
Oakland, California 94608
This 1906 Edwardian represents a High-Potential Investment Opportunity, listed at a List Price of $699,000—positioned well below the $711,299 Fair Market Value by 1.7%. This valuation gap offers $12,299 in Instant Equity. With a Condition Rating of 5, the property requires significant modernization, yet offers immense upside through its Detached Studio and Expansive Attic for ADU conversion. This is a strategic Value-Add Asset ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on the Berkeley/Emeryville border location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 979 Grace Ave Subject | $699,000* List Price | 4 | 2 | 1,907 | $373 | - |
A 3873 West St Sold | $740,000 | 4 | 2 | 1,778 | $416 | 1.0 mi |
B 4326 West St Sold | $725,000 | 4 | 3 | 1,825 | $397 | 0.8 mi |
C 1150 1150 Ocean Ave Sold | $620,000 | 2 | 2 | 1,344 | $461 | 0.5 mi |
D 859 52nd Street Active | $850,000 List Price | 4 | 3 | 1,904 | $446 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1906 with no evidence of recent renovations to kitchens, baths, or systems. The interior features dated painted wood floors and worn parquet, while the listing description explicitly frames the property as an 'opportunity' to 'build equity,' signaling a need for significant rehabilitation and modernization.
The detached studio and expansive attic offer significant opportunities for ADU conversion or additional living space, providing immediate value-add potential for the buyer.
Situated in the Golden Gate neighborhood near the Berkeley and Emeryville borders, the property offers excellent proximity to local amenities and an easy commute to San Francisco.
This 1906 Edwardian features nearly 2,000 square feet of living space rich in original Craftsman details, offering a timeless aesthetic and spacious layout rare for the area.
As a 100-plus-year-old home positioned as an equity-building opportunity, it likely requires modernization of systems or structural updates to meet contemporary standards.
While some nearby schools are highly rated, several immediate options have very low ratings (1-3), which may be a concern for families and impact future resale value.
Opportunity knocks in the North Oakland Golden Gate neighborhood on the Berkeley/Emeryville border! Built in 1906 this timeless Edwardian blends classic Craftsman character with exceptional versatility and is ready for new owners to build equity quickly. With almost 2000 square feet, featuring 4 bedrooms, the home is rich in original architectural details while offering comfortable living for today's lifestyle. A spacious detached studio provides the perfect setting for a home office, creative workspace or fitness room with potential to finish it out as an ADU. The detached garage adds convenience and valuable storage plus there is off street parking in the driveway for two additional cars. The expansive attic could be made into additional living space in the future. Fully fenced and located on a quiet street with lots of available guest parking this home is minutes to shops, restaurants and is an easy commute to SF. Whether you're drawn to its architectural heritage, work from home possibilities, or future expansion potential, this classic Edwardian is a home of enduring character and opportunity!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades PK-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,907 | 1,630.086 |
| Lot Size | 4,000 | 5,044.686 |
| Price | $699.0K | $1.05M |
| Price per sq ft | $367 | $618 |
| Built year | 1906 | 1927 |
| HOA | $0 | $265 |
| Days on market | 20 | 37 |
Aug 20, 2026
$699,000
Initial Listing