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988 Franklin St 312, Oakland, California 94607, Oakland, 94607 - 1 bed, 1 bath

988 Franklin St 312, Oakland, California 94607 home-pic-0
ACTIVE$238,000
988 Franklin St 312, Oakland, California 94607
1Bed
1Bath
585Sqft
98,093Lot
Year Built
1993
Close
-
List price
$238K
Original List price
$299K
Price/Sqft
$407
HOA
$771
Days on market
-
Sold On
-
MLS number
41105431
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $238.0K(5th), sqft - 585(3th), beds - 1(50th), baths - 1(47th).

Discover the Perfect Starter Home or Investment Opportunity at Pacific Renaissance Plaza! This freshly painted 1-bedroom unit, located on the 3rd floor, offers modern living in the heart of Oakland. Recently remodeled, the updated kitchen is ready to impress. With a WalkScore® of 100, it’s a true "Walker's Paradise," complemented by a Transit Score of 89 and a Bike Score of 86, making this location an urban dweller’s dream. Enjoy the convenience of being just steps away from the elevator, stairs, laundry room, and the serene central courtyard—perfect for a morning walk or exercise. The HOA covers essential services, including 1 deeded, secure garage parking, hot and cold water, sewer, garbage, and on-site security. You’ll be right in the middle of Oakland’s vibrant Chinatown, with its renowned restaurants, markets, and easy access to public transit. This location offers the best of both comfort and convenience—making it a fantastic place to call home!

Nearby schools

8/10
Lincoln Elementary School
Public,•K-5•0.2mi
2/10
Westlake Middle School
Public,•6-8•1.1mi
7/10
Oakland Technical High School
Public,•9-12•2.3mi
2/10
Oakland International High School
Public,•9-12•2.3mi
2/10
Fremont High
Public,•9-12•3.8mi

Price History

Date
Event
Price
12/14/25
Price Change
$238,000-4.8%
09/16/25
Price Change
$250,000
07/18/25
Listing
$299,000
Condition Rating
Excellent
The property, built in 1993, has been recently and extensively renovated. The kitchen features modern white shaker cabinets, stainless steel appliances (including a Frigidaire range, microwave, and dishwasher), and clean countertops, appearing virtually new and meeting current quality standards. The unit is freshly painted throughout, and the flooring (a mix of clean carpet, wood, and tile) is in excellent condition. While the bathroom was not pictured, the overall description of 'recently remodeled' and the high quality of the visible updates suggest a comprehensive renovation, leaving the unit in move-in ready, excellent condition with no deferred maintenance.
Pros & Cons

Pros

Exceptional Walkability & Transit Access: Boasts a perfect WalkScore® of 100, a Transit Score of 89, and a Bike Score of 86, making it an ideal location for urban dwellers relying on public transportation and active commuting.
Comprehensive HOA Package: The HOA covers essential services including 1 deeded, secure garage parking, hot and cold water, sewer, garbage, and on-site security, offering significant value and peace of mind.
Updated & Move-in Ready Interior: The unit is freshly painted and features a recently remodeled kitchen, minimizing immediate renovation needs and allowing for a smooth transition for new owners.
Vibrant Chinatown Location: Situated in the heart of Oakland's vibrant Chinatown, providing immediate access to renowned restaurants, diverse markets, and cultural experiences right at the doorstep.
Ideal for First-Time Buyers/Investors: Explicitly marketed as a 'Perfect Starter Home or Investment Opportunity,' appealing to a broad buyer base looking for an entry point into the market or a rental property.

Cons

Compact Living Space: With only 1 bedroom, 1 bathroom, and 585 square feet, the unit offers limited living space, which may not suit all buyers or accommodate future needs.
High Monthly HOA Dues: The association fee of $771.00 per month is substantial and represents a significant ongoing cost that adds to the overall monthly housing expense.
History of Price Reductions: The property has undergone multiple price drops from its original listing of $299,000 to $238,000, which could indicate initial overpricing or market resistance, potentially affecting perceived value or future appreciation.

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