988 Franklin St 601, Oakland, California 94607, Oakland, 94607 - 2 bed, 2 bath
Loading property details...
988 Franklin St 601
Oakland, California 94607
ACTIVE
CONDITION: GOOD
2Beds
2Baths
750Sq Ft
98,093Lot Size
Property Price
LIST PRICE$405,000
EST. MARKET VALUE
$363,924
11% AboveMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $425,000—positioned well above the $393,410 Fair Market Value by 8%. While the unit carries a premium, it offers a Good Condition Rating with modern kitchen upgrades and the rare convenience of a deeded parking spot. Located in the heart of Chinatown, residents enjoy exceptional walkability and proximity to the 8/10 rated Lincoln Elementary School. This property is an ideal fit for Owner-Occupants seeking urban convenience or first-time buyers prioritizing a move-in ready lifestyle.
Estimated Market Value
$363,924
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 |
|---|---|---|---|---|---|---|
★ 988 Franklin St 601 Subject 2 bd · 2 ba · 750 sqft · $485 | $405,000* List Price | 2 | 2 | 750 | $485 | - |
A 989 989 Webster St 450 Sold 2 bd · 2 ba · 821 sqft · $384 · 0.0 mi | $315,000 | 2 | 2 | 821 | $384 | 0.0 mi |
B 675 675 8th Street 15 Sold 2 bd · 2 ba · 849 sqft · $444 · 0.5 mi | $377,000 | 2 | 2 | 849 | $444 | 0.5 mi |
C 675 8th St 10 Sold 1 bd · 2 ba · 866 sqft · $387 · 0.5 mi | $335,000 | 1 | 2 | 866 | $387 | 0.5 mi |
D 423 423 7th St 220 Sold 1 bd · 1 ba · 785 sqft · $380 · 0.2 mi | $298,000 | 1 | 1 | 785 | $380 | 0.2 mi |
E 423 7th St 506 Sold 1 bd · 1 ba · 791 sqft · $389 · 0.2 mi | $308,000 | 1 | 1 | 791 | $389 | 0.2 mi |
F 428 Alice St #304 Sold 1 bd · 1 ba · 757 sqft · $495 · 0.3 mi | $375,000 | 1 | 1 | 757 | $495 | 0.3 mi |
G 428 Alice St 336 Sold 1 bd · 1 ba · 783 sqft · $492 · 0.3 mi | $385,000 | 1 | 1 | 783 | $492 | 0.3 mi |
H 988 Franklin Street 1111 Active 2 bd · 2 ba · 898 sqft · $543 · 0.0 mi | $488,000 List Price | 2 | 2 | 898 | $543 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building was constructed in 1993 (33 years old), the unit features significant interior upgrades that bring it into the 'Good' category. The kitchen has been modernized with newer quartz countertops, a deep stainless steel under-mount sink, and updated flooring. The unit appears well-maintained, functional, and move-in ready, though the electric coil stove is a slightly dated element.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of Chinatown, the property offers exceptional walkability to grocery stores, restaurants, banks, and public transportation, including a weekly Farmer's Market.
- Modern Upgrades & Parking
The unit features significant interior upgrades and includes a deeded parking spot within the building, providing both move-in readiness and a rare urban convenience.
- Proximity to Top-Rated School
The condo is located just 0.24 miles from Lincoln Elementary School, which boasts a high rating of 8/10, adding significant value for families.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $845 per month is notably high for a 750-square-foot unit, which significantly increases the total monthly carrying cost for potential owners.
- Extended Market Time
With 99 days on the market and multiple price reductions from the original list price, the property's history suggests a struggle to find traction at its current valuation.
About 988 Franklin St 601
Must come to see all the upgrades in this 2 bedroom, 2 bath condo. Includes 1 deeded parking spot within the building. Conveniently located in Oakland Chinatown, lots of restaurants, grocery stores, banks, doctor's offices, public transportation. Easy freeway access. Farmer's Market on Fridays.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- 98,093 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $845.0 / Month
Neighborhood Insights
Oakland Unified Schools
Lincoln Elementary School
Grades K-5 • 0.2 mi
8/10
Westlake Middle School
Grades 6-8 • 1.1 mi
2/10
Oakland Technical High School
Grades 9-12 • 2.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.6 |
| Baths | 2.0 | 1.6 |
| Square foot | 750 | 969.659 |
| Lot Size | 98,093 | 16,354.274 |
| Price | $405.0K | $478.1K |
| Price per sq ft | $540 | $492 |
| Built year | 1993 | 1987 |
| HOA | $845.0 | $698 |
| Days on market | 225 | 60 |
Pricing History
Listed for Sale
Sep 9, 2026
$405,000
$425,000
-5% Price Drop
Initial Listing
Price Change
Apr 26, 2026
$425,000
$438,500
-3% Price Drop
Initial Listing
Price Change
Apr 2, 2026
$438,500
$450,000
-3% Price Drop
Initial Listing
Price Change
Mar 13, 2026
$450,000
Initial Listing
Sold
Dec 6, 2024
$440,000
Public Record
Sold
Jun 29, 1995
$150,000
Public Record