987 Yerba Buena Ave, Oakland, California 94608, Oakland, 94608 - 3 bed, 1 bath
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987 Yerba Buena Ave
Oakland, California 94608
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,127Sq Ft
6,370Lot Size
Property Price
LIST PRICE$659,500
EST. MARKET VALUE
$620,051
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $659,500—positioned well below the $620,052 Fair Market Value by -6%. While the home carries a Fair Condition Rating of 5, the large 6,370 sf lot provides significant development potential for an ADU. Located on the Oakland/Emeryville border, this asset offers strategic commuter access and proximity to major retail hubs. This is a value-add project ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on renovation-driven equity.
Estimated Market Value
$620,051
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 |
|---|---|---|---|---|---|---|
★ 987 Yerba Buena Ave Subject | $659,500* List Price | 3 | 1 | 1,127 | $550 | - |
A 956 53rd St Sold | $565,000 | 2 | 1 | 1,103 | $512 | 0.5 mi |
B 3513 Adeline St Active | $549,000 List Price | 3 | 2 | 1,121 | $490 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1926 and explicitly described as a 'fixer' in a probate sale, this property requires a full rehab. With no mention of recent renovations and a description stating it is in need of updating, the home likely has original or aged systems and finishes exceeding the 30-50 year threshold for poor condition.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location & Accessibility
Situated on the Oakland/Emeryville border, the property offers exceptional commuter access to San Francisco and is minutes from major retail hubs like Bay Street and East Bay Bridge shopping centers.
- Development Potential
The property features a large lot with significant side and rear yard space, offering a prime opportunity to construct an Accessory Dwelling Unit (ADU) for rental income or multi-generational living.
- Significant Equity Potential
As a 1920s fixer-upper priced for its condition, this home presents a substantial value-add opportunity for investors or contractors to build equity through a comprehensive renovation.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The home is in 'fixer' condition and requires significant updating throughout, which will necessitate a substantial capital investment beyond the initial purchase price.
- Probate Sale Complexity
Being a probate sale that may require court confirmation, the transaction involves additional legal layers and a potentially longer closing timeline than a standard residential sale.
About 987 Yerba Buena Ave
Probate sale. Great opportunity on this home located on the Oakland/Emeryville border. 3 bedroom, 1 bath home consisting of 1,127 sf situated on a large lot totaling 4,379 sf. Large side and rear yard could possibly accomodate an ADU. Home is a fixer. Upper in need of updating. Court confirmation may be needed. Easy freeway access to San Francisco. Minutes to Bay Street shopping and restuarants, short distance to East Bay Bridge shopping center.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 6,370 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Hoover Elementary School
Grades K-5 • 0.5 mi
2/10
Emerson Elementary School
Grades K-5 • 1.1 mi
2/10
Sankofa Academy
Grades PK-5 • 1.3 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,127 | 1,630.086 |
| Lot Size | 6,370 | 5,044.686 |
| Price | $659.5K | $1.05M |
| Price per sq ft | $585 | $618 |
| Built year | 1926 | 1927 |
| HOA | $0 | $265 |
| Days on market | 14 | 37 |
Pricing History
Listed for Sale
Aug 26, 2026
$659,500
Initial Listing