listing
Sep 26, 1988
$25,000
Public Record