988 Franklin St 601, Oakland, California 94607, Oakland, 94607 - 2 bed, 2 bath
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Oakland, California 94607
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 988 Franklin St 601 Subject | $425,000* List Price | 2 | 2 | 750 | $521 | - |
A 675 675 8th Street 15 Sold | $377,000 | 2 | 2 | 849 | $444 | 0.5 mi |
B 428 Alice St #304 Sold | $375,000 | 1 | 1 | 757 | $495 | 0.3 mi |
C 428 Alice St 336 Sold | $385,000 | 1 | 1 | 783 | $492 | 0.3 mi |
D 428 Alice Street 637 Sold | $349,000 | 1 | 1 | 780 | $447 | 0.3 mi |
E 226 2nd St G2 Sold | $400,000 | 1 | 1 | 897 | $446 | 0.5 mi |
F 655 655 12th Street 120 Sold | $535,000 | 2 | 2 | 1,037 | $516 | 0.4 mi |
G 222 Broadway 712 Sold | $425,000 | 1 | 1 | 700 | $607 | 0.4 mi |
H 988 Franklin Street 1111 Active | $540,000 List Price | 2 | 2 | 898 | $601 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 750 | 1,032 |
| Lot Size | 98,093 | 17,988 |
| Price | $425.0K | $523.2K |
| Price per sq ft | $567 | $487 |
| Built year | 1993 | 1975 |
| HOA | $845.0 | $730 |
| Days on market | 131 | 53 |
Apr 26, 2026
$425,000
$438,500
-3% Price Drop
Initial Listing
Apr 2, 2026
$438,500
$450,000
-3% Price Drop
Initial Listing
Mar 13, 2026
$450,000
Initial Listing
Dec 6, 2024
$440,000
Public Record
Jun 29, 1995
$150,000
Public Record